thanks, Jim. Bought EDUV, .85, .95, good news of combining 3 E-Commerce Portals:
EDUVERSE Unveils TheGlobalStore.net and [.16566]
Combines 3 E-Commerce Portals to Create Winning Internet Strategy
Business Editors/High Tech Writers
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.
--30--cs/sf*
CONTACT: EDUVERSE Accelerated Learning Systems, Inc.
Investor Relations, Toll free: 877/623-4864
Tel: 604/623-4869
Fax: 604/623-4828
Email: invest@eduverse.com
KEYWORD: NEVADA
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED EDUCATION
INTERACTIVE/MULTIMEDIA/INTERNET PRODUCT
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
URL: businesswire.com
Feb-16-1999 07:21 GMT
Symbols:
US;EDUV
Source BW Business Wire |
