Ambient's Affiliate Kliks.com Ltd. Enters Into Exclusive Service Agreement With Yael Software & Services Ltd. Toward Launch of Nationwide Screen Phone Network in Israel.Business & Technology Editors NEW YORK--(BUSINESS WIRE)--May 16, 2000 Ambient Corporation's (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: ABTG ABTG AquaBio Tech Group .OB) affiliate, Kliks.com Ltd., today announced the signing of an exclusive agreement with Yael Software & Services Ltd., a leading Israeli software and systems company, whereby Yael is to provide the platform service (technical environment) for the first nationwide screen phone services network in Israel. The screen phone is designed to facilitate easy access to e-commerce interactive services such as e-mail, home banking and home shopping Home Shopping commonly refers to the electronic retailing / home shopping channels industry, which includes such billion dollar companies as HSN, QVC, eBay, ShopNBC, Buy.com, and Amazon.com. , as well as advanced telephony services, without the use of a Personal Computer (PC). Yael Software & Services Ltd. serves a variety of clients in banking, medical services, defense and industry, and will be the exclusive supplier to house and maintain the technical platform for the screen phone services network. An affiliate company within theYael Group intends to acquire a 10% equity position in Kliks.com Ltd. as part of the agreement to support and maintain the platform, and provide software and programming support for service providers and other applications. "Yael, as one of Israel's leading software house, offers an incomparable support and development organization to rapidly lay the groundwork for service providers to use our screen phone network," said Kliks.com Ltd. 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. Bernie Wolff. "We, at Yael Software and Systems, are excited to play a key role in this Kliks.com initiative," said Yael Managing Director Natty Abrahami. "Kliks.com's screen phone services network will transform Israel's consumer market and will be a key contributor to introducing the new world of e-commerce to the Israeli market." The services Yael will provide Kliks.com complement Yael's array of advanced services that include wide-ranging operations in the areas of Internet, e-commerce CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. , ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. and data warehouse solutions in Israel and Europe. Screen phone technology opens the world of e-commerce and the Internet to more than 60% of the population that doesn't own a PC. With the touch of a button, screen phones can provide everyone with e-mail, e-commerce and advanced telephony capabilities. The versatility of the screen phone coupled with its projected low cost, compared to a PC, positions it advantageously in the mass non-PC user market. The screen phone effectively expands telephony services by offering consumers easy one-touch access to available call management options on screen such as caller ID A telephone company service that sends the caller's telephone number between the first and second ring of the call. If the calling number is not blocked, the calling number is displayed on the handset or base station of the called party. and third party conferencing. In addition, the screen phone could also become the central control unit for the "Smart Home", allowing users to regulate future "smart appliances" and utility consumption. . Kliks.com has secured exclusive rights for Israel from a leading international supplier of screen phones. About Ambient: Ambient Corporation (OTC BB:ABTG.OB) is a publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. incorporated in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. that operates technology companies in both Israel and the US, focusing on E-commerce, Internet, Power Line Telecommunication (PLT PLT psittacosis-lymphogranuloma venereum-trachoma (group); see Chlamydia. PLT psittacosis-lymphogranuloma venereum-trachoma (group). ) and telephony-related product offerings for a variety of exciting new consumer applications. About Yael Software and Systems: Yael Software and Systems, the largest company in the Yael Group, employs 600 software professionals. The company has over 230 software engineers, project managers and system analysts, working on software development and provides consulting, monitoring and integration services and project management. Yael operates several specialization groups, including data warehouse solutions, customer support centers (Call Center), organizational resource management applications including ERP, E-Commerce, system management tools, development tools, Internet / Intranet applications, medicine and banking. Visit us at: www.yaelsoft.com This press release may contain forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results. Readers are referred to the documents filed by Ambient Corporation with the SEC, including the company's most recent report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and 10-Q, which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. Ambient is a trademark of Ambient Corporation registered in the U.S. Patent and Trademark Office. |
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