iPerceptions - Chef de file des fournisseurs de services d’analytique attitudinale axée sur le web

Montreal, August 24, 2000 -- Continuing to leverage the convergence of telecommunications, information technology and content, Telesystem Ltd. (www.telesystem.ca) today announced that it has invested $11.5 million (US) in three rapidly-growing companies active in the development of innovative Internet-related products, applications and solutions. In addition to the initial investment, Telesystem will also provide all three companies with strategic and networking support.

"This investment is consistent with our strategy of creating value at the intersection of the telecom, information technology and content industries," said Charles Sirois, Chairman of the Board and Chief Executive Officer of Telesystem. "We believe these and future investments in similar enterprises complement our existing assets and further position Telesystem to fully exploit opportunities in the Digital Economy."

The three companies receiving funding from Telesystem include:

• iPerceptions, Inc.( www.iperceptions.com), an Application Service Provider (ASP) based in New York with offices in Montreal, recently launched a unique optimizing solution, WebValidator, that determines the value of corporate and e-commerce Web Sites to users and monitors performance, enabling modifications to maximize utility and traffic over the Internet.
• POPcast, Inc. (www.popcast.com), based in Los Angeles, is an infrastructure provider of self-serve webcasting solutions to Web portals, network service providers and corporations. Its self-publishing automated platform simplifies the process of sharing visual experiences over the Internet. Corporations use the companys services to strengthen their personal connection to partners and clients by incorporating videos into such messages as online sales presentations, product showcases and video business cards. POPcast plans to develop new offerings including wireless personal video services.
• Vertigo Computer Solutions Inc. (www.vertigo.net), based in Montreal, develops and distributes content automation systems for live Internet Web sites using real-time data feeds coupled with streaming video and other interactive components. Producer ON AIR(TM), the company's main platform for developing live broadcast productions, allows web users to interactively participate in on-line polling, with results broadcast in real-time on live television, the Internet, interactive TV, and wireless devices. Clients include many of the world's leading broadcasters, and their technology is used by Dateline NBC for viewer feedback and Court TV for interactive viewer polling during live court cases.

"These companies are in the forefront of the development of solutions that tap the power of the Internet, while at the same time, sharing and enabling content for new applications," added Mr. Sirois. "We have just scratched the surface in terms the eventual impact of the Internet on commerce and society. Despite the recent market correction in the technology sector, this is where tremendous value will be created in the years to come."

Telesystem Ltd. is a private company focused on profit-oriented growth enterprises in the Digital Economy. The Company includes both a network of operating companies in wireless and broadband communications infrastructure, and synergistic enterprises, mainly in the development of mobile Internet services and Web-centric business solutions, through its specialized venture capital funds or direct investments. Active on a global scale, Telesystem is recognized for its ability to identify and realize value.

FOR INFORMATION:

MICHELE BEAUBIEN
Director, Communications
Telesystem Ltd.
(514) 397-8478
mbeaubien@telesystem.ca