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InterAge Well Under Way in High Profit Contracts Friday March 18, 9:30 am ET Company's Broad Mix of Projects and Joint Ventures Already Show Signs of Banner Revenues for the Year
CESAREA, Israel, March 18, 2005 (PRIMEZONE) -- InterAge Ltd. (Other OTC:ITGJ.PK - News), 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.
ADVERTISEMENT 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.
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