EXHIBIT 99.1
FOR IMMEDIATE RELEASE
EDUVERSE.COM CO-FOUNDER, PRESIDENT & CEO RESIGNS
Reno, Nevada, October 10, 2000 -- Mark E. Bruk, Co-Founder of eduverse.com(TM)
(OTC BB: EDUV), announced today his resignation as President, Chief Executive
Officer and Chair of the Board of eduverse.com to pursue other interests. Marc
Crimeni, Co-Founder and formerly Executive Vice President of eduverse.com, has
been appointed CEO, President and Chair of the Board of Directors.
The Company wishes Mark success in his new endeavors.
"eduverse.com is well positioned to take advantage of the products, brands and
strategic relationships the Company has built over the past two years," stated
Marc Crimeni, President and CEO of eduverse.com. "Over the next Quarter, the
Company will be focused on releasing a new premium suite of products, adding
ed-commerce to our freeENGLISH.com web site, leveraging our existing global
relationships, and hiring an in-house investor relations professional to assist
in communicating the true value of eduverse.com's significant accomplishments."
About eduverse.com
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eduverse.com is building the world's largest networked audience by partnering
with Ministries of Education. Worldwide there are more students on Ministry of
Education networks with daily computer access than there are Internet users. The
Company is partnered with Ministries of Education in China, Thailand and
Malaysia, and is on schedule to complete 18 additional partnership agreements,
which combined represent over 650 million students, by 2001.
With its proprietary technology, the Company currently offers Global 100
advertisers, such as IBM, Ford Motor and General Electric, the most advanced
targeting and delivery system for advertisements available today. The Company's
technology can deliver advertisements targeted by age, gender, school, city,
country, date-range, time span and specialty elements via Intranets, the
Internet and CD-ROM.
eduverse.com also provides educational content to some of the Internet's leading
players including: AOL.com, StarTV.com, Sina.com, Acer's 1to80.com, learn2.com,
ZapMe.com, Parlo.com and eHOLA.com. The Company's products are also available at
its web portal www.FreeEnglish.com.
eduverse.com is based in Reno, Nevada. For more information on the Company, call
(604) 623-4864 or visit the Company's corporate web site at www.eduverse.com or
email [email protected].
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor"
for forward-looking statements. Some information included in this press release
contains statements that are forward-looking. Such forward-looking information
involves significant risks and uncertainties that could affect anticipated
results in the future and, accordingly, these results may differ materially from
those expressed in any forward-looking statements made by or on behalf of the
company. For a description of additional risks and uncertainties, please refer
to the company's filings with the Securities and Exchange Commission.
Investor Relations
Contact: Vaughn Barbon
Tel: (877) 623-4864, (604) 623-4869
Email: [email protected]
