To: Francois Goelo who wrote (4297 ) 3/16/1999 10:32:00 AM From: Richard Nisbet Respond to of 52051
News on EDUV....do your DD... (COMTEX) B: EDUVERSE Opens TheGlobalStore.net on Schedule Completing B: EDUVERSE Opens TheGlobalStore.net on Schedule Completing the Company's Initial Internet Portal Strategy RENO, NEV. (March 16) BUSINESS WIRE -March 16, 1999--EDUVERSE(TM) Accelerated Learning Systems, Inc. (OTC BB:EDUV), a technology-based developer, manufacturer marketer and publisher of educational software products, today announced that EDUVERSE's newest Internet portal www.TheGlobalStore.net opened on schedule yesterday. "The opening of our global store now completes the initial phase of our Internet strategy," explained Mark E. Bruk, President and CEO of EDUVERSE. "With our portals now in place, we will begin phase two of our strategy by promoting freeENGLISH.com, attracting and directing users to TheGlobalStore.net and EDUVERSITY.com. These portals, working in conjunction with one another, give EDUVERSE the flexibility to meet the Internet-enabled community's needs, while generating revenue on multiple frontiers." 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 will advertise a variety of brand name products on freeENGLISH. Numerous manufacturers' products, including Microsoft (Nasdaq:MSFT - news), Adobe (Nasdaq:ADBE - news), Symantec (Nasdaq:SYMC - news) and IBM (NYSE:IBM - news), will be featured. About EDUVERSE Accelerated Learning Systems, Inc. EDUVERSE Accelerated Learning Systems, Inc. is a technology-based company focused on developing and marketing the finest in interactive multimedia educational software products. On Jan. 1, 1999, EDUVERSE defined the educational model for the new millennium -- the best in education for free. By combining the highest quality in educational course curriculum with a proprietary advanced learning process, EDUVERSE produces freeENGLISH(TM) -- a distance education application that streams lessons, advertisements and application updates across the Internet. freeENGLISH helps anyone learn spoken English, regardless of their native tongue. freeENGLISH is available, for free, from the freeENGLISH.com web portal and generates revenues from a mix of Internet advertising models, including: the sale of static and click-through banner advertisements, and sell-through banner advertisements for courses on EDUVERSE's EDUVERSITY.com(TM) and for products & services available from EDUVERSE's TheGlobalStore.net(TM). EDUVERSITY.com is a Corporate Workplace University, with hundreds of online courses ranging from Finance, Languages and Softskills to Desktop Computing, Graphic Design and the Internet. TheGlobalStore.net is an e-commerce Internet portal, initially with over 131,000 popular software and hardware products available for sale. TheGlobalStore.net is expected to open on March 15. EDUVERSE Accelerated Learning Systems, Inc. is based in Reno. For more information on the company, call 775/332-3325 or visit the EDUVERSE Accelerated Learning Systems, Inc. web site at www.eduverse.com or email info@eduverse.com. -0- gdr/sf* CONTACT: EDUVERSE Accelerated Learning Systems, Inc. Investor Relations, 877/623-4864 or 604/623-4869