Printer Friendly
The Free Library
19,585,946 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Activeworlds.com Partners to Bring 3D To Korean B2B; Haas Media Corp. Wins Bid for Exclusive Distributorship of Active Worlds in Korea.


Business Editors/Hi-Tech Writers

NEWBURYPORT, Mass.--(BUSINESS WIRE)--March 28, 2000

Activeworlds.com, Inc. (OTC OTC

See: Over-the-counter.


OTC

See over-the-counter market (OTC).
 BB: AWLD) (http://www.activeworlds.com), an information technology company dedicated to providing ASP delivery systems for the 3D Internet, today announced the signing of an agreement with Korean based Haas Media Corporation for exclusive distribution of Active Worlds(TM) in Korea.

Four companies were bidding for this contract, which in the end was awarded to Haas Media.

"The Korean market has shown a rapid increase in interest in Active Worlds(TM) these past several months", said JP McCormick, Chairman of Activeworlds.com. "We have been recently featured on Korean national TV, and since then we have received many inquiries for the distribution of our software suite in Korea. We are excited about this new partnership with Haas Media. They have shown both the financial and strategic commitment which will ensure the success of the Active Worlds(TM) - Haas Media partnership."

"This contract enables us to plan a long term business strategy for Active Worlds(TM) products in Korea." Said Lee Kwang Se, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of Haas Media. "In particular, the innovative technology of Active Worlds(TM) for 3D/VR will play a leading role in the existing e-commerce, education, architectural design This article or section may contain original research or unverified claims.

Please help Wikipedia by adding references. See the for details.
This article has been tagged since September 2007.
, communication, and entertainment markets."

Mr. Kwang Se further added. "It is our immediate plan to promote the products and technologies of Active Worlds in the 3D/VR area and to absorb a large community by fusing the Active Worlds(TM) technology with communication technology such as messaging and VoIP. Our plan is designed to target not only the Korean 3D/VR community, but also to expand to the Asia-Pacific regional markets."

"Haas Media is a company which specializes in innovative corporate solutions for internet and unified messaging Having access to e-mail, voice mail and faxes via a common computer application or by telephone. For example, unified messaging may send faxes and digitized voice mail to a mail server that turns them into e-mail attachments. . Their approach to this market is a great fit with our new direction. Using Active Worlds to extend the services they can offer in the Korean infrastructure is advantageous to both our companies", said Activeworlds.com CEO, Rick Noll, " Haas Media has been a longtime client of ours and we are happy they have chosen to expand the relationship we had."

According to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 the Gartner Group (company) Gartner Group - One of the biggest IT industry research firms.

Address: Connecticut, USA.
, the Korean market is already at 10 million users and growing rapidly. The annual growth rate of the Asian Pacific B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G.

B2B - business to business
 e-market is forecasted at 155 percent over the course of the next 5 years. Predictions show the potential to reach a trillion dollars by 2004.

The partnership between Activeworlds.com, Inc. and Haas Media will poise them to take full advantage of this unique time in the Asian Pacific market.

About Activeworlds.com, Inc. (OTC BB: AWLD) (http://www.activeworlds.com)

Activeworlds.com, Inc. is an information technology company dedicated to providing ASP delivery systems for the 3D Internet. Its communications enhancement technology uses techniques initially developed for virtual reality environments for the Internet, whether it be the website author or application provider.

Activeworlds.com, Inc. currently has a worldwide user base of over 1,000,000 users on the Universe server it operates, which receives over 1 million impressions per day. Companies such as Boeing, NASA NASA: see National Aeronautics and Space Administration.
NASA
 in full National Aeronautics and Space Administration

Independent U.S.
, The United Nations, Philips Multimedia, the US Government, and many more are currently using Active Worlds(TM) technology.

About Haas Media, Corp. (http://www.haasmedia.com )

Located in the heart of Seoul, Haas Media is an internet solutions provider for the internet infrastructure software and unified messaging system for a wide range of corporate customers including ISP's and Telco's.

Safe Harbor Safe Harbor

1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated.

2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive.
 Statement

Investors should carefully consider the preceding information as well as other information contained in this press release before making an investment in the Common Stock.

Information contained in this press release contains "forward-looking statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
" which can be identified by the use of forward-looking terminology such as "believes", "expects", "may", "should", " or "anticipates" or the negative thereof or given that the future results covered by the forward-looking statements will be achieved.

The preceding matters constitute cautionary statements identifying important factors with respect to such forward-looking statements, including certain risks and uncertainties that could cause actual results to vary materially from the future results covered in such forward-looking statements.

Other factors could also cause actual results to vary materially from the future results covered in such forward-looking statements.

L.G. Zangani, LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
 provides financial public relations Financial public relations

Public relations division of a company charged with cultivating positive investor relations and proper disclosure information.
 service to the Company, As such L.G. Zangani, LLC and/or its officers, agents and employees, receives remuneration for public relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most  and or other services in the form of moneys, capital stock in the Company, warrants or options to purchase capital in the Company.
COPYRIGHT 2000 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2000, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Mar 28, 2000
Words:760
Previous Article:Entertainment International Ltd. Announces Acquisition of WebeCD.com, Inc.
Next Article:Kentron Technologies Announces 'Quad Band Memory' Technology, Doubling Bandwidth of the Fastest Memory Chips.



Related Articles
Activeworlds.com Completes First Phase of Chinese Browser Localization.
WORLD CUP SITE BATTLE HEATS UP : COMPETITION BETWEEN SOUTH KOREA, JAPAN SHOWS SPORT'S BIG SPLIT.
2 SITES FOR CUP IN 2002 : JAPAN, S. KOREA TO BE CO-HOSTS.
N. KOREA EXPRESSES `REGRET' IN SUBMARINE INCIDENT.
MAYOR HAHN VISITS SEOUL TO PUSH L.A. TOURISM.
UZBEKISTAN - South Korean JVs.

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles