I/NET is a software development firm working in the areas of digital imaging, voice recognition and multimedia. With a team of industry leading developers and scientists, I/NET is committed to developing products and services on the leading edge of technology. Building on its history of innovation, I/NET has focused its efforts on the development and application of conversational interface technology. Unlike voice recognition systems that simply substitute sound for typed commands, a conversational interface provides a natural, intuitive dialogue between people and computing systems. Potential applications range from heavy industry to space missions to the burgeoning automotive Internet market - known as telematics. In addition to the Company's research and development efforts, I/NET provides software and services to Fortune 500 companies and small businesses. I/NET is a leading developer of software for the IBM AS/400, a mid-range multi-user commercial business computer. The Company provides services in the area of web site development, web site hosting and consulting, including IBM's iSeries web site. As part of a strategic plan to build shareholder value, I/NET is pursuing strategic relationships in the form of equity affiliates, joint ventures, marketing partnerships, mergers and acquisitions. IBM owns a four percent stake in the Company. I/NET also has an equity stake in SEGOES, Ltd., a Cayman Islands-based company offers offshore trading on the Web, and minority equity stakes in two online human resource solution companies, Plano, Texas-based HRsmart, Inc. and Coral Gables, Fla.-based Careernet, LLC.
