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Activeworlds.com Partners To Bring 3D To Korean B2B @ [3/28/2000 2:34:01 PM] by:
Activeworlds Press
Haas Media Corp. wins bid for exclusive distributorship of Active Worlds in Korea Activeworlds.com, Inc., an information technology company dedicated to providing ASP delivery systems for the 3D Internet, today announced the signing of an agreement with Korean based Haas Media Corporation for exclusive distribution of Active WorldsTM in Korea. Four companies were bidding for this contract, which in the end was awarded to Haas Media.
"The Korean market has shown a rapid increase in interest in Active WorldsTM these past several months", said JP McCormick, Chairman of Activeworlds.com. "We have been recently featured on Korean national TV, and since then we have received many inquiries for the distribution of our software suite in Korea. We are excited about this new partnership with Haas Media. They have shown both the financial and strategic commitment which will ensure the success of the Active WorldsTM - Haas Media partnership."
"This contract enables us to plan a long term business strategy for Active WorldsTM products in Korea." Said Lee Kwang Se, President and CEO of Haas Media. "In particular, the innovative technology of Active WorldsTM for 3D/VR will play a leading role in the existing e-commerce, education, architectural design, communication, and entertainment markets" Mr. Kwang Se further added. "It is our immediate plan to promote the products and technologies of Active Worlds in the 3D/VR area and to absorb a large community by fusing the Active WorldsTM technology with communication technology such as messaging and VoIP. Our plan is designed to target not only the Korean 3D/VR community, but also to expand to the Asia-Pacific regional markets."
"Haas Media is a company which specializes in innovative corporate solutions for internet and unified messaging. Their approach to this market is a great fit with our new direction. Using Active Worlds to extend the services they can offer in the Korean infrastructure is advantageous to both our companies", said Activeworlds.com CEO, Rick Noll, " Haas Media has been a longtime client of ours and we are happy they have chosen to expand the relationship we had."
According to the Gartner Group, the Korean market is already at 10 million users and growing rapidly. The annual growth rate of the Asian Pacific B2B e-market is forecasted at 155 percent over the course of the next 5 years. Predictions show the potential to reach a trillion dollars by 2004. The partnership between Activeworlds.com, Inc. and Haas Media will poise them to take full advantage of this unique time in the Asian Pacific market.
About Activeworlds.com, Inc. (http://www.activeworlds.com) Activeworlds.com, Inc. is an information technology company dedicated to providing ASP delivery systems for the 3D Internet. Its communications enhancement technology uses techniques initially developed for virtual reality environments for the Internet, whether it be the website author or application provider. Activeworlds.com, Inc. currently has a worldwide user base of over 1,000,000 users on the Universe server it operates, which receives over 1 million impressions per day. Active WorldsTM technology is currently being used by companies such as Boeing, NASA, The United Nations, Philips Multimedia, the US Government, and many more.
About Haas Media, Corp. (http://www.haasmedia.com ) Located in the heart of Seoul, Haas Media is an internet solutions provider for the internet infrastructure software and unified messaging system for a wide range of corporate customers including ISP's and Telco's. Safe Harbor Statement Investors should carefully consider the preceding information as well as other information contained in this press release before making an investment in the Common Stock. Information contained in this press release contains "forward-looking statements" which can be identified by the use of forward-looking terminology such as "believes", "expects", "may", "should", or "anticipates"or the negative thereof or given that the future results covered by the forward-looking statements will be achieved. The preceding matters constitute cautionary statements identifying important factors with respect to such forward-looking statements, including certain risks and uncertainties that could cause actual results to vary materially from the future results covered in such forward-looking statements. Other factors could also cause actual results to vary materially from the future results covered in such forward-looking statements.
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