Database Solutions, Inc. - www.onlinedatabasesolutions.com Signs Strategic Memorandum of Understanding with NetWorth Technologies, Inc. to Market Reliability Edge.TORONTO -- Database Solutions, Inc. - www.onlinedatabasesolutions.com (DBSJ), the technology and marketing customer relationship management (CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. ) on-demand company, today announced that it has signed an agreement with NetWorth Technologies, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :NWRT NWRT National Weather Radar Testbed NWRT Nunavut Wildlife Research Trust NWRT Nuclear Weapons-Related Technologies NWRT Nuclear Wire Repair Tape NWRT Nonwhite Region Tiling NWRT National Women's Round Table NWRT North West Rural Tourism ) to jointly market both NWRT's 'Reliability Edge' and DBSJ's 'Agent Intelligence' products to the Insurance industry. This marketing and sales venture expands DBSJ's family of products through the synergy The enhanced result of two or more people, groups or organizations working together. In other words, one and one equals three! It comes from the Greek "synergia," which means joint work and cooperative action. between the services. "NWRT's Reliability Edge product opens an additional revenue stream in subscriptions fees and may also increase our market share for Agent Intelligence. DBSJ intends to market both products together and expects a minor increase in its marketing budget for 2005. DBSJ believes it can complete a minimum of two contracts a month for Reliability Edge utilizing current marketing efforts. We are projecting each Reliability Edge installation of 300 devices for a two year contract to produce gross revenues of $245,000. Two installations would generate $490,000 in projected gross revenues a month and a minimum of $5 million dollars gross revenues per year," stated Jason Wong, President & 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 DBSJ. The Reliability Edge solution is tailored to address the requirements and initiatives of new regulations such as Sarbanes-Oxley Section 404, Gramm-Leach-Bliley Act The Gramm-Leach-Bliley Act, also known as the Gramm-Leach-Bliley Financial Services Modernization Act, Pub. L. No. 106-102, 113 Stat. 1338 (November 12, 1999), is an Act of the United States Congress which repealed the Glass-Steagall Act, opening up competition and HIPAA (Health Insurance Portability & Accountability Act of 1996, Public Law 104-191) Also known as the "Kennedy-Kassebaum Act," this U.S. law protects employees' health insurance coverage when they change or lose their jobs (Title I) and provides standards for patient health, . Networth's CTONow! Reliability Edge solutions create a state of 'Constant Audit,' providing an ongoing evaluation of the enterprise across multiple regulatory initiatives. Currently DBSJ - www.onlinedatabasesolutions.com has over 100 users on Agent Intelligence and projects strong sales growth for Agent Intelligence and www.onlinedatabasesolutions.com family of products. About Database Solutions, Inc. - www.onlinedatabasesolutions.com Database Solutions, Inc. is a technology and marketing company in the on-demand customer relationship management (CRM) industry and the software developer of Agent Intelligence. Database Solutions Agent Intelligence's proprietary browser-based software was designed specifically for the insurance industry to provide backend administration of insurance policies, client tracking and client marketing/selling strategies for an entire insurance brokerage or insurance company. The Company's www.onlinedatabasesolutions.com family of products includes a comprehensive suite of CRM applications to help enterprises of all sizes, industries and geographies meet the complex challenge of sharing and managing information on-demand. Unlike other insurance administration systems currently on the market, Agent Intelligence focuses on the needs of the broker - simplifying their business by eliminating the paper administration involved in tracking their clients to increase sales. By automatically tracking all events along the lead development process an agent and/or manager is able to see any weaknesses in an agents selling process. Automated reports critical to both management and agent are automatically available through the use of the Agent Intelligence system. One of the most attractive features of the Agent Intelligence product is the fact that it is entirely browser browser Software that allows a computer user to find and view information on the Internet. The first text-based browser for the World Wide Web became available in 1991; Web use expanded rapidly after the release in 1993 of a browser called Mosaic, which used based and no hardware or software installation process is required. The Agent Intelligence user also immediately benefits from complete upgrades and on-demand customization. The Company allows customers and independent software vendors to customize and integrate www.onlinedatabasesolutions.com's products, as well as build their own on-demand enterprise applications. For more information please visit http://www.onlinedatabsesolutions.com, or call 416-907-9963 / 646-827-9265. About NetWorth Technologies, Inc. - www.networthco.com NetWorth Technologies is a global management consulting Noun 1. management consulting - a service industry that provides advice to those in charge of running a business service industry - an industry that provides services rather than tangible objects , technology services and acquisition company. Its current portfolio consists of NetWorth Systems Inc., an information networking, security and IT auditing company. Committed to delivering innovation, NetWorth Technologies looks to acquire promising underperforming technology and technology services companies and to help them become high-performance businesses. With deep industry and business process expertise, broad global resources, NetWorth Technologies can mobilize mo·bi·lize v. 1. To make mobile or capable of movement. 2. To restore the power of motion to a joint. 3. To release into the body, as glycogen from the liver. the right people, skills, and technologies to help clients improve their performance. Its holdings provide security services Security services are state institutions for the provision of intelligence, primarily of a strategic nature, but also including protective security intelligence. Examples include the Security Service (MI5) and the Secret Intelligence Service (MI6) in the United Kingdom, and the , IT outsourcing (1) Contracting with outside consultants, software houses or service bureaus to perform systems analysis, programming and datacenter operations. Contrast with insourcing. See netsourcing, ASP, SSP and facilities management. , IT asset management, and IT Governance and wireless services. Using its industry and business-process knowledge, and our insight into existing and emerging technologies, we identify new business and technology trends and formulate and implement solutions for acquisition companies under demanding time constraints In law, time constraints are placed on certain actions and filings in the interest of speedy justice, and additionally to prevent the evasion of the ends of justice by waiting until a matter is moot. . Specifically, we help Companies: Identify and enter new markets. Increase revenues in existing markets. Improve operational performance. Deliver their products and services more effectively and efficiently. For more information on NetWorth Technologies Inc. please visit: http://www.networthco.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement: This information includes certain "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. ." The forward-looking statements reflect the beliefs, expectations, objectives, and goals of the Company management with respect to future events and financial performance. They are based on assumptions and estimates, which are believed reasonable at the time such statements are made. However, actual results could differ materially from anticipated results. Important factors that may impact actual results include, but are not limited to commodity prices, political developments, legal decisions, market and economic conditions, industry competition, the weather, changes in financial markets and changing legislation and regulations. Matters discussed in this press release may contain forward-looking statements within the meaning 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. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company. Forward-looking statements are intended to qualify for the safe harbor provisions of Section 21E of the Securities and Exchange Act of 1934, as amended. |
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