CESAREA, Israel, March 8, 2005 (PRIMEZONE) -- InterAge Ltd. (Pink Sheets:ITGJ), a leading provider of integrated web marketing solutions, announced today that it has completed the first stage of the Tsunami Victims Project that was awarded to the Company late in January this year.
Only two and a half months following the tsunami, with a death toll exceeding 290,000 people, the UN-sponsored project is growing in its urgency. The objectives of the tsunami project are to 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. The sheer mass of victims and the fact that they come from all over the world requires the use of various forms of media, including text, voice, photographs and video for their identification.
With the design document completed, InterAge will now perform a systems analysis that will precisely define the development methods of the system to be developed by the Company. This stage should take about two and a half months. Once the system has been fully defined, InterAge will begin the actual design of this web-based information management project.
In addition to the fact that this site will serve tsunami victims and their families, the planned system will stand available for any possible future large catastrophe.
"InterAge is well-equipped to complete this project in the timeliest fashion possible," says Kobi Freund, InterAge's CEO. "We fully understand the humanitarian urgency of the application we are building and the advanced identification technologies and information comparison tools that we have developed will be integral to the success of this project."
InterAge is partnering with other companies around the world to do this 16-month project. Over $16 million of this $22 million project will go towards InterAge for the Company's major role in the project.
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.