MONDAY, MAY 22, 2000 7:39 AM
BOSTON and FRANKFURT, Germany, May 22, 2000 /PRNewswire via COMTEX/ -- Artificial Life, Inc. (Nasdaq:ALIF), a leading provider of intelligent software robots for the Internet (so called bots or SmartBots(TM)) today announced in Frankfurt, Germany, that it has launched a co-operation with Advance Bank, a wholly owned subsidiary of Dresdner Bank, Germany's 3rd largest bank, and that it has won a contract from Advance Bank. In a joint SmartBot(TM) project, the companies will develop bot based virtual investment consultants for the new web service of Advance Bank.
Advance Bank, as the leading German bank using only online services and call centers, has no retail outlets and will be the first bank that will offer its clients online and personalized investment advice based on Artificial Life's leading bot technology. With Artificial Life's products, Advance Bank will introduce a new dimension in Internet based online investment consulting.
"We are very excited to have won Advance Bank as a partner and client," said Eberhard Schoneburg, Chairman and CEO of Artificial Life. "This project verifies our current strategy and sales focus. We are concentrating our efforts right now on the development of intelligent Internet based software suites for banks, insurance, and financial services companies where the ability of our systems to facilitate communication with users in natural language helps their clients. We are very well positioned in this strongly expanding market with our Alife-Webguide(TM) and Alife-PortfolioManager(TM) products, " he explained.