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Gold/Mining/Energy : PKS-PeakSoft Multinet Corp. (was PeakSoft Corp.) -- Ignore unavailable to you. Want to Upgrade?


To: Brian Warner who wrote (1346)10/26/1998 9:24:00 AM
From: Brian Warner  Read Replies (2) | Respond to of 1470
 
NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS

FOR: PEAKSOFT CORPORATION

ASE SYMBOL: PKT
OTC Bulletin Board SYMBOL: PEAFF

OCTOBER 26, 1998

PeakSoft Announces Promotion Agreement With XOOM.com;
Leading direct selling-based Web community to offer the
PeakJet 2000 Web-browsing accelerator to its members for
trial and sale

BELLINGHAM, WASHINGTON--PeakSoft Corporation (ASE:PKT;
OTC-BB:PEAFF-pending), a pioneer in the development of Internet
research and communication technology, today announced an alliance
marketing agreement with XOOM.com (www.xoom.com), the second
fastest growing site on the Web for the first six months of 1998,
according to Media Metrix. As part of this agreement, XOOM.com
will offer its members the PeakJet 2000 Web-browsing accelerator
for trial and purchase through a variety of direct-response
marketing efforts.

"We're excited to offer PeakJet 2000 to a qualified group of users
such as XOOM.com's members," stated PeakSoft President and CEO
Doug Foster. "We believe that they can benefit from the product's
advanced acceleration and efficiency features, which make the
overall Internet experience faster and more enjoyable."

PeakJet 2000

PeakJet 2000 is a next-generation web-browsing accelerator that
significantly speeds up any user's browsing experience. Working
with either Microsoft Internet Explorer 3.0+ or Netscape Navigator
3.0+, PeakJet 2000 makes full use of any Internet connection to
look-ahead and preload links into cache and to freshen cached
pages, giving users faster access to the pages they want to see.
PeakJet 2000 builds on the award-winning and innovative technology
in PeakJet 1.5, to deliver up to 50 percent more surfing speed on
any speed modem, as well as on ISDN-type connections.

PeakSoft Alliance Marketing Program

PeakSoft has entered into a series of marketing partnerships with
leading Internet-related companies that seek to meet similar
market objectives by delivering technology that significantly
improves a user's web experience. PeakSoft's recent market
alliance partners include XOOM.com, RealNetworks (RNWK), Symantec
(SYMC) and Software Builders International. For more information
about PeakSoft's alliance marketing program, please contact
Melissa Mandel at mel@theforceimb.com, or Scott Codespoti at
jscott@theforceimb.com or by phone at 206-749-4007.

About PeakSoft Corporation

PeakSoft Corporation is a market leader in the development of
Internet productivity and communication software products. The
company is publicly traded on the Alberta Stock Exchange under the
symbol (PKT) and is a pending listing (OTC-BB) under the symbol
(PEAFF). PeakSoft is a diversified Internet software company
headquartered in Bellingham, Wash., U.S.A. For more information,
call 888-377-7325, visit the PeakSoft web site at www.peak.com or
send e-mail to info@peak.com.

-30-

FOR FURTHER INFORMATION PLEASE CONTACT:

PeakSoft Corporation
Corporate and Investor Relations
Chris Kent
(360) 752-1100, ext. 119
Email: chrisk@peak.com
Website: peak.com

The Alberta Stock Exchange has neither approved nor disapproved of
the information contained herein.