Anawave Software secures funding for software product development; Spirit Enterprises makes substantial investment.NEWPORT BEACH Newport Beach, residential and resort city (1990 pop. 66,643), Orange co., S Calif., on Newport Bay and the Pacific Ocean; inc. 1906. It is a popular seaside resort and yachting center. Manufactures include electrical and medical equipment, computers, boats, and adhesives. , Calif.--(BUSINESS WIRE)-- Oct. 8, 1996--Anawave Software Inc., a pacesetting Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the service and software company, on Tuesday announced that Spirit Enterprises Limited, a venture capital investment company, has made a substantial investment in the company. The financing will be used for product development and acquisition. Spirit Enterprises is an investor affiliated with Grubstein Holdings Ltd. of Santa Barbara Santa Barbara (săn'tə bär`brə, –bərə), city (1990 pop. 85,571), seat of Santa Barbara co., S Calif., on the Pacific Ocean; inc. 1850. , Calif., a private equity investment company. Peter Grubstein, president of Grubstein Holdings said: "We believe that Anawave's management team represents one of the great marketing teams today. They not only understand the market, but are quick to respond to user demands. We believe that they will build a large and successful Internet company." Grubstein will also become a member of Anawave's board of directors. He brings to the company a vast amount of investment experience in facilitating the growth of software companies. Anawave Software provides cost-effective cost-effective, n the minimal expenditure of dollars, time, and other elements necessary to achieve the health care result deemed necessary and appropriate. , easy-to-use Internet products and services. Anawave Software is a leading developer and publisher of Internet-related software products. The company also offers a full-featured Web hosting service A web hosting service is a type of Internet hosting service that allows individuals and organizations to provide their own websites accessible via the World Wide Web. Web hosts are companies that provide space on a server they own for use by their clients as well as providing , AnaServe Web Hosting Making a Web site available on the Internet. Many ISPs host a few personal Web pages for an individual at no additional cost above the monthly service fee, but the address is subordinate to the ISP; for example, www.friendlyisp.com/pat_smith. , which allows users to publish Web pages on the Internet both quickly and easily. With more than 1,500 clients, AnaServe is one of the fastest growing and largest Web hosting services in the world. CONTACT: Anawave Software, Newport Beach Marissa Jabczenski, 714/250-7262 marissaj@anawave.com |
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