AOL UK Signs Major Reference Content Deal with

Versaware NEW YORK (ots-PRNewswire) - Versaware Technologies, pioneers in electronic content conversion, announced the signing today of a long-term agreement to provide both reference titles and technology to AOL UK, part of the world's leading Internet online service provider, for use as part of AOL UK's range of online content. Initially the deal calls for Versaware to provide AOL UK with a wide range of Versabook(R)-format reference titles during the course of 1999. The first of these titles is a UK version of Roget's Thesaurus (The Oxford Thesaurus) which is accessible from AOL's Learning Channel. "For AOL UK, this deal will allow us to continue to provide high quality reference content to our UK subscriber base. We seek to offer our members content from highly respected publishing houses, which to date has involved a lengthy conversion process," said Frank Keeling, Director of Business Development at AOL UK. "Versabook Technology has revolutionized this process, and we look forward to working with a company like Versaware, a pioneering force in advanced Internet content conversion and delivery technology." "Consumers are continuously demanding better and more interactive information available over the Internet. AOL UK is setting the standard for Europe, and Versaware is proud to empower AOL's next generation of content," added Harry Fox, CEO of Versaware. Versaware's patent-pending technologies convert reference titles, textbooks and other content into an attractive, versatile electronic multimedia format called Versabook. The company can create this electronic content quickly, easily and at a fraction of the current cost of content transformation. Versabooks can be viewed online or downloaded over the Internet and provide a range of advanced applications, most prominently the ability to search across multiple books simultaneously. Multimedia enhancements provide users with animations, pictures, sounds, music, maps and more.

About Versaware Technologies Inc. Versaware Technologies is redefining the way we learn about the world in which we live. Pioneers in the digital content revolution, Versaware's breakthrough patent-pending technologies rapidly and inexpensively convert any content into a rich multimedia format called the Versabook(R). Headquartered in New York City, Versaware has Sales and Marketing offices in Silicon Valley and Research and Development facilities in Jerusalem, Israel. Recent partnerships with leading publishers and strategic alliances include AOL UK, Pearson Education, Oxford University Press, Random House, Primedia, Merriam Webster, ICTV, Websurfer and others. For more information visit http://www.versaware.com.

About AOL UK America Online operates two worldwide Internet online services: AOL Interactive Services with more than 16 million members and CompuServe, with more than 2 million members. AOL UK is part of a joint venture established in March 1995 by America Online Inc. and Bertelsmann AG, Europe's largest media group, to bring innovative interactive services to the European market. With revenues of approximately $13 billion, Bertelsmann AG is a global group of companies in book, magazine and newspaper publishing and distribution, music and entertainment, radio, television, video, printing and manufacturing. Among its best- known enterprises are RCA and Arista Records, the Bantam Doubleday Dell Publishing Group, Book Club Associates and Gruner & Jahr. The joint venture AOL Bertelsmann Europe is, with its two AOL and CompuServe brands, the leading pan-European Internet Online service with over 2.4 million members. In the UK, AOL has over 600,000 members. For a comprehensive archive of AOL press releases, visit: http://www.aol.co.uk/press ots Original Text Service: Versaware Technologies Internet: http://www.newsaktuell.de Contact: Tony Telloni of Ruder Finn NY, 212-593-6393, or Charley Levine, of Ruder Finn Israel, +972- 2-561-2005, both for Versaware; or Rachel O'Neill of AOL UK, +44- 171-594-4571 Web site: http://www.aol.co.uk/press Web site: http://www.versaware.com

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