CitX And MediaVault Announce Finalization of Technology Cooperation Agreement.QUAKERTOWN, Pa.--(BUSINESS WIRE)--Nov. 16, 1999-- Strategic agreement to jointly develop, deploy and commercialize first Personalized per·son·al·ize tr.v. per·son·al·ized, per·son·al·iz·ing, per·son·al·iz·es 1. To take (a general remark or characterization) in a personal manner. 2. To attribute human or personal qualities to; personify. Portable Portal System portal system: see circulatory system. that will provide users with a unique Digital Cockpit and personal web environment CitX Corporation, a global leader in secure Internet e-Commerce, net-centric technology, and e-Business solutions, today announced the signing of a technology cooperation agreement with MediaVault, Inc., a vertically integrated new media technology development and communication company. The focal point focal point n. See focus. of the technology joint venture is to combine the technical expertise and technology of CitX and MediaVault to produce the world's first Personalized Digital Cockpit and Personal Web environment. The new Personalized Digital Cockpit will combine patented secure e-Commerce, portal, and net-centric technology from CitX with MediaVault's LittlePortal(TM) technology to produce products for many vertical applications including consumer, entertainment, healthcare, business, and education. The primary objective of the Personalized Digital Cockpit is to enable users to have instant access to information, online services, applications and other resources, anywhere, anytime, without the need of manual retrieval or a Web browser The program that serves as your front end to the Web on the Internet. In order to view a site, you type its address (URL) into the browser's Location field; for example, www.computerlanguage.com, and the home page of that site is downloaded to you. . "CitX believes that the `personal web environment' will become the primary digital environment that people will participate in for all of their business and personal use, provided there is a way to personalize per·son·al·ize tr.v. per·son·al·ized, per·son·al·iz·ing, per·son·al·iz·es 1. To take (a general remark or characterization) in a personal manner. 2. To attribute human or personal qualities to; personify. and automate access to information, services and other resources while protecting the privacy of the user," explains Bernie Roemmele, founder and 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. of CitX. Recently, other companies, such as Microsoft, have embraced the idea of a personal web and an XML-enabled `Digital Dashboard' as part of the technology offering of the future. "Dashboards are great to look at, lots of bells, idiot lights idiot light n. Slang A light on the instrument panel of a motor vehicle that gives forewarning, as of an overheated engine. Noun 1. , but not much intelligence," continues Roemmele. "However, through the integration of CitX's Intelligent Agent-driven XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. technology and MediaVault's LittlePortal(TM), we intend to take the idea into full flight mode with intuitive processing and intelligent navigation. Ultimately, the Personalized Digital Cockpit will enable the automatic and secure delivery of information, services, vertical applications and other resources to users in a way that satisfies their daily personal and business needs, while maintaining application portability and system interoperability. " One of the first collaborative projects for CitX and MediaVault is the design and integration of the LittlePortal(TM) and CitX e-Commerce, Portal and Net-Centric technologies into a platform-independent architecture that enables rapid deployment of vertical applications for the Personalized Digital Cockpit. CitX will also propose new technical methodologies and resources, including the integration of its e-Commerce technology, that will enable MediaVault to rapidly develop and deploy the current LittlePortal(TM) applications as part of this agreement. MediaVault recently launched MediaVault Properties, the licensing division of the company, naming Joseph Iacono as president and COO of the division. Iacono and his staff will be responsible for the marketing of this joint development project and others. "MediaVault views this technology cooperation agreement as the company's entree into diverse vertical marketplaces with an established e-Commerce player," explains Carlos Rosa, CEO of MediaVault, Inc. MediaVault will utilize CitX's proprietary and patented secure e-Commerce, Portal, Collaborative Filtering Also known as "social filtering" and "social information filtering," it refers to techniques that identify information a user might be interested in. There are different kinds of algorithms used, but the basic principle is to develop a rating system for matching incoming material. , and Network-Centric technology to provide enhanced functionality to LittlePortal-based vertical applications currently being developed by MediaVault. These include products targetint the consumer, entertainment, and gaming sectors. The terms of the agreement stipulate stip·u·late 1 v. stip·u·lat·ed, stip·u·lat·ing, stip·u·lates v.tr. 1. a. To lay down as a condition of an agreement; require by contract. b. that any and all applications of the LittlePortal(TM) e-Commerce module or CitX LittlePortal-enabled platforms will be exclusive to the respective entities as they are commercialized for use in the B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business and B2C (Business to Consumer) Refers to a business communicating with or selling to an individual rather than a company. See B2B. vertical markets. About MediaVault MediaVault, Inc. is a business paradigm comprised of vertically integrated New Media communications and technology development companies that bring innovative media solutions to life with advanced audio, video vehicles and e-commerce functionality. The company's ability to develop new and viable products and projects across the whole spectrum of New Media and communications is rooted in its understanding of today's competitive business environment. Among many New Media solutions is LittlePortal(TM), the flagship technology of MediaSplunge, Inc., a wholly owned New Media technology development company of MediaVault, Inc. This new technology will change the way corporations and consumers interact in cyberspace Coined by William Gibson in his 1984 novel "Neuromancer," it is a futuristic computer network that people use by plugging their minds into it! The term now refers to the Internet or to the online or digital world in general. See Internet and virtual reality. Contrast with meatspace. . Bringing content and delivery together seamlessly, LittlePortal(TM) technology has applications for the pharmaceutical, publishing, music, and entertainment industries. For more information on MediaVault, Inc., MediaSplunge, Inc., and LittlePortal(TM), visit our website at http://www.MediaVault.cc About CitX CitX Corporation is a global leader in providing Web-based integrated e-Solution deployment tools, scalable Web-EDI and XML-enabled e-Commerce, Vertical Portal A Web site that provides news, articles and services to a particular industry such as IT, finance and retail. It is the industry-specific equivalent of the general-purpose portal on the Web. Also called a "vortal." See portal, corporate portal, business intelligence portal and Web hub. and e-Community platforms, and secure distributed Internet/intranet infrastructure. CitX's SynerX suite of Web-centric tools enables the rapid deployment of scalable integrated e-Business, e-Healthcare and other "Future-Proof e-Solutions" that are Web-centric and Enterprise-receptive. The SynerX tools are divided into three categories: B2B and B2C e-Commerce B2C e-commerce The conducting of commerce by companies, government agencies, and institutions with consumers over the Internet. Amazon.com is typical of a company engaged in B2C e-commerce. , Vertical Portal Generation and Management, and Web-centric Software Application Deployment and Management, with specific vertical functionality for healthcare, insurance, banking, legal, retail and government applications. Primary services provided by CitX include fault-tolerant self-healing Internet/intranet distributed networks for secure reliable data transmission and exchange, Web-based electronic payment collection/disbursement with integrated bill presentment See EBPP. , automated Web-to-any electronic messaging See e-mail and messaging system. , enterprise-to-Web middleware crosswalks, and Internet-based distributed virtual Data Warehouse, personalized Data Marts and Customer Relationship Management tools. IntraMedX Corporation is a sister company of CitX that provides secure subscription-based integrated Web-Hosted e-Healthcare Solutions including Practice/Patient Management, Automated Insurance Eligibility/Claims Processing, Electronic Medical Records, and other sophisticated e-Commerce services delivered via the Internet for the healthcare sector. IntraMedX also operates HCSIN, a secure distributed Internet-based private healthcare network that connects physicians, healthcare professionals, hospitals, payers, laboratories and other healthcare entities to a virtual world of healthcare, fitness, medical information, services, and tools. HCSIN currently services more than 50,000 healthcare providers. For more information, contact CitX Corporation at 215/538-3535, by e-mail at info@citx.net, or visit the CitX Web site at http://www.citx.net or IntraMedX at http://www.intramedx.com. |
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