Accent Receives New Capital; Gotham Bay Partners Invests in Internet Strategy

Jul 15, 1999, 01:00 ET from Accent Software International

    COLORADO SPRINGS, Colo., July 15 /PRNewswire/ -- Accent Software
 International (OTC Bulletin Board:   ACNTF, ACNUF) today announced that Gotham
 Bay Partners, LLC. has committed to the company $2 million in equity financing
 at $0.21 per share.  In addition to the equity investment, Gotham Bay will
 play an active role developing strategic alliances for the company's Internet
 strategy.
     "We are pleased with the financing and the active role that Gotham Bay
 will take with Accent," stated Todd Oseth, president and CEO.  "We have come a
 long way to turn around the company and our Internet product lines,
 LanguageWare and Loc@le 2.0, are starting to see good returns.  It is clear
 that businesses are recognizing that taking full advantage of the Internet
 means business media and communications need to be in local languages."
     "Accent has had continuous improvement in the bottom line over the last
 four quarters," stated Bryan Johnson, chairman and CEO of Gotham Bay.  "We are
 committed to the Internet strategy that has been started and want to help the
 company grow to be a dominate force in serving Internet customers with
 translated media."
     The terms of the agreement include a $2 million commitment to purchase
 common stock at $0.21 per share in three installments.  The first installment
 for the purchase of $500,000 in common stock is expected to close today.  The
 second and third equal installments are based on the development of a
 strategic partner by Gotham Bay and Accent.  The shares will be locked up for
 6 months after issuance.  In addition, the company will propose the addition
 of two board seats to the Accent board of directors to be filled by
 representatives of Gotham Bay.
 
     Portions of this press release contain historical information and
 forward-looking statements.  Statements looking forward in time are included
 pursuant to the "safe harbor" provision of the Private Securities Litigation
 Reform Act of 1995.  Such statements involve known and unknown risks and the
 Company's actual results in future periods may be materially different from
 any future performance suggested herein.
 
     About Gotham Bay Partners LLC: Gotham Bay is a Denver-based private equity
 firm focused on financing emerging growth technology enterprises.  For more
 information, please call 303-446-9252.
 
     About Accent Software International: Accent Software International,
 founded in 1988, is an Internet company that provides software products and
 services that help internationalize software and media in any language.
 Accent's current products and services are enabling the Internet with media
 that facilitate global communication.  For additional information visit the
 company's Web sites at: http://www.accentsoft.com/ and
 http://www.LanguageWare.net.
 
 

SOURCE Accent Software International
    COLORADO SPRINGS, Colo., July 15 /PRNewswire/ -- Accent Software
 International (OTC Bulletin Board:   ACNTF, ACNUF) today announced that Gotham
 Bay Partners, LLC. has committed to the company $2 million in equity financing
 at $0.21 per share.  In addition to the equity investment, Gotham Bay will
 play an active role developing strategic alliances for the company's Internet
 strategy.
     "We are pleased with the financing and the active role that Gotham Bay
 will take with Accent," stated Todd Oseth, president and CEO.  "We have come a
 long way to turn around the company and our Internet product lines,
 LanguageWare and Loc@le 2.0, are starting to see good returns.  It is clear
 that businesses are recognizing that taking full advantage of the Internet
 means business media and communications need to be in local languages."
     "Accent has had continuous improvement in the bottom line over the last
 four quarters," stated Bryan Johnson, chairman and CEO of Gotham Bay.  "We are
 committed to the Internet strategy that has been started and want to help the
 company grow to be a dominate force in serving Internet customers with
 translated media."
     The terms of the agreement include a $2 million commitment to purchase
 common stock at $0.21 per share in three installments.  The first installment
 for the purchase of $500,000 in common stock is expected to close today.  The
 second and third equal installments are based on the development of a
 strategic partner by Gotham Bay and Accent.  The shares will be locked up for
 6 months after issuance.  In addition, the company will propose the addition
 of two board seats to the Accent board of directors to be filled by
 representatives of Gotham Bay.
 
     Portions of this press release contain historical information and
 forward-looking statements.  Statements looking forward in time are included
 pursuant to the "safe harbor" provision of the Private Securities Litigation
 Reform Act of 1995.  Such statements involve known and unknown risks and the
 Company's actual results in future periods may be materially different from
 any future performance suggested herein.
 
     About Gotham Bay Partners LLC: Gotham Bay is a Denver-based private equity
 firm focused on financing emerging growth technology enterprises.  For more
 information, please call 303-446-9252.
 
     About Accent Software International: Accent Software International,
 founded in 1988, is an Internet company that provides software products and
 services that help internationalize software and media in any language.
 Accent's current products and services are enabling the Internet with media
 that facilitate global communication.  For additional information visit the
 company's Web sites at: http://www.accentsoft.com/ and
 http://www.LanguageWare.net.
 
 SOURCE  Accent Software International