CESAREA, Israel, Aug. 4, 2005 (PRIMEZONE) -- InterAge Ltd. (Pink Sheets:ITGJ), a leading provider of integrated web marketing solutions, announced today that it is completing an application to the European Community to participate in a multi-million dollar project on Information Society Technology, along with a world-renowned expert from Harvard University.
"We have an incredible window of opportunity to participate in the sixth annual research and development program of the European Community," says Kobi Freund, CEO of InterAge. "Dr. Yoni Mizrahi is a Ph.D. at Harvard University with significant research experience on the subject of Information Society, in terms of closing social gaps in our digital age and in confronting the challenges created by information overload. We look forward to working closely with Dr. Mizrahi on this exciting project."
InterAge is among a few applicants in this research and development area, that has been budgeted for EUR $638 million (approximately US $770 million) for the coming year.
The application process is closing in the third week of September, which leaves little time for the Company to submit its proposal for this highly lucrative and prestigious project.
"We have our top staff members working on this proposal," continues Freund. "This opportunity is rare and we hope to take full advantage of it to leverage the growth and expansion of the Company."
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.