The document database contains approximately 1,500 technical documents composed of free text and drawings. Employees currently edit these documents using Glyph, a first generation word processing application. SmartCode applications will be used to dynamically convert Glyph documents and portions of these documents, on the fly, to Microsoft Word, HTML, and XML formats to satisfy the search, presentation and editing requirements of the Maor David Power plant's Intranet. Besides industrial customers like the Israel Electric Company, we believe Israeli banks, newspapers and other commercial organization will want to invest in the infrastructure and technology to take advantages of doing business in a Web-centric environment. About Genius 11 Systems Genius 11 Systems is an Israel based software development and integration company.
Genius offers software development, data mining, and help desk solutions.
IA's next-generation, patented SmartCode technology enables businesses to build new and enhance existing eCommerce applications, with a fraction of the effort and expense of today's approaches, without sacrificing performance, security, or personalization. Important factors, including certain risks and uncertainties with respect to such forward-looking statements that could cause actual results to differ materially from those reflected in such forward looking statements include, but are not limited to, the impact of competitive products and services, the ability of customers to package code in a timely manner, our ability to manage growth and acquisitions of technology or people, diversification of our business, the effect of economic and business conditions, including risks inherent in international operations, the ability to attract and retain technical personnel and other risks detailed from time to time in our SEC reports. We assume no obligation to update the information in this release. All rights reserved.