I just picked up EDUV. News just out. This is going to fly.
EDUV News
EDUVERSE Unveils TheGlobalStore.net and Combines 3 E-Commerce Portals to
Create Winning Internet Strategy
RENO, Nev.--(BUSINESS WIRE)--Feb. 16, 1999--EDUVERSE(TM) Accelerated
Learning Systems, Inc. (OTC BB: EDUV - news), a technology-based developer,
manufacturer, marketer and publisher of educational software products, today
announced an agreement with Digital River, Inc., resulting in the opening of
EDUVERSE's newest Internet portal, TheGlobalStore.net, expected to open on March
15th.
TheGlobalStore.net is EDUVERSE's E-Commerce Internet portal, with over 131,000
popular software & hardware products available for sale. Through reseller and affiliate
programs, TheGlobalStore.net will also offer online shoppers a choice of brand name
products and services including books, music CDs, toys, movies, foods, travel and
more.
"TheGlobalStore.net integrates perfectly with our Internet strategy," states Mark E.
Bruk, President and CEO of EDUVERSE. "This new Internet portal, combined with
our existing portals, creates a powerful synergy that will have a global impact. These
sites provide the best in E-Commerce, Distance Education and advertising on the
Internet today."
"The most popular types of Internet advertising revenue are based on banner
impressions, banner click-through, and profit sharing of product sell-through.
EDUVERSE will enjoy revenue from all three of these Internet strategies," adds Mr.
Bruk.
"Many companies have an Internet strategy based on advertising revenues. Their
greatest challenge is twofold: to source advertisers and to sign strategic alliances with
companies that wish to sell products on their site and share the revenue.
TheGlobalStore.net and EDUVERSITY.net, our new online Corporate Workplace
University, are our initial strategic partners. Both portals will generate sell-through
revenue for EDUVERSE."
TheGlobalStore.net will advertise a variety of brand name products on freeENGLISH.
Numerous manufacturers' products, including Microsoft (Nasdaq:MSFT), Adobe
(Nasdaq:ADBE), Symantec (Nasdaq:SYMC) and IBM (NYSE:IBM), will be featured.
EDUVERSITY.net will advertise its 100's of online courses that include 68 Microsoft
Certified courses.
freeENGLISH is a strong magnet that is attracting a global user community. In the past
6 weeks, since its launch, freeENGLISH has generated 100's of thousands of banner
impressions. It is expected to reach 100,000 daily users in the near future, generating
over 12 million banner impressions per day. This daily traffic will make freeENGLISH
one of the most powerful marketing tools on the Internet. By attracting 1 million daily
users - a small percentage of the 1 billion people currently studying English -
freeENGLISH will wield the impressive power of the Yahoo's (Nasdaq:YHOO) and
Excite's (Nasdaq:XCIT) of the world.
Along with promoting its own products and services EDUVERSE will permit other
select companies to enjoy the advertising power of freeENGLISH.
Notice: Retailers carrying ENGLISH PRO(TM), EDUVERSE's award-winning English
language software report that ENGLISH PRO - the No. 1 Best Seller in its product
category - is outselling the competition by a factor of 4 to 1.
ABOUT EDUVERSE ACCELERATED LEARNING SYSTEMS, INC.
EDUVERSE Accelerated Learning Systems, Inc. is a technology-based company
focused on developing and marketing educational software products.
By combining the highest quality in educational course curriculum with an advanced
learning process known as Mental Mapping(TM), EDUVERSE produces ENGLISH
PRO - a software program with award-winning technology proven to teach anyone
spoken English up to 5 times quicker, regardless of their native tongue.
In defining the educational model for the new millennium, EDUVERSE has launched
freeENGLISH.net. freeENGLISH.net is a vertical web site devoted exclusively to
providing the finest in English language instruction for FREE to the Internet-enabled
marketplace. At the heart of freeENGLISH.net is freeENGLISH, a premium English as
a Second Language (ESL) program. The freeENGLISH application streams lessons
and advertisements over the Internet.
In identifying future opportunities within the rapidly-emerging distance education market,
EDUVERSE has also committed its leading-edge technical expertise to the development
of proprietary software called EVOVE(TM). EVOVE is a 100% pure Java
programming environment that allows a single application to deliver educational course
curriculum across a multitude of operating systems and hardware platforms.
Safe Harbor for Forward-Looking Statements: Except for historical information
contained herein, the statements in this Press Release are forward-looking statements
that are made pursuant to the safe harbor provisions of the Private Securities Reform
Act of 1995. Forward-looking statements involve known and unknown risks and
uncertainties that may cause the company's actual results in the future periods to differ
materially from forecasted results. These risks and uncertainties include, among other
things, product price volatility, product demand, market competition, risk inherent in the
company's domestic and international operations, imprecision in estimating product
reserves and the company's ability to replace and expand its holdings.
EDUVERSE Accelerated Learning Systems, Inc. is based in Reno, Nevada. For more
information on the company, call 775/332-3325 or visit the EDUVERSE Accelerated
Learning Systems, Inc. web site at eduverse.com or email info@eduverse.com. |
