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To: dennisp who wrote (3445)	3/17/1998 3:35:00 PM
From: battle beast	Respond to of 12617

Bitstream (BITS) rules today! Up 70% today! See news attached: Bitstream Acquires Minority Interest in DiamondSoft; Companies Enter Into Strategic Distribution Agreement SEYBOLD SEMINARS, NEW YORK, March 17 /PRNewswire/ -- Bitstream Inc. (Nasdaq: BITS - news) and DiamondSoft, Inc. of Mill Valley, CA., announced today that they have entered into a strategic agreement in which Bitstream acquired a minority equity interest in DiamondSoft. DiamondSoft is the developer of Font Reserve, the award-winning Macintosh font management application. In addition, the companies have also entered into a cross-license product distribution agreement, under which Bitstream will market DiamondSoft's Font Reserve to hardware and software OEM developers, and DiamondSoft will market Bitstream's Font Navigator(TM) to retailers and corporate users. Bitstream will also distribute Font Reserve to retailers and corporate users in Europe, through their European subsidiary. ''Bitstream is extremely pleased to enter into this agreement with DiamondSoft,'' said Charles Ying, Chairman and CEO of Bitstream Inc. ''This strategic alliance underscores Bitstream's commitment to continue to lead the industry in cross-platform type and type technologies. We are excited to work in concert with DiamondSoft and leverage each of our channel strengths.'' ''Bitstream has been a leading developer of fonts and font technologies for over 10 years,'' said Brian Berson, President of DiamondSoft, Inc. ''Having Bitstream as a partner and stakeholder will allow us to leverage their expertise in order to successfully grow our company in the areas of development, support and marketing. This agreement provides us with a Windows font management solution for our customers immediately, and allows us to begin to focus on true cross-platform font management solutions.'' Font Reserve is a professional-quality font utility that features an intuitive Macintosh Finder-like graphical user interface. Font Reserve was developed to solve most of the font management and usability problems that have been frustrating graphic designers and production people since the Macintosh was introduced. It has been well reviewed and is widely recognized as the most complete font manager available. Font Navigator is a powerful and easy-to-use font management tool available on Windows 95 and Windows NT 4.x platforms. It has received excellent reviews. Both products allow users to easily install, de-install, sort, group, sample, view and manage TrueType(R) and PostScript(TM) Type 1 fonts. Pricing and availability of the retail version of Bitstream's Font Navigator will be announced at a later date. For the most up-to-date information, please contact DiamondSoft, Inc. at 415-381-3303 or visit us at www.fontreserve.com. Developers interested in incorporating industry leading font management products into their applications should contact Bitstream's Type & Technology OEM Sales Department at 617-497-6222 DiamondSoft, Inc., based in Mill Valley, CA, was founded in 1995 to solve the font management problems of the publishing industry. Its mission is to provide software tools that enable professionals to focus on the creative aspects of their jobs, letting the computer handle the mundane and laborious aspects. For more information, please visit the company on the web at fontreserve.com, or send e-mail to info@diamondsoft.com. Bitstream Inc., headquartered in Cambridge Massachusetts, develops, markets and supports software technologies and applications for the graphics communications industry. Through its Type and Technology Division, Bitstream licenses leading text imaging and page layout technologies, such as Bitstream TrueDoc,(TM) Bitstream JET(TM) and Bitstream NuDoc,(TM) to hundreds of independent developers. Building on these technologies, Bitstream's Archetype Applications Division develops publishing applications, such as its MediaBank(TM) digital asset manager and the InterSep(TM) OPI server. Thousands of corporations, publishers, ad agencies, and prepress houses use Archetype applications. Complementing these products, Bitstream markets and supports an extensive multilingual library of over 1,400 typefaces. For more information on Bitstream and its products, please visit the company on web at bitstream.com.