Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Shashidev who wrote (6567)	7/24/1998 2:11:00 PM
From: Joe Copia	Respond to of 25711

TREV overlooked news: TREEV Receives Expanded License to $2.5 Million From Kuala Lumpur Internet Exchange Malaysia's First Internet Business Utility Accelerates Deployment of Internet-Based Solutions Using TREEV's Patented Technology HERNDON, Va., July 23 /PRNewswire/ -- TREEV, Inc. (Nasdaq: TREV - news) today announced an expansion to $2.5 million of its current license agreement with Warga Media Sdn Bhd, of Kuala Lumpur, Malaysia, for its patented document management software engine. TREEV's technology will act as the storage and distribution engine for the Kuala Lumpur Internet Exchange (KLIX), South East Asia's newest Internet Business Utility being developed & deployed by Warga Media on the Multimedia Super Corridor (MSC). Progress on the KLIX project has been greatly accelerated since April of this year, when an initial agreement of $841,000 was signed. The new agreement calls for a multi-application license of $2.5 million and an ongoing annuity based upon business performance. Harjono Zain-Al-Abidin, CEO and founder of Warga Media, will participate in TREEV's quarterly investor conference call later today where he will provide analysts with an overview of the current situation in South East Asia and outline plans to help stimulate the region's economic growth with the first Internet Business Utility. He has said, ''Our goal is to use the Internet to provide an efficient, cost-effective, business-to-business infrastructure for South East Asian companies, which will in turn help to spark growth in this region.'' Drawing on its expertise in communications, computing and multimedia, Warga Media Sdn Bhd designed KLIX to deliver value-added services to South East Asia. KLIX is designed to deliver automated business solutions and secure, reliable Internet services to specific sectors of the Malaysian community. KLIX is a Scalable Content Management Framework upon which the Multimedia Super Corridor, MSC, will soon develop Large Scale Content Rich Systems for use within the Internet, Intranet & Client/Server environments. KLIX's immediate focus is in the Oil & Gas industry, where efficient use, management, storage and distribution of voluminous technical information is a critical business issue. Warga Media expects to expand its efforts beyond Malaysia to other ASEAN regions by the end of 1999, targeting specifically, the Energy, Manufacturing and Transport sectors. Harjono Zain-Al-Abidin, added, ''TREEV continues to be a critical partner in providing the scalable backbone for our customers' multiple data type content. We choose partners based on their technology merits and their shared vision of how the Internet will advance economic development in South East Asia through applications in countless vertical industries.'' Jim Leto, Chairman and CEO of TREEV, said, ''KLIX is on the leading edge of providing Malaysia with electronic commerce applications which will fundamentally change the nature of business-to-business interactions. KLIX will thrive because it operates freely, without the bandwidth constraints and regulatory limitations we experience in the U.S. The KLIX project is a model for what businesses in this country can expect from high-speed data networks once the issue of bandwidth is resolved and governmental requirements are lifted.'' About Warga Media Sdn Bhd Warga Media Sdn Bhd is a privately held enterprise in Multimedia Content Development that combines expertise in communications, computing and multimedia content to provide value added services to the Asian business community. Its mission is to simplify the delivery of Web-based content utilizing leading edge technology, allowing companies and communities to conduct business securely and reliably over the Internet. Its initial focus is on linking businesses and communities in ASEAN (Association of South East Asian Nations). Warga Media is located in Kuala Lumpur, Malaysia on the Multimedia Super Corridor. For the latest company information, contact CEO Harjono Zain-Al-Abidin by e-mail at Harjono@altavista.net or Danmcginnis@altavista.net. Joe PTG&LI !!! allstocks.com