CESAREA, Israel, March 18, 2005 (PRIMEZONE) -- InterAge Ltd. (Pink Sheets:ITGJ), a leading provider of integrated web marketing solutions, has project contracts, new technologies and strategic relationships in place that will lead to record revenues for the Company in 2005.
Of greatest prominence, InterAge is leading a team of other companies around the world in the development of the UN-sponsored Tsunami Victims project. This $22 million project will bring in more than $16 million in revenues for InterAge, alone. The Company is developing new technologies to deal with the needs of this web-based victim identification site that can be applied to other sites, giving InterAge a cost advantage and higher profitability prospects on future projects.
In addition, InterAge is in the final stages of completing a $400,000 e-commerce site for the sale of high-quality prints of Christian holy sites in Israel.
The Company has entered into new strategic alliances that will broaden InterAge's ability for rapid growth. "We are working diligently with our new partners, Jerusalem-Sky, to bring web-based spa management technologies to the market," comments Kobi Freund, CEO of InterAge. "This huge global market offers great opportunities for high value projects in the tens of thousands of dollars and significant growth. With the basic engine in place, we look forward to highly profitable contracts. We are also developing a revolutionary business-to-business search engine with an Italian partner for the European market. We expect to see explosive growth shortly after its launch." InterAge recently signed another strategic agreement with ifthen, LLC, to give the Company a marketing presence and a greater product offering in the U.S. and Latin America.
About InterAge
InterAge Ltd., established in 1994, specializes in providing a comprehensive business and marketing approach to web marketing. The company operates under the trade name of ID-Knowledge and offers unique marketing design, development, and advanced web marketing technology to give clients an integrated web marketing solution. These solutions include, formulating marketing concept and strategy, market research, managing email marketing, search engine optimization, and web design.
For more information, please contact kobi@id-knowledge.com or visit us on the Web at http://www.id-knowledge.com
Forward-Looking Statements
Certain statements in this news release may contain "forward-looking" information within the meaning of the Federal securities laws. All statements, other than statements of fact, included in this release may include forward-looking statements that may involve risks and uncertainties. There can be no assurance that such statements will be accurate and actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances or to reflect unanticipated events or developments.