Significantly Enhances Smith Micro's Position in the Wireless, Retail, and Internet Marketplaces
ALISO VIEJO, CA (August 1, 2000) - Smith Micro Software, Inc. (Nasdaq: SMSI), a developer and marketer of a wide range of software and service solutions for the wireless and Internet markets, today announced it has entered into a definitive agreement with TouchStone Software Corporation for the acquisition of the entire Touchstone CheckIt® line of software products. The acquisition is expected to close prior to the end of the third quarter. Smith Micro will use the CheckIt products and award winning technologies to strengthen its position in software solutions for the wireless and Internet markets.
Smith Micro will market the products under the Smith Micro CheckIt brand including: CheckIt® NetOptimizer, CheckIt® Utilities; CheckIt® FastMove®; and CheckIt® Suite. CheckIt NetOptimizer has earned awards and accolades from WINDOWS Magazine, PC World, Computer Shopper, PC Magazine and other publications. The CheckIt Utilities and FastMove products both received five star ratings by PC Magazine as top general system utilities software programs in April 2000.
CheckIt NetOptimizer analyzes and optimizes wireless, broadband and dialup Internet connections for maximum performance. CheckIt Utilities enables users to uncover potential problems, check PC performance and assess system reliability; features include Windows NT support as well as anti-virus software. CheckIt FastMove is a file synchronization and transfer program for users who work on multiple PC's and also includes file management utilities to organize hard drives by compressing and archiving unused files, identify duplicate or orphaned files, and execute global searches on any number of hard drives. These products will also be included as components in the CheckIt Suite product. All four products are expected to be available under the Smith Micro CheckIt brand at major retail chains or through Smith Micro's web site at http://www.smithmicro.com/ later this quarter. These products will also be available in special versions for OEM customers along with CheckIt Factory Edition, targeted at PC manufacturers for factory testing and burn-in.
"The synergistic nature of the CheckIt product line will allow us to better penetrate our markets by providing our customers with a greater array of leading technologies and products," said William W. Smith, Jr., President and CEO of Smith Micro. "A major factor in our decision to acquire these new technologies is our belief that CheckIt NetOptimizer will play a significant roll in the wireless market. CheckIt NetOptimizer will allow us to increase the transfer rates of digital wireless connections, where bandwidth is at a premium. CheckIt NetOptimizer will be offered to wireless service providers and handset manufacturers either as an add-on product, or as part of our QuickLink Mobile 2000 offering."
"The acquisition also allows us to leverage our established retail and etail channel strengths while penetrating new markets and diversifying our current business model," continued Mr. Smith. "CheckIt products have a strong history of providing solid diagnostics and utility software to PC users. The industry acknowledgement of the CheckIt products through awards and reviews demonstrates the value and unique capabilities of these software products."
About Smith Micro
Smith Micro Software, headquartered in Aliso Viejo, CA, is a developer and marketer of eCommerce and communication software products and services. The company designs integrated, cross platform, easy-to-use software for personal computing and business solutions around the world. With a focus on the Internet, Wireless, and Broadband technologies, the company's products enable eCommerce, Internet communications (voice-over-IP), video conferencing, wireless communications, and network fax, along with traditional computer telephony.
Smith Micro's complete line of products is available through direct sales, retail stores, value-added resellers (VAR's) and original equipment manufacturers (OEM's). Smith Micro's common stock trades on The Nasdaq Stock Market® under the symbol SMSI. For more information, contact Smith Micro at (949) 362-5800 or visit the company's web site at: http://www.smithmicro.com/.
This release may contain forward-looking statements that involve risks and uncertainties. Among the important factors which could cause actual results to differ materially from those in the forward-looking statements are economic, competitive, governmental and technological factors affecting the company's operations, markets, products, services and prices, as well as other factors detailed in the company's filings with the Securities and Exchange Commission including its recent filings on Forms 10-K & 10-Q.For additional information on Smith Micro at no cost, please call1-800-PRO-INFO and enter ticker symbol SMSI.