HSW International and Sharecare Extend Services Agreement
31 Janvier 2011 - 2:00PM
HSW International, Inc. (Nasdaq:HSWI), a leading developer and
operator of next-generation web publishing platforms combining
traditional web publishing with social media, today announced the
extension of its agreement to provide web platform management and
support services to Sharecare through December 31, 2011.
HSW International is a founding partner of Sharecare and
provided the original technology development services for Sharecare
through its Web Platform Services division. These services resulted
in a Web 3.0 platform that features interactive questions and
answers combining expert content and social media and enabling
efficient and intuitive consumption of trusted content. HSW
International began development for Sharecare in July, 2009, and
Sharecare.com was launched in October, 2010.
"Sharecare is an important customer and we're pleased to
continue providing Web 3.0 platform services for another year,"
said Greg Swayne, Chairman and Chief Executive Officer of HSW
International. "As a co-founder and equity partner of Sharecare,
we're excited about the potential of the Sharecare website to
revolutionize the way people search and exchange information over
the internet, validating the Web 3.0 concept. With this contract
signed, we're now working to secure new service agreements and
develop other content verticals outside of health and wellness that
lend themselves to the Web 3.0 platform."
HSW International and the other founding partners of Sharecare
have a license to use the Sharecare Web 3.0 platform for their own
businesses outside of the health and wellness markets.
About HSW International
HSW International, Inc. (Nasdaq:HSWI) is a leading developer and
operator of next-generation web publishing platforms combining
traditional web publishing with social media. The company's Web 3.0
platform is revolutionizing the way people search and exchange
information over the internet. HSW International's Web 3.0 platform
powers Sharecare, which provides a simple, easy way for consumers
to get high quality answers to the questions of health, provided by
trusted experts. HSW International is a co-founder of Sharecare
along with Dr. Mehmet Oz, Harpo Productions, Discovery
Communications, Sony Pictures Television and Jeff Arnold, the
founder of WebMD. HSW International is currently developing other
content areas that lend themselves to the Web 3.0 platform. HSW
International is also the exclusive licensee in China and Brazil
for the publication of translated content from Discovery
Communications' HowStuffWorks.com. For more information visit the
company's website at www.hswinternational.com.
Forward-Looking Statements
This press release contains "forward-looking statements," as
defined in Section 27A of the Securities Act of 1993, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended.
Forward-looking statements may be in the future tense, and often
include words such as "anticipate", "expect", "project", "believe",
"plan", "estimate", "intend", "will" and "may". These statements
are based on current expectations, but are subject to certain risks
and uncertainties, many of which are difficult to predict and are
beyond the control of HSW International. Relevant risks and
uncertainties include those referenced in HSW International's
filings with the SEC, and include but are not limited to: our
losses and potential need to raise capital; successfully supporting
the Sharecare platform; reliance on third parties such as Sharecare
and its other founders and contributors; restrictions on
intellectual property under agreements with Sharecare and third
parties; challenges inherent in developing an online business;
reliance on key personnel; risks of business in foreign countries,
notably China and Brazil, including obtaining regulatory approvals
and adjusting to changing political and economic policies;
governmental laws and regulations, including unclear and changing
laws and regulations related to the internet sector in foreign
countries, especially China; general industry conditions and
competition; and general economic conditions, such as advertising
rate, interest rate and currency exchange rate fluctuations. These
risks and uncertainties could cause actual results to differ
materially from those expressed in or implied by the
forward-looking statements, and therefore should be carefully
considered. HSW International assumes no obligation to update any
forward-looking statements as a result of new information or future
events or developments, except as required by law.
CONTACT: Investor Relations Contact:
Stephanie Prince/Jody Burfening
Lippert/Heilshorn & Associates
T: 212-838-3777
sprince@lhai.com
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