CESAREA, Israel, Feb. 1, 2005 (PRIMEZONE) -- InterAge Ltd. (Pink Sheets:ITGJ), a leading provider of integrated web marketing solutions, wishes to clarify the announcement made on January 27, 2005, regarding the Company's winning of a bid for participating in the establishment of a web-based system for dealing with Tsunami victims.
As a result of several inquiries from investors and institutions, InterAge would like to clarify that the Company will receive $16 million in revenues from the $22 million UN-sponsored Tsunami Victims Project. These revenues will be generated over the span of the 16-month project.
InterAge's participation in this project is central to the project's overall completion and success. The web-based project will provide optimal opportunities for identification of Tsunami victims, both dead and injured, and to allow every user of the system around the world to enter up to date information and to confirm identification of victims.
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.