HOUSTON, Oct. 3, 2001 (PRIMEZONE) -- Houston InterWeb Design, Inc. (OTCBB:HITD) announced today that it has acquired a 10% equity stake in Proses De Mexico. S.A. DE C.V., a software/developer and technology consultancy headquartered in Monterrey, Mexico. Proses is also a licensee of InterWeb's Latin version of SiteBlazer(tm) Website creation software. InterWeb continues to negotiate for a larger percentage ownership and intends on enhancing its presence in Mexico, one of the world's fastest-growing economies. Proses announced recently that it will host and develop a medical information/benefits site for Benavides which is a large drugstore chain in Mexico similar to Walgreens (NYSE:WAG) or Eckerds. InterWeb will be assisting the company in the launch of the site at http://www.mediben.com.
As part of its focus on the markets in Mexico, InterWeb has also become a strategic partner of eNexor.com, a leading business solutions provider, and will be focusing on development of wireless applications of its software.
Lee Magness stated, "We are very excited to work with Proses and eNexor.com on technology strategies and development of wireless applications for use in the Latin markets. Mexico and Brazil represent 83% of the Mobile Internet Market in Latin America, which is predicted to hit 70 Million Mobile Internet Users by 2005. Mexico's mobile Internet market is growing at a rate of 110% per year, more than 5 times as fast as the market for traditional landline Internet access. InterWeb will be positioned to take advantage of these markets through this acquisition and strategic alliance."
Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the Company's products, increased levels of competition, new products and technological changes, the Company's dependence upon third-party suppliers, intellectual property rights, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.