SAN JOSE, Calif., Feb. 26, 2002 (PRIMEZONE) -- Semotus Solutions (AMEX:DLK), a leading provider of enterprise application software connecting employees to critical business systems, information, and processes, today announced that it has signed an Agreement with OuterCurve Technologies, Inc. and formed a Joint Venture Company. Semotus will provide infrastructure support including engineering and OuterCurve will contribute existing technology. The two companies will work together to enhance services to both of their current customer bases and develop new products in the wireless middleware and financial services arena. Larry Rubin, founder and CEO of OuterCurve, will be Chairman of the JV Company in which Semotus will have a majority ownership.
"I have been impressed with OuterCurve's technology and innovation," said Mr. LaPine, CEO of Semotus. "This will be a great opportunity to create synergy between the companies for the benefit of our customers. I anticipate a revenue contribution from the JV Company in our fiscal 2003 first quarter."
"Semotus' customer base brings many new opportunities for OuterCurve to distribute its technology platform", said Mr. Rubin, CEO of OuterCurve Technologies. "Our customers will benefit from this access to additional infrastructure and staff."
About Semotus Solutions
Semotus Solutions (AMEX:DLK) is a leading provider of enterprise application software connecting employees to critical business systems, information and processes. Semotus Solutions helps mobile employees make better and faster decisions, increase customer satisfaction, and improve efficiencies in their business processes for shorter sales and service cycles.
With a growing enterprise customer base of more than 600 corporations including AOL Time Warner, Alcatel, Lucent Technologies, JP Morgan-Chase and Coca-Cola, extended over vertical markets of workforce automation, finance, healthcare, and m-commerce, Semotus Solutions enterprise application software provides mobility, convenience, efficiency and profitability. Semotus Solutions is headquartered in San Jose, Calif., with research facilities and sales offices throughout North America. For more information on our mobile application software, please visit www.semotus.com.
About OuterCurve Technologies, Inc.
OuterCurve Technologies is dedicated to providing the best environment for the development and deployment of wireless solutions. OuterCurve utilizes this platform to develop and deploy its own collection of wireless vertical market solutions, including financial services, field service automation, pharmaceuticals, CRM and document management.
OuterCurve Technologies provides thick client middleware that can "launch" lightweight applications that load Over the Air (OTAP) or via cradles. OuterCurve applications feature application level security to prevent MITTM attacks or eavesdropping, can work in a connected or disconnected mode and work on a wide variety of mobile devices. The OC platform includes tools for Rapid Application Development, along with web-based user entitlement tools for managing wireless devices. The company is located in Iselin, New Jersey. For more information on OuterCurve, please visit www.OuterCurve.com.
This press release contains forward-looking statements, which are made pursuant to the Safe-Harbor provisions of the Private Securities Litigation Reform Act of 1995. Words such as ``intends, ``believes and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products and technologies, successful integration of acquisitions, the ability to secure additional sources of finance, the ability to reduce operating expenses, and other factors described in the Company's filings with the Securities and Exchange Commission. The actual results that the Company achieves may differ materially from any forward-looking statement due to such risks and uncertainties. The Company undertakes no obligation to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.