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Technology Stocks : TouchStone S/W (TSSW) -- Ignore unavailable to you. Want to Upgrade?

To: David Alan Cook who wrote (2927)	12/6/1999 8:09:00 PM
From: David Alan Cook	Read Replies (1) \| Respond to of 3627

Here is the release: Monday December 6, 12:06 pm Eastern Time Company Press Release SOURCE: TouchStone Software Corporation TouchStone Software Plans To Invest in Business to Business E-commerce Companies Diagnostic Utilities Company To Initiate Business to Business E-Commerce Strategy NORTH ANDOVER, Mass., Dec. 6 /PRNewswire/ -- TouchStone Software Corporation (OTC Bulletin Board: TSSW - news), a leading developer of innovative software to help people use complex technologies, today announced that it has planned to invest into a new business to business e-commerce strategy. The company recently restructured its Board of Directors, with the intent to reposition the company and to capitalize on its strengths going forward. In addition, TouchStone Software recently retained A. M. Razo & Company Securities, Inc., of Irvine, California, specialists in helping public companies grow through acquisitions, to help identify business opportunities. ``A.M. Razo & Company is excited about working with TouchStone and helping them to build sales and net worth while also increasing shareholder value,' said Andrew Razo, President of A.M. Razo & Company. ``Our company is headquartered in the Tech Coast, the region of California that is rich in emerging high tech companies, giving us unique insight into ideal opportunities.' Razo continued by saying that other public companies such as Vertical Net and Internet Capital Group have seen significant returns as a result of their efforts in the business to business e-commerce marketplace. ``In my opinion, this investment strategy has proven to be the most exciting in the marketplace in recent history,' concluded Razo. ``We plan to acquire equity positions in Business-to-Business e-commerce companies,' said Pierre Narath, Chairman, President and CEO of TouchStone Software Corporation. ``We have already made our first investment in a privately held company that has developed a business-to-business vertical community on the Internet specific to the aviation industry. We are very excited about this investment and our new business focus.' Narath continued by stating that traditional procurement and sales methods are inefficient for both buyers and sellers in the aviation industry, due to the specialized and truly complex nature of aviation parts and products. Some sellers have developed Web sites to communicate with individual buyers; however, many have limited resources available to market and sell to the fragmented aviation marketplace. The phenomenal growth of e-commerce has changed the way businesses communicate, and this trend is poised to continue. Forrester Research estimates that the business-to-business e-commerce market will grow from $43 billion in 1998 to $1.3 trillion by 2003. E-commerce solutions allow companies to lower costs, decrease inventories and improve sales and marketing productivity by replacing paper-based transactions with more efficient e- commerce solutions. About TouchStone Software TouchStone Software Corporation is a leading developer of innovative software designed to help people use complex technologies. The company's products, which include CheckIt 98, CheckIt Diagnostic Suite, CheckIt NetOptimizer, and FastMove!, are distributed worldwide through the retail, VAR, distributor, direct and OEM sales channels. TouchStone's corporate headquarters are located at 1538 Turnpike Street North Andover, MA 01845 with a branch office in Europe located at Sonnenstrasse 26B 85622 Feldkirchen, Germany. Additional information about TouchStone Software is available at www.touchstonesoftware.com . (Note: This release contains certain forward-looking statements regarding product development schedules, sales of products in the future, return to profitability, financial position and growth plans. Such statements are subject to risks and uncertainties. Actual results could vary materially from these statements or current trends. Investors should refer to TouchStone's 1998 10-KSH and first quarter 1999 10-QSB for a fuller description of risk factors.) For more information, contact Steve Simon, S&S Public Relations at (847) 955-0700 (steve@sspr.com), or Rich West, Touchstone Software Corporation at (978) 686-6468( rich_west@unicore.com ).