News on iQrom (OTC BB: IQCO) :: iQROM Communications, Inc. (IQCO)

Newsletter

June 20, 2000

Volume III, Issue 50

Email : info@otcjournal.com
URL : http://www.otcjournal.com

To OTC Journal Members:

News >From Datek

We often receive emails from our members wondering what firm is best to trade OTC BB stocks with. Today Datek announced that they are now allowing on-line trades of Bulletin Board stocks for $9.99 per trade. We know that many of our members trade with Datek, so this will be welcome news. If you have a Datek account you can now do your OTC BB trades on line with them.

This is another important step in the process of making the OTC Bulletin Board a quality exchange where the individual investor has an equal chance of experiencing significant gains.

News on iQrom (OTC BB: IQCO)

Today there was an important news release issued by iQrom, our current profile. Although the market has yet to pick up on the significance of this development, we believe that today's news is a key stepping stone on iQrom's path to becoming a dominant force in the CD Rom industry. This stock does not have a following in the market yet, but we are convinced that one will develop as the company begins to announce contracts associated with its unique CD Rom product offerings. We are giving you the competitive investing edge by providing this information before the company is widely followed by Wall Street.

If you are not familiar with this company or missed the original profile, simply click here and you will be taken directly to it. It would be worth your time to familiarize yourself with what we believe might become the strongest company we have ever featured. The best performing stock we have ever covered was NetSol International (NASDAQ: NTWK) which we started with at $3.81 in January of 1999. Fifteen months later the stock hit $75, and today is still over $30. We visualize the possibility for this type of performance out of iQrom.

iQrom holds the exclusive rights to use software developed by UK based iOra Corp. The breakthrough software, known as Epsilon, allows iQrom's CDs to update information pulled off the Internet 100 times faster than competitive products. To learn more about Epsilon, click here and you will be taken directly to the web page at iOra's site which describes this unique software.

Until today iQrom had secured the exclusive right to use the Epsilon software in its unique business card sized CD Rom. Today's announcement expands that agreement to include full sized CD Roms.

Therefore, from here forward, any manufacturer wishing to incorporate this software into an updateable CD Rom, or SoftCD, will have to do business with iQrom.

This technology effectively marries two formats for delivering information into one solution. The delivery mechanism of the CD is combined with the Internet to create a powerful information tool for the delivery of any kind of content you can imagine.

We view this as a very positive development for iQrom. The credit card sized CD Rom is not widely used in the corporate environment yet. However, the normal sized CD as a delivery mechanism has already become accepted. Just look in your mailbox at the number of free CDs you have received from AOL and other ISPs.

Industry estimates project that 5 billion CD Rom's will be manufactured in 2002. Corporations are rapidly embracing the CD Rom as a replacement for traditional print materials.

The updateable feature becomes a cost-savings factor for the Corporation. Not only is the CD less expensive to produce than printed material, it also has much greater impact. If the CD is updateable, then the Corporation only has to produce it once. From there users will get the most current updated information automatically when the user runs the CD. This will save companies millions of dollars and improve the content delivered to the user. According to the press release, based on today's costs, a company distributing 100,000 CDs per month would enjoy a cost savings of $2 million annually, while enjoying the benefit of delivering the most current content each time the CD is loaded and viewed.

We couldn't be more excited about the implications for the future of iQrom. We hope this exclusive licensing arrangement will allow the company to begin to generate significant sales with their SoftCD product sooner than we originally anticipated.

If you are an aggressive investor with the a reasonable level of risk tolerance you should have at least a small position in this stock. You can always add to it later if fundamental developments dictate increasing your holding.

Here is the complete text of the news release for your review:

For Immediate Release

iQrom Unveils New Updateable CD Format that Marries the Internet and the CD

Barcelona, Spain,June 20, 2000-US digital communications firm iQrom Communications, Inc. (OTC BB: IQCO; web site: www.iqrom.com), appearing at the Advanced Recordable Media 2000 Conference here, launched today a revolutionary new CD format, the CD-U the updateable CD.

The new format utilizes iOra's (web site: www.iora.com) SoftCD™ technology, which compares the original and new versions of any digital data and creates an amendment file incorporating only the variations from the original data. This file is then integrated via the Internet through the user's hard drive, effectively resulting in a new CD-ROM on which the publisher can change and update the content.

iOra has agreed to grant the Company exclusive worldwide rights to the technology.

iQrom already enjoys worldwide rights to adapt the technology in a narrower application, an updateable CD card, a business card-sized medium playable on any CD device and also updateable via the Internet employing SoftCD technology. These cards have a capacity of up to 35 megabytes of information. The agreement announced today extends these rights to the larger CD format in all global markets. Christened "CD-U", for "updateable", the new format will have storage capacity of up to 650 MBs in the CD implementation and more than four gigabytes in the DVD version. This capacity can manage up to five million text pages, a million web pages, or several hours of high-tech media video.

Paddy Falls, chief executive Officer of iOra, commented, "We are very excited to be extending our partnership with iQrom to bring this unique new CD technology to market. The combination of iQrom's sales and marketing skills in the digital communications market and iOra's unique software technology comprise an ideal collaboration.

" According to Tom Elek, iQrom's president and chief executive, "The ubiquity of the CD and its rapid growth reflect the powerful benefits the medium brings to publishers of digital content. By marrying the CD's power as a storage medium with the immediacy of the Internet, we can make new strides in the timely and cost-effective management of information globally."

"For the publisher distributing 100,000 CDs each month, given prevailing manufacturing, packaging and mail costs, the new format promises savings of over $2 million annually-and much more timely data delivery to the users," Elek illustrated.

iQrom's chief executive noted that his company's technology, combined with its manufacturing and design skills will enable early adopters to obtain sole-source, end-to-end implementations in the new medium directly from iQrom and that the Company is also in discussion with various partners, resellers and others.

"Our intent is to propagate this powerful technology wherever its features can benefit digital publishers and those who support them. We are enthusiastic about all forms of collaboration," he said, noting that "establishing CD-U as a new format will benefit from the large, growing installed base of CD drives, ever-growing CD manufacturing capacity, and the rising global popularity of the Internet itself.

"CD-ROM production continues to climb at a rapid rate-from over 3.5 billion units in 1998 to an estimated 5.1 billion units in 2002; DVD units are projected to climb from 172 million to 3.2 billion units over the same period," Elek noted.

"CD-U is the product of the inevitable marriage of the Internet with the CD medium, facilitating secure links and transactions, quality video content, enormous storage capacity and data distribution power, and a multitude of user benefits-all at low cost," he concluded.

iQRom Communications, Inc. is a leading New Media company specializing in CD-based solutions and support services for integrating corporate e-commerce communications strategies. Earlier this year, the Company completed a $12.375 million financing, listed its shares on OTC's Bulletin Board, opened its first US office and began recruiting US staff to support anticipated growth. The Company is enjoying rapid acceptance of its iQrom CD cards, sold under an exclusive US patent license agreement, and is well positioned to dominate the emerging US market for CD cards and to pioneer the new format premiered today in Barcelona.

iOra develops and markets eSolutions for mobile professionals. iOra's products allow businesses to provide up-to-date business-critical information to remote and mobile users, with the benefits of improved management and security of information. iOra was started in 1997 by four internet data replication experts who have worked together since 1989. In 1999, iOra received $3 million in venture funding from MTI Partners.

At the heart of iOra's products is its unique, patent-pending Epsilon Technology, which performs internet updates at up to 100 times faster than competitive products. Using Epsilon technology, update information can be transparently downloaded during normal email or browsing activity-even over low-bandwidth and wireless applications.

This news release may include statements that constitute forward-looking statements, usually containing the words "believe", "estimate", "projects" or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results or differ materially for the forward-looking statements. By making these forward-looking statements, the company undertakes no obligation to update these statements for revisions or changes after the date of this document.

For more information contact:
IQrom Communications
Mr. Aldersey Maynard-Taylor
44-207-493-3211
aldy@iqrom.co.uk
-----------------------------
Investor Access Corporation
Mr. Michael Seely
(212) 679-0652
mseelyatiac@aol.com
-------------------------------
US Marketing: John Bromhead, iOra, Inc.
(858) 642-2501
John_Bromhead@iOra.com
-------------------------------
Linden Alschuler & Kaplan, Inc.
Mr. Michael Friedman
(212) 575-4545
mfriedman@lakpr.com
-------------------------------
Europe/International Marketing
Geoff Wells, iOra, Ltd.
44-1256-307-823
Geoff_Wells@iOra.com
-------------------------------
Shandwick International
Mr. Andrew Millington
44-207-905-2444
amillington@shandwick.com

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