Reuters and ActiveBuddy Join Forces to Deliver News And Information Through Instant Messaging

Apr 18, 2001, 01:00 ET from ActiveBuddy, Inc.

    NEW YORK, April 18 /PRNewswire/ -- ActiveBuddy Inc., the only provider of
 interactive agent technology to messaging platforms today announced an
 agreement with Reuters, the global information, news and technology group, to
 deliver Reuters' content and data through instant messaging (IM) on PC's and
 wireless devices.  ActiveBuddy interactive agent technology(TM) is designed
 for use by instant messaging networks, the enterprise, advertisers, and
 content and service providers across all platforms that support instant
 messaging.  Through this venture, Reuters has selected ActiveBuddy to
 distribute several content feeds for the first time through instant messaging,
 allowing Reuters to publish content, share data and market through the
 fastest-growing segment of the Internet.  Interactive agents fortified with
 Reuters content will soon be available to the over 100 million IM users,
 giving them instant and direct access to current news and information on
 demand.
     "We're pleased to work with ActiveBuddy to open up the IM channel to
 Reuters and to the Reuters audience," said David Silverman, managing director,
 personal finance at Reuters.  "Instant messaging is one of the fastest, most
 efficient ways to disseminate information from the Internet.  Furthermore,
 combining Reuters content with ActiveBuddy's technology allows both of us to
 expand our revenue opportunities as we give rise to a new and improved way for
 the consumer to get the information they want instantly."
     ActiveBuddy interactive agents are very fast, intelligent computer robots
 that are programmed to understand and respond to natural language requests.
 Just like any IM buddy, ActiveBuddy agents can be quickly added to IM users'
 "buddy lists," which allow users to detect when friends, family, and
 colleagues are online and available to chat.   Users send instant messages to
 an ActiveBuddy interactive agent just as they would anyone else on their buddy
 list, and the agent replies with the requested information.  For example, when
 a user asks for the latest news headlines, the agent will pull the requested
 information from the relevant content database, in this case the Reuters
 headline news feed, and send it back to the user via instant messenger -- all
 in less than a second's time.
     "ActiveBuddy is leveraging the essence of Instant Messaging -- fast
 one-to-one communications -- and is taking it further to give users faster and
 more efficient access to the information they want when they want it," said
 ActiveBuddy CEO Peter Levitan.  "At the same time, Reuters and our other
 content partners will benefit by being among the first to publish their
 content through IM -- a virtually untapped and uncluttered medium."
     ActiveBuddy will license several Reuters feeds to be incorporated into
 ActiveBuddy's current beta testing of its technology.  Feeds provided by
 Reuters include: headlines, business and financial news, company news,
 entertainment news, the Reuters/Variety news feed, Internet and technology
 news, sports news, and the "oddly enough" feed.  Future plans for the joint
 service include real-time stock quotes and foreign language feeds.
     The ActiveBuddy patent pending technology is compatible with all
 commercial carrier-grade instant messaging networks including the Microsoft
 MSN Messenger network, America Online Instant Messenger network (AIM), Yahoo!
 Messenger network, and wireless services.
 
     ABOUT ACTIVEBUDDY, INC.
     ActiveBuddy, Inc. develops and markets interactive agents that deliver a
 wide range of personalized content and applications via instant messengers and
 wireless messaging platforms.  ActiveBuddy(TM) interactive agent technology is
 designed for use by instant messaging networks, the enterprise, advertisers,
 and content and service providers across all platforms that support instant
 messaging.  Founded in March 2000, ActiveBuddy is based in New York, NY, and
 Sunnyvale, CA. Principal investors are Wit SoundView Ventures (Nasdaq:   WITC)
 and Reuters (Nasdaq:   RTRSY).  For more information, visit
 http://www.activebuddy.com.
 
     ABOUT REUTERS
     Reuters (about.reuters.com), the global information, news and technology
 group, plays a significant role in the functioning of the financial and media
 markets. Reuters' strategy is to make the financial markets work on the
 Internet. Reuters is the world's largest international news and television
 agency, with 1,957 journalists, photographers and camera operators in 185
 bureaus serving 153 countries, gathering and editing news in 24 languages.
 Reuters' premier position is based on a reputation for speed, accuracy and
 impartiality as well as for continuous technological innovation. Reuters
 supplies news and information to more than 900 Internet Web sites. Instinet,
 an independently managed subsidiary of Reuters, is the world's largest
 electronic agency brokerage firm. It covers the equities and fixed income
 markets.  On June 30, 2000, the group employed 17,067 staff members in
 215 cities in 98 countries. Reuters and the sphere logo are the trademarks of
 the Reuters group of companies.
 
 

SOURCE ActiveBuddy, Inc.
    NEW YORK, April 18 /PRNewswire/ -- ActiveBuddy Inc., the only provider of
 interactive agent technology to messaging platforms today announced an
 agreement with Reuters, the global information, news and technology group, to
 deliver Reuters' content and data through instant messaging (IM) on PC's and
 wireless devices.  ActiveBuddy interactive agent technology(TM) is designed
 for use by instant messaging networks, the enterprise, advertisers, and
 content and service providers across all platforms that support instant
 messaging.  Through this venture, Reuters has selected ActiveBuddy to
 distribute several content feeds for the first time through instant messaging,
 allowing Reuters to publish content, share data and market through the
 fastest-growing segment of the Internet.  Interactive agents fortified with
 Reuters content will soon be available to the over 100 million IM users,
 giving them instant and direct access to current news and information on
 demand.
     "We're pleased to work with ActiveBuddy to open up the IM channel to
 Reuters and to the Reuters audience," said David Silverman, managing director,
 personal finance at Reuters.  "Instant messaging is one of the fastest, most
 efficient ways to disseminate information from the Internet.  Furthermore,
 combining Reuters content with ActiveBuddy's technology allows both of us to
 expand our revenue opportunities as we give rise to a new and improved way for
 the consumer to get the information they want instantly."
     ActiveBuddy interactive agents are very fast, intelligent computer robots
 that are programmed to understand and respond to natural language requests.
 Just like any IM buddy, ActiveBuddy agents can be quickly added to IM users'
 "buddy lists," which allow users to detect when friends, family, and
 colleagues are online and available to chat.   Users send instant messages to
 an ActiveBuddy interactive agent just as they would anyone else on their buddy
 list, and the agent replies with the requested information.  For example, when
 a user asks for the latest news headlines, the agent will pull the requested
 information from the relevant content database, in this case the Reuters
 headline news feed, and send it back to the user via instant messenger -- all
 in less than a second's time.
     "ActiveBuddy is leveraging the essence of Instant Messaging -- fast
 one-to-one communications -- and is taking it further to give users faster and
 more efficient access to the information they want when they want it," said
 ActiveBuddy CEO Peter Levitan.  "At the same time, Reuters and our other
 content partners will benefit by being among the first to publish their
 content through IM -- a virtually untapped and uncluttered medium."
     ActiveBuddy will license several Reuters feeds to be incorporated into
 ActiveBuddy's current beta testing of its technology.  Feeds provided by
 Reuters include: headlines, business and financial news, company news,
 entertainment news, the Reuters/Variety news feed, Internet and technology
 news, sports news, and the "oddly enough" feed.  Future plans for the joint
 service include real-time stock quotes and foreign language feeds.
     The ActiveBuddy patent pending technology is compatible with all
 commercial carrier-grade instant messaging networks including the Microsoft
 MSN Messenger network, America Online Instant Messenger network (AIM), Yahoo!
 Messenger network, and wireless services.
 
     ABOUT ACTIVEBUDDY, INC.
     ActiveBuddy, Inc. develops and markets interactive agents that deliver a
 wide range of personalized content and applications via instant messengers and
 wireless messaging platforms.  ActiveBuddy(TM) interactive agent technology is
 designed for use by instant messaging networks, the enterprise, advertisers,
 and content and service providers across all platforms that support instant
 messaging.  Founded in March 2000, ActiveBuddy is based in New York, NY, and
 Sunnyvale, CA. Principal investors are Wit SoundView Ventures (Nasdaq:   WITC)
 and Reuters (Nasdaq:   RTRSY).  For more information, visit
 http://www.activebuddy.com.
 
     ABOUT REUTERS
     Reuters (about.reuters.com), the global information, news and technology
 group, plays a significant role in the functioning of the financial and media
 markets. Reuters' strategy is to make the financial markets work on the
 Internet. Reuters is the world's largest international news and television
 agency, with 1,957 journalists, photographers and camera operators in 185
 bureaus serving 153 countries, gathering and editing news in 24 languages.
 Reuters' premier position is based on a reputation for speed, accuracy and
 impartiality as well as for continuous technological innovation. Reuters
 supplies news and information to more than 900 Internet Web sites. Instinet,
 an independently managed subsidiary of Reuters, is the world's largest
 electronic agency brokerage firm. It covers the equities and fixed income
 markets.  On June 30, 2000, the group employed 17,067 staff members in
 215 cities in 98 countries. Reuters and the sphere logo are the trademarks of
 the Reuters group of companies.
 
 SOURCE  ActiveBuddy, Inc.