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Article for Artificial Life Inc (NASDAQ SC:ALIF) 3:00 AM
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ARTIFICIAL LIFE AND ECHTZEIT AG ANNOUNCE COOPERATION
FRIDAY, MARCH 03, 2000 3:00 AM
BOSTON, and BERLIN, Mar 3, 2000 /PRNewswire via COMTEX/ -- Artificial Life, Inc. announces a cooperative agreement with Berlin based German 3D-software company echtzeit AG to foster its expansion into the U.S. market.
echtzeit AG is one of Europe's leading suppliers of virtual reality, 3D simulation, 3D telecom, and information technology applications and services. "Alliances are a vital part of our core strategy, and we believe in the power of synergy through partnerships. A strategic alliance with Artificial Life continues our mission to offer the benefits of our 3D-software solutions to prospective Internet customers worldwide," said Claudia Alsdorf, CEO of echtzeit. "With Artificial Life we found a strong partner to build reliable and intelligent bot-based 3D solutions and innovative community concepts for the Internet and e-business world."
"Our alliance with echtzeit is in keeping with our business goal to introduce major innovations every year and to stay ahead of the competition, as we have been doing," said Eberhard Schoneburg, president and CEO of Artificial Life. "The union of echtzeit's powerful 3D technology with Artificial Life's established Internet robot technology will create a powerful market offering."
The cooperation is designed to benefit both partners with business referrals, innovative Web services, and contract work.
About Artificial Life Founded in 1994, Artificial Life, Inc. (NASDAQ: ALIF) develops, markets, and supports intelligent software robots for the Internet. The company offers uniquely conversational bot-based products for customer service, consultative selling, Web site navigation, automated e-mail response, and financial portfolio management.
Artificial Life is headquartered in Boston, Massachusetts, U.S.A, and maintains subsidiaries in Switzerland, Germany, and Russia.
Detailed information about Artificial Life, Inc. and its products is available at www.artificial-life.com.
About echtzeit: echtzeit was founded in 1995. The company's focus is the development of software that allows visual information simulation and creates communication processes that are integrated within fully navigable, user-friendly environments. Berlin-based echtzeit has a staff of 40 global employees, and has offices in Cologne and Sausalito, USA.
Products include: -- e:dress(R), 3D sales and presentation environments for the clothing
industry. -- e:shop(R), an integrated 3D online shopping system for ISPs, telcos
and broadband retailers. -- e:city(R), a 3D city information system for capturing, recreating and
enabling navigation and transactions within the cities of the world via the Internet.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Artificial Life, Inc.'s business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.
SOURCE Artificial Life, Inc.
(C) 2000 PR Newswire. All rights reserved.
CONTACT: Rhonda Cook, Public Relations of Artificial Life, Inc.,
Tel: 617-266-5542, or Fax: 617-266-5779, email@example.com, or
Claudia Lill, Public Relations of echtzeit AG, Tel: 030 88 45 86-0-11, or
Kantstr. 165 030 88 45 86-2210623, firstname.lastname@example.org
WEB PAGE: www.artificial-life.com
INDUSTRY CODE: CPR
SUBJECT CODE: JVN
News Provided By COMTEX
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