Press Release
QCommerce Announces Co-Marketing Agreement with TelaresT at ISPCON Spring 2000
Agreement Brings First e-Commerce Services to Country's Largest Revenue-Sharing ISP Consortium
Orlando, FL, May 24, 2000 -- QSound Labs, Inc. (NASDAQ:
QSND), a leader in e-commerce solutions, multimedia software, Internet
audio and audio technology today announced that QCommerce has entered into
a co-marketing agreement with Telares™, a Dallas-based aggregator of
communications products and services.
Telares is the country's largest revenue-sharing consortium of local and
regional Internet Service Providers (ISPs) and has more than 200 ISP
members reaching over 600,000 customers and is a division of Dallas-based
Internet Global Services, Inc. (iGlobal).
The first co-marketed product will be officially launched today at ISPCON,
in Orlando, FL., where thousand of ISPs, Cable operators, Telecom
resellers and Web hosting companies are meeting to focus on the business
of providing Internet access.
As part of this agreement, Telares will offer QCommerce's InternetStore, a
proven Web-based storefront application, to its member ISPs and their
merchants. Additionally, QCommerce and Telares will co-market the
following e-business solutions:
- Participation in QCommerce's shopping portals enabled by the recent acquisition of Choicemall.com
- LookSmart's wide distribution directory listings - LookSmart category listings reach 50,000,000 unique visitors each month - nearly 74% of US web users
- LookSmart's Portal Maker - private branded portals act as the default home page for subscribers and includes a complete web directory, web search engine, news feed, weather and stock quotes
- affiliateDirect™ an on-line marketing program and measurement tool designed to drive traffic to stores
"Telares is designed to bring the best of
communication and Internet services to local and regional ISPs so they can
compete with major providers," said David Link, President and CEO of
Telares. "In our opinion, QCommerce has the most sophisticated e-commerce
package available and will facilitate expansion for Telares and its member
ISPs."
"QCommerce's business strategy is to become the 'Complete Internet
Retailing Resource'," said Fran Munoz, Executive Vice President, QSound
Labs. "The agreement with Telares allows us to combine the best available
e-business solutions with business partnerships and co-marketing
agreements with successful ISPs to help accomplish that goal."
About Internet Global Services, Inc. and Telares:
Internet Global Services, founded in 1994, aggregates communications
technologies utilizing and integrating voice, data and video. In 1998,
iGlobal created Telares™, a nationwide consortium of local and regional
Internet Service Providers to offer advanced communication services
including long distance, DSL, VISP, ISV Mail and other value-added
services. Telares services are currently available through ISPs in 68
major markets, with planned expansion to more than 100 markets by early
2001. Telephone: 1-877-4TELARES. Web site: www.iGlobal.net
About QCommerce:
QCommerce, a wholly owned subsidiary of QSound Labs, Inc., provides
e-commerce solutions for small to medium sized businesses. Our portfolio
includes: InternetStore™, a complete storefront based on self-serve
technology that incorporates merchant credit card accounts, secure
transaction processing and inventory management - affiliateDirect™, an
on-line marketing program and measurement tool designed to drive traffic
to the store - the Choicemall.com shopping portal - distribution and
advertising agreement with LookSmart to drive traffic to sites and
increase shopper awareness. Visit www.qcommerce.com, www.choicemall.com or
www.telares.com for more information.
This release contains
forward-looking statements within the meaning of the Private Securities
Litigation Act of 1995 concerning, among other things, future growth and
profitability. Investors are cautioned that such forward-looking
statements involve risk and uncertainties, which could cause actual
results, performance or achievements of the Company, or industry results
to differ materially from those reflected in the forward-looking
statements. Such risks and uncertainties include, but are not limited to,
risks associated with the Company's ability to carry out its business
strategy and marketing plans, including availability of sufficient
resources for the Company to do so timely and cost effectively, consumer
acceptance of the Company's products and services, dependence on the
performance of third parties who have agreed to market the Company's
technologies, continued growth of the Internet, dependence on intellectual
property, uncertainties relating to product development and commercial
introduction, system failures, virus and security vulnerability, rapid
technological change and competition, general economic and business
conditions and other risks which may be detailed from time to time in the
Company's periodic reports filed with the Securities and Exchange
Commission. Forward-looking statements are based on the current
expectations, projections and opinions of the Company's management, and
the Company undertakes no obligation to publicly release the results of
any revisions to such forward-looking statements which may be made, for
example to reflect events or circumstances after the date hereof or to
reflect the occurrence of unanticipated events.