NEW YORK, Sept. 4, 2002 (PRIMEZONE) -- Exus Networks, Inc. (OTCBB:EXUS) today announced the creation of a Center for Interfaith Studies dedicated to His Holiness, Pope John Paul II, marking the inauguration of its Distance Education Network.
The creation of the Center for Interfaith Studies has been inspired and supported by His Holiness Pope John Paul II, who through his journeys, love for children and support for their education focused Exus Global Networks on the issue of Distance Education in the area of Interfaith Studies and Communications. Excerpts of the Pope's message will be featured on the site. Support for the Center is being sought from foundations and others supporting Interfaith education.
Exus has inaugurated today its Distance Education Network. It is creating a Portal that will feature six categories: School of Medicine, School of Language, School of Nursing, Center of Inter Faith Studies and College of Computer and Science Technology. In each category, Exus will partner with various content developers to offer the best educational environment.
Exus Shared Satellite Network will provide the backbone to deliver these programs to emerging markets. Exus expects that such programs can lead to partnerships with organizations that support distance learning programs for the emerging markets, such as the World Bank's - Global Development Learning Network and NATO's Silk Road Project. Exus has had discussions with these agencies, and such discussions are continuing.
Exus' new Distance Education web site will be launched on October 1, 2002 with content for English as a Second Language. Also Exus College of Computer and Science Technology will feature on-line courses leading to certification by Microsoft, Lotus, Cisco and others.
Mr. John Costello President of Fatamakita, Inc, Licensee of Vatican TV, commented, "Exus' utilization of it's Global Network and presence in emerging markets truly provides a platform for Distant Education. Exus' Distance Education Network presents a real solution to educate the people of the world and we are pleased to be associated with this initiative." For more information on Fatamakita, Inc see www.popejourneys.com.
About Exus Networks Incorporated
Exus Networks is a global provider of a broad array of value-added services, concentrating on Distant Education, delivered via a combined satellite and terrestrially based network. These services are provided to a diverse client base that includes medium to large multi-national businesses, universities, Internet service providers and government agencies. Through service agreements and strategic relationships with satellite network operators, teleport facilities, leading telecommunications partners and the Company's satellite gateway and data center in New York, Exus Networks benefits from the growing need for affordable, premium quality, managed data services. This is particularly true in emerging markets, where Exus benefits from being a first-mover advantage. To learn more about the Company, please visit its Website at http://www.exus.net.
The preceding includes forward-looking statements which involve known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to differ materially from forecasted results. Forward-looking statements above are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially due to a variety of factors, including, without limitation, competition, intellectual property rights, litigation, needs of liquidity, and other risks detailed from time to time in the company's reports filed with the SEC.
-0-
CONTACT Exus Networks
Robert Koch, Investor Relations
(914) 767-0707