Braindock Communications Inc. Formed to Support Electronic Software Delivery On the Internet.

NEW YORK--(BUSINESS WIRE)--March 17, 1999--New World Technologies, Inc. today announced the spin-off of its ESD division (Electronic Software Delivery) which has been incorporated as BrainDock Communications Inc. for distributing software titles across the Internet. BrainDock provides a full Internet commerce solution allowing software publishers to provide their titles to Internet retailers. It is these retailers who offer them for sale and download at their web sites.

Internet based consumers are increasingly downloading their software purchases, rather than choosing boxed delivery, eliminating shipping costs and inventory delays. This reflects IDC Corporation's growth projections of $5.9 billion in ESD sales by 2001. Addressing this global shift toward online retailing, BrainDock will provide digital distribution for its growing network of publishers and resellers, with an initial focus in the mobile computing arena.

The BrainDock network offers an extensive range of titles across the mobile computing sector which is largely dominated by Psion's handheld computers, 3Com's Palm organizers, and Microsoft's Windows CE devices. Availability of PC and Mac software will be facilitated in the near future. In a breakthrough for Psion's EPOC platform, BrainDock brings a full offering of related software titles to the electronic market. Distribution rights have been secured with major Psion software developers including Psion Computers, and PalmTop Software, and negotiations proceed with Purple Software.

Psion Computers Plc. (www.psion.com), manufacturer of the award winning Psion Series 3 and Series 5 handheld computers, is looking to supply BrainDock with its titles for electronic distribution to interested parties. "This is a fundamental step forward in providing our software titles to an evolving digital marketplace," says Claes Bergstedt, Sales Director of Psion Computers.

Palmtop Software Ltd., primary publishers for Psion and WindowsCE platforms are equally enthusiastic. "We have witnessed a significant growth in our software sales since taking our products digital on the BrainDock network'" says Corinne Vigreux, Marketing VP of Palmtop Software. " We now want to see them on as many Internet store fronts as possible. With the ease of participation offered by BrainDock, it as an ideal route to market."

Retailers on the BrainDock network include New World Technologies, Inc. (www.nwt.com) and Palmtop Software Ltd. (www.palmtopsoftware.com), with the Widget group to follow shortly. Retailers wishing to join the network can expect a projected live date of April 15, 1999.

The BrainDock network is a portal for publishers to distribute their titles to Internet retailers, and retailers to offer them to consumers. This overcomes the technology barriers faced in participating in ESD sales. A commerce server facilitates transactions and provides a secure commercial web site for credit card fraud filtering, validation, and download delivery directly to the end-user.

"We will soon offer a range of digital products from software titles to music." says Jonathan Glaser, CEO of BrainDock. "The beauty is that we provide everything from electronic warehousing of software to hosting our retailers on-line stores. This is selling made easy, where the cost of participation is minimal and the upside is staggering. As our base of software titles grows, our resellers can simply add these to their storefront. In fact, the only real cost for a retailer or publisher is the potential lost revenue of choosing not to participate."

Publishers can make their titles immediately available, while joining Internet retailers can offer sales from their web sites by April 15, 1999.