Bluepoint Voted Number One by Computer Week Readers; China Daily Report on Embedded Division's IPO Plan is Confirmed.Business Editors & High Tech Writers LOS ANGELES--(BUSINESS WIRE)--Sept. 5, 2000 Bluepoint blue·point also blue point n. A small oyster (Crassotrea virginica) found chiefly in coastal waters of the eastern United States and usually eaten raw. Linux Software Corp. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :BLPT BLPT Blueprint ) today announced that it received two awards on " `Yesky Cup' 2000 Computer Week Reader Survey Award Banquet" held on August 31 in Beijing, China. Once a year, Computer Week conducts a large scale survey, in which various IT products' market share and reader's preference are surveyed. The winner in each category is awarded "Yesky Cup". Based on this year's survey result, Bluepoint was awarded for number one in Linux Operating System Market Share and number one in Reader's First Choice Brand. Computer Week is one of the most popular computer publications in China. Yeskey is the name of a popular website in China. Owned by Computer Week, Yeskey (www.yeskey.com) has been listed by CNNIC CNNIC China Internet Network Information Center CNNIC China Network Information Center (China Internet Network Information Center China Internet Network Information Center (Simplified Chinese:中国互联网络信息中心), or CNNIC in short, founded as a non-profit organization on June 3, 1997, is the administrative agency responsible for Internet ) in "Ten Best Chinese Web Sites" for five consecutive times. The company today also made comments on a news reported on China Daily, the most prestigious English publication in China. The news article reported that Bluepoint plans to bring its embedded division IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. on Hong Kong Second Board in the second quarter of next year. The company confirmed that it has signed an agreement with a well-known Hong Kong firm, which will serve as Bluepoint's financial consultant and lead underwriter. The Hong Kong firm will also help the company raise funding before the planned IPO. (The China Daily article can be found at http://www.chinadaily.com.cn/cover/storydb/2000/09/04/it-cncbluepoint.html) Bluepoint Linux Software is the developer of the first "true Chinese" Linux operating system, named Bluepoint. Bluepoint controls approximately 80 percent of the Chinese Linux bundling market and is preinstalled by several major computer manufacturers in China, including Great Wall, TCL See Tcl/Tk. Tcl - Tool Command Language , Xiahua Shanbao (TriGem) and Downing. The company is a leading provider of Linux platform technology and embedded Linux system solutions in the Chinese market. The company is currently developing embedded Linux based Intelligent Housing system, and embedded systems to be used in Set-top Box, WebTV and Thin-Clients. Forward-looking statements in this release are made pursuant to the safe-harbor 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 such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the company's products and technological changes, the company's dependence upon third-party suppliers, intellectual-property rights and other risks detailed from time to time in the company's periodic reports filed with the Securities and Exchange Commission. |
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