Berens Industries Signs Letter of Intent With Qwest Strategic Development and Distribution Business Partner to Offer Streaming Auctions.Business Editors/High-Tech Writers HOUSTON--(BUSINESS WIRE)--Aug. 7, 2000 Berens Industries Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :BEII) announced a Letter of Intent with Sharp Technology Inc., a privately held software development and marketing company, to act as a Master Distributor on behalf of Streaming Auctions(TM). Sharp will market Streaming Auctions to its customer base of 450,000 clients worldwide developed through its strategic business partnerships with Fortune 2000 companies. Sharp is a strategic development and distribution partner with Qwest Communications
NTSE Windows NT Server / Enterprise Edition (Microsoft) :Q) who has 26 million telephone customers. "Sharp is very excited to partner with an Internet software pioneer like BEII, and is pleased that BEII will deliver its Streaming Auctions and other bundled eCommerce solutions to our consumer and corporate customers worldwide," said Lou Schwartz, Sharp Technology, Sr. Vice President. "This is the first of many strategic channel development licenses that we expect to sign as we roll out our very advanced broadband-based instantly deployable eCommerce suite of applications," stated Marc Berens, 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. . "Because our software is instantly deployable, we expect revenues to start flowing in the fourth quarter as Sharp distributes our products. If only 1% of Sharp's potential small business customers sign up for Streaming Auctions, we estimate gross subscription and transaction fee revenues will approach $45 million annually." About Berens Industries Inc. Through its wholly-owned subsidiaries, Artmovement and BEII.Net, Berens Industries is pioneering the development of streaming application servers that are deployable as rent-based solutions hosted and co-marketed by leaders in the Application Service Provider (ASP) industry (e.g,. Navisite and Interliant). Our product lines provide bundled packages of managed servers, global connectivity, scaleable bandwidth, applications, and transactional systems-everything required of eCommerce. These streaming application servers provide "tenant" licensing for businesses and "landlord" licensing for Web developers and ASP hosts. Our ongoing research and development is being conducted in collaboration with leading ASPs and software developers to deliver streaming application servers that bind relational databases and transactional systems with interactive streaming media See streaming audio, streaming video and digital media hub. . About Sharp Technology Inc. Sharp Technology Inc., a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. , is a successful developer and distributor of Internet security ''This article or section is being rewritten at Internet security is the process of protecting data and privacy of devices connected to internet from information robbery, hacking, malware infection and unwanted software. , content management and e-commerce solutions. The company's business strategy focuses on the formation of highly collaborative product development Collaborative Product Development (Collaborative Product Design) (CPD) is a business strategy, work process and collection of software applications that facilitates different organizations to work together on the development of a product. and marketing relationships with Fortune 500 companies that redistribute re·dis·trib·ute tr.v. re·dis·trib·ut·ed, re·dis·trib·ut·ing, re·dis·trib·utes To distribute again in a different way; reallocate. Sharp products. One of Sharp's strategic development and distribution partners is USWEST, now Qwest Communications International Inc. For more information, visit www.sharptechnology.com. This news release contains "forward-looking statements" within the meaning of Section 27a of the Securities Acts of 1933 and Section 21E of the Securities Exchange Act of 1934. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove correct. |
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