CAMPBELL, Calif.--(BUSINESS WIRE)--March 10, 1999--Nettaxi Inc. (OTC BB:NTXY), a provider of preeminent online communities with more than 100 million monthly ad impressions, today announced that it has licensed 3DShopping Technology from Pi Graphix, Inc. (OTC BB:PGRX) to enhance citizens' e-commerce storefronts.
This proprietary software enables an online merchant to create a shopping experience that is informative, creative and entertaining. Shoppers can view products such as apparel, flowers, gifts, antiques and art objects in an interactive environment. A selected product can be rotated 360 degrees and annotated with a detailed, text-based description, including swatches and options.
3Dshopping Technology will also enable Internet users to select colors, examine textures in detail and view how clothing fits on real models, a demonstration of which can be viewed at www.3dshopping.com/whatsnew.
Nettaxi will offer 3Dshopping Technology to its citizens as an additional service. The application is pure Java and does not require a web browser plug-in, providing ease of use for both the merchant and the shopper. Nettaxi will provide citizens and visitors quick access to 3DShopping.com, Pi Graphix's online shopping mall, via navigational links on the Nettaxi.com homepage and in relevant community areas.
"Being prominently featured in the Nettaxi system is expected to substantially increase daily page views at www.3dshopping.com. We expect that the increase in traffic will correlate to an increase in orders," said Lawrence Weisdorn, president of Pi Graphix, Inc.
"Nettaxi is committed to providing an exceptional community experience for its citizens," said Dean Rositano, president of Nettaxi. "The licensing agreement with Pi Graphix will enable Nettaxi to enhance services and content, strengthening our competitive position as a provider of premier Web-based communities. In addition, Nettaxi will receive revenues from banner advertising and co-branding activities with Pi Graphix, thus increasing shareholder value."
About Nettaxi, Inc. (http://www.nettaxi.com)
Nettaxi, Inc., headquartered in Campbell, is a provider of preeminent online communities. Through its web site at http://www.nettaxi.com and its connected CD-ROM product "Internet The City," Nettaxi provides access to content and services such as free e-mail and personal home pages.
Nettaxi's various communities provide citizens access to news, search engines, arts and entertainment information, government records, financial data, educational materials, and sports information. Nettaxi is the first online community to use the eCharge transaction system (http://www.echarge.com) in conjunction with e-commerce, allowing consumers to charge online purchases to their monthly telephone bills rather than to credit cards.
About Pi Graphix, Inc. (http://www.pigraphix.com)
Pi Graphix, Inc. is a premier developer and provider of full-service, E-Commerce software tools and solutions for high-end, multimedia content retailers. Merchants benefit from either signing up a storefront in Pi Graphix's 3Dshopping.com online store or by having Pi Graphix build a stand-alone site or a custom shopping wing within their existing site.
Safe Harbor Statement
Investors should carefully consider the preceding information as well as other information contained in this press release before making an investment in the Common Stock. Information contained in this press release contains "forward-looking statements" which can be identified by the use of forward-looking terminology such as "believes," "expects," "may," "should," or "anticipates" or the negative thereof or given that the future results covered by the forward-looking statements will be achieved. The preceding matters constitute cautionary statements identifying important factors with respect to such forward-looking statements, including certain risks and uncertainties that could cause actual results to vary materially from the future results covered in such forward-looking statements. Other factors could also cause actual results to vary materially from the future results covered in such forward-looking statements.
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