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To: lindalib who wrote (6338)2/19/1999 10:50:00 AM
From: Aaron Lee  Read Replies (1) | Respond to of 11130
 
eduv news!!
internet portal to open on march 15th
nice news keeps flowing :)

Friday February 19, 10:23 am Eastern Time
Company Press Release
EDUVERSE Announces Strategic Agreement with Leading Global Electronic Software Distribution Reseller BUYONET
RENO, Nev.--(BUSINESS WIRE)--Feb. 19, 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 a strategic agreement with BUYONET (www.buyonet.com), under which BUYONET will resell EDUVERSE's award-winning English language software. EDUVERSE will supply BUYONET with in an electronic downloadable format of ENGLISH PRO for online global distribution.

''BUYONET has done a superior job in meeting the challenges of marketing software in a diverse geographical region,'' stated Mark E. Bruk, president and CEO of EDUVERSE. ''For many European online shoppers, who do not understand English, the only way to make the sale is to profile products in their own language and currency. BUYONET's commitment to the European market and level of customer support has made them a leading ESD reseller in Europe and now globally.''

BUYONET, a leading global online electronic software distribution reseller (ESD) specializing in software download, has an installed base of satisfied customers in more than 125 countries, supports six languages and 22 currencies. BUYONET is the largest electronic software distributor in Europe.

EDUVERSE is pleased to announce that EDUVERSITY.net, the company's Corporate Workplace University, is now open, one month ahead of schedule.

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 five 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.

EDUVERSE has also opened EDUVERSITY.net, the company's Corporate Workplace University, with hundreds of online courses ranging from Finance, Languages and Softskills to Desktop Computing, Graphic Design and the Internet. EDUVERSITY also features 38 Microsoft Certified courses and 30 Microsoft Certified Systems Engineer (MCSE) courses.

EDUVERSE has announced the opening of TheGlobalStore.net, the company's e-commerce Internet portal, with over 131,000 popular software and 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 is expected to open on March 15th.

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 percent 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.