CESAREA, Israel, April 25, 2005 (PRIMEZONE) -- InterAge Ltd. (Pink Sheets:ITGJ), a provider of integrated web marketing solutions, announced today that it will be signing a new contract with a subsidiary of a large well-known corporation. Details of the companies involved cannot yet be disclosed until the closing of the deal.
The pending contract will give InterAge representation of the company in selling its unique web analytics and log analysis solutions. InterAge estimates that the Company's share of this market will exceed $25 million.
"We hope to sign within the next two weeks," said Kobi Freund, InterAge's CEO. "This deal will give us a rich set of tools in working with our larger clients here in Israel. The end result is an explosive potential in new sales for the Company. Our new partner has a proven record with its products in the web analytics market, selling to many Fortune 500 companies. This positions InterAge as the only provider of a full suite of web services in Israel."
The partner company has a user base that is in the millions, with a global distribution network. It was recently purchased by a large publicly traded company, with a market cap in excess of $50B.
About InterAge
InterAge Ltd., established in 1994, specializes in providing a comprehensive business and marketing approach to web marketing. The company operates under the trade name of ID-Knowledge and offers unique marketing design, development, and advanced web marketing technology to give clients an integrated web marketing solution. These solutions include, formulating marketing concept and strategy, market research, managing email marketing, search engine optimization and web design.
For more information, please contact kobi@id-knowledge.com or visit us on the Web at http://www.id-knowledge.com
Forward-Looking Statements
Certain statements in this news release may contain "forward-looking" information within the meaning of the Federal securities laws. All statements, other than statements of fact, included in this release may include forward-looking statements that may involve risks and uncertainties. There can be no assurance that such statements will be accurate and actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances or to reflect unanticipated events or developments.