Knowledge Foundations, Inc.
Investor Relations: (626) 444-5494
Stock Symbol: OTC BB: CPSJ
FOR IMMEDIATE RELEASE
Calipso, Inc. merger with Knowledge Foundations, Inc. completed
Company to market breakthrough "knowledge-based" computing
technology
Westminster, California, Sept. 21, 2000 (BUSINESS WIRE) -
Calipso, Inc. (OTC BB : CPSJ), a Delaware corporation, announced
today that it has completed its merger with Knowledge
Foundations, Inc. (KFI), a California-based firm that develops
and licenses innovative knowledge management software.
The company has changed its name to Knowledge Foundations, Inc.
("KFI") effective immediately and will begin trading under the
new symbol "KNFD" on the OTC Bulletin Board beginning September
21, 2000. The management and Board of Directors of Knowledge
Foundations, Inc. have assumed management and Board control of
Calipso.
KFI plans to enter the rapidly growing knowledge management
market with a series of new knowledge management software tools
and knowledge base engineering services.
Knowledge Foundations' software products are best described as
knowledge-based engineering and application development tools.
Whereas current information processing applications are limited
to informational data content with predictable outcomes, KFI's
software will use coded human knowledge to assist a user in
solving and managing unpredictable problems by answering complex
questions such as how, why, and most important - what if?
According to the company's Chairman and Chief Scientist, Dr.
Richard Ballard, "Information based computing is the process most
familiar to all of us. It describes accurately the hi-tech
industry and the post-industrial revolution of the past half-
century. Knowledge-based computing is revolutionary and adds a
new dimension and paradigm to traditional computing
technologies."
KFI's technology will allow organizations to permanently store
lessons learned, contracted work products, and intellectual
capital as a "knowledge base". The company's technology captures,
codifies and integrates virtually any form of knowledge into
easily accessed and marketable formats. The application of KFI's
software tools will provide a production process for building
small to large knowledge bases and assist companies in managing a
most important asset -- knowledge.
IDC, a leading research and analyst firm in the IT sector,
forecasts worldwide knowledge management spending will skyrocket
from US $2 billion in 1999 to more than $12 billion by 2003.
Michael Dochterman, President and CEO of Knowledge Foundations
says, "Our software tools will change forever the value of
knowledge by converting what was once intangible into a tangible,
manageable and transferable asset. Top decision makers and
skilled workers alike will be able to instantly access
intellectual capital that was previously only available in the
heads of others. This is important because, although computers
may be created equal, computer users are not. The goal is to
enable individuals to reuse an expert's knowledge, without having
to incur the high cost of discovering and relearning the process,
theories and conclusions the expert developed first."
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KFI's strategy is to market its software tools and establish its
unique technology as the most widely used solution for knowledge-
based computing. The company plans to market its products and
knowledge base production services worldwide through licensing
and joint venture agreements with OEMs, Systems Integrators,
Value Added Resellers (VARs), and IT consultants.
About Knowledge Foundations, Inc.
Knowledge Foundations, Inc. holds the exclusive rights to
knowledge-based computing software tools developed over the past
12 years by Chairman and Chief Scientist, Dr. Richard Ballard.
Previous versions of the software have been used in a variety of
government applications for the US Navy, US Air Force, US Army
Strategic Defense Command, NASA's Johnson Space Center and
others. Knowledge Foundations' software operates transparently
within the MS-Windows environment and has the capacity to capture
virtually any form of knowledge, and to code it for increased
processing speed, storage capacity and intuitive access to
knowledge.
For more information, visit www.knowledgefoundations.com or
contact Knowledge Foundations, Inc. at (626) 444-5494.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995
This release contains forward-looking statements (as such term is
defined in the Private Securities Reform Act of 1995), including
statements about potential future sales, that are subject to
risks and uncertainties, including but not limited to, KFI's
ability to enter the knowledge management market with its
management software tools and knowledge based engineering
services. The risks and uncertainties to which these statements
are subject include the impact of competitive products and
pricing, product demand and market acceptance, reliance on key
strategic alliances, fluctuations in operating results and other
risks detailed from time to time in the Company's filings with
the Securities and Exchange Commission.
