Mangosoft to Penetrate High Growth Korean Market; Company Announces Strategic Alliance with Kacom Inc. to Launch Cachelink Pro to Speed Internet Access for Korean Businesses.Business/Technology Editors WESTBOROUGH, Mass.--(BUSINESS WIRE)--March 7 2001 Mangosoft, Inc. (Nasdaq: BB: MNGX), developers of Internet business enabling software and services, today announced a strategic alliance with Kacom, Inc, a leading Korean systems integrator and IT consulting organization. Kacom will develop and launch a localized version of Mangosoft's Cachelink Pro Web caching software to serve the rapidly growing Korean Internet market for businesses, schools, cybercafes, and other organizations looking to maximize Internet access See how to access the Internet. speed and bandwidth. Results in a September 2000 report published by NetValue (www.netvalue.com), a French Internet measurement company, demonstrated that "Korea is fast becoming the Internet hot spot of Asia." According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the report, "42 percent of Koreans had connected to the Internet in August 2000, second only to Singapore, and ahead of Taiwan, Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. , and China." Cachelink(R) Pro is the only software-based, LAN-wide Web cache (1) A computer system in a network that keeps copies of the most-recently requested Web pages in memory or on disk in order to speed up retrieval. If the next page requested has already been stored in the cache, it is retrieved locally rather than from the Internet. product designed to significantly increase the speed and performance of Internet access for any size organization. Cachelink Pro works by allowing all users on the network to share Web content stored in each local PC's browser cache Pronounced "browser cash." A temporary storage area in memory or on disk that holds the most recently downloaded Web pages. As you jump from Web page to Web page, caching those pages in memory lets you quickly go back to a page without having to download it from the Web again. (the memory computers use to store Web content). Users can then download previously viewed Web pages or files from the cache on the local network, which is much faster than going out to the Internet to download the same Web page. Users of Cachelink no longer have to wait for a site to download; it's available instantly and therefore allows them to work instead of wait. Kacom will combine Cachelink software with their customer's PCs to deliver a powerful, easy-to-administer solution that produces immediate results and requires no additional training to use. The company will also provide translation and marketing services to localize lo·cal·ize v. lo·cal·ized, lo·cal·iz·ing, lo·cal·iz·es v.tr. 1. To make local: decentralize and localize political authority. 2. Cachelink content and speed market entry. "Companies in Europe and Asia are suffering from bandwidth issues and looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. alternatives to help them maximize the speed of their Internet connection and improve their business model," said Chris Kim, chief executive officer of Kacom. "Cachelink provides a cost-effective software solution for improving Web access versus expensive caching hardware solutions. We believe Cachelink can make an immediate impact in South Korea." "The agreement with Kacom represents a significant extension of our channel program outside North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. ," said Doug Edwards Douglas (Doug) Edwards (born January 21 1971, in Miami, Florida) is an American former professional basketball player who was selected by the Atlanta Hawks in the 1st round (15th overall) of the 1993 NBA Draft. , Mangosoft vice president of sales. "We see great opportunity for marketing Cachelink outside of North America given the growing Internet usage and the local Internet access challenges. We are continuing to look for strong IT solution provider partners, like Kacom, throughout Europe and Asia." About Cachelink Cachelink, Mangosoft's software-based Web cache product, dramatically improves Internet and intranet performance by transparently linking the browser caches of computers on a company's local network into a single large cache pool. The result is significantly decreased Internet access time and increased available bandwidth. Cachelink achieves this without requiring additional hardware or complicated system administration. Cachelink not only speeds up access to the Internet, but effectively reduces the costs associated with Internet access. About Kacom Kacom, Inc. provides end-to-end Internet-based services and solutions for business in South Korea, Japan, and China. They are a full service organization providing products, support, and services to address the growing Internet market in Asia and the Far East. About Mangosoft, Inc. Mangosoft, Inc. (www.mangosoft.com) is a leading provider of Internet business enabling software and services. Mangosoft's Cachelink(R)Web caching software and Mangomind(SM) Internet file sharing Copying files from one computer to another. See peer-to-peer network, file sharing protocol and file and printer sharing. service leverage the company's patented Pooled caching technology to deliver next generation solutions for Internet business. The company's stock is publicly traded (NASDAQ: BB: MNGX). Mangosoft sells its products direct as well as through a network of value-added resellers A value-added reseller (VAR) is a company that adds some feature(s) to an existing product(s), then resells it (usually to end-users) as an integrated product or complete "turn-key" solution. and systems integrators. The matters discussed in this news release include 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. that may involve a number of risks and uncertainties. Actual results may vary significantly based on a number of factors, including, but not limited to, risks in product and technology development, market acceptance of new products, product demand, the impact of competitive products and pricing, changing economic conditions and other risk factors detailed in Mangosoft's most recent annual report and other filings with the Securities and Exchange Commission. Mangomind and The Business Internet File Service are servicemarks, Cachelink is a registered trademark, and Mangosoft is a trademark of Mangosoft, Inc. |
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