Alpha Software/NewKidCo Joint Venture Anticipates Further Video Games for Young Children.NEW YORK--(BUSINESS WIRE)--April 27, 1998--Alpha Software Corp. (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :SKI.) (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :SWEBF) Alpha Software Corporation, a subsidiary of SoftQuad International Inc. and NewKidCo stated today, as follow up to their announcement made last week regarding their joint venture, that they are in discussions with several major licensors to develop and market video game software for young children. Alpha and NewKidCo believe that they will be able to announce new video games See video game console. at or before the Electronic Entertainment Expo (E3) to be held in Atlanta at the end of May. 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. Hank Kaplan, 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 NewKidCo, "Our objective is to become the leading producer of video games for young children. Accordingly, we are currently in discussions to publish additional video games for our target audience. If we are successful, these games will be based on licenses of well known characters and will be available for a wide variety of console platforms." About NewKidCo LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control NewKidCo LLC is a New York-based children's interactive video game company developing software titles for young children on "next generation" console systems. The company seeks to secure top licenses and to create products with the exciting look and feel of popular video game titles for older children. About Alpha Software Corporation and SoftQuad International Inc. Alpha Software Corporation (Alpha, Alpha Software), based in Burlington, Mass., and SoftQuad Inc. (SoftQuad), based in Toronto, Canada, are wholly-owned operating companies of SoftQuad International Inc. Expanding on its tradition of providing solution-based software, Alpha Software Corporation publishes a diverse array of leading products in the utility, business and consumer software categories. These products are sold nationwide through the retail channel. SoftQuad International Inc.'s European operations are based in London. SoftQuad's press material can be accessed at http://www.softquadintl.com Forward-looking statements in this release are made pursuant to the 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. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Investors are cautioned that all forward-looking statements involve risk and uncertainties, including without limitation risks of intellectual property rights and litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. , risks in technology development and commercialization, risks in product development and market acceptance of and demand for the Company's products, risks of downturns in economic conditions generally, risks associated with competition and competitive pricing pressures, risks associated with foreign sales, risks associates with the sell-through of products in the sales channels, risks associated with customer concentration and other risks detailed in the Company's filings with the Securities and Exchange Commission. CONTACT: Edge Communications, Inc. Ken Greenberg, 818/ 591-1173 edgepress@mindspring.com or SoftQuad International Inc. Steven Schneider, 781/ 229-2924 investor@softquad.com |
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