InterAge Partners on Major European Market Memorial Project

'Virtual Memorial Project' First in a Series of Long-Term Goals


CESAREA, Israel, Jan. 19, 2005 (PRIMEZONE) -- InterAge Ltd. (Pink Sheets:ITGJ), a leading provider of integrated web marketing solutions, announced today that it is participating in a consortium of companies and organizations to complete a very large virtual archiving web site.

A strategic goal of the international consortium undertaking this Virtual Memorial Project is to enable the creation of virtual archives based on documents existing in libraries, archives, museums, memorials, and public record offices. To achieve this goal, the consortium is taking documents from museums across Europe. For example, among the participating museums are former Nazi concentration camps, where documentation from World War II abounds. The Virtual Memorial Project is the first step towards the consortium's goal, focusing on computer-aided information retrieval from machine-typed documents. As the project progresses, the consortium will develop data models for the storage of retrieved information. In addition, upon successful completion of the MEMORIAL project, they plan to develop distributed virtual memorial services for navigation and information searches.

InterAge is playing an integral role in this project valued at 1.5 million Euros, with the task of developing the web site, much of the electronic marketing and monitoring tools, and the back-office management of the data collected.

"This is a major long-term project, and we're very excited about being a part of the consortium," says Kobi Freund, CEO of InterAge. "Participation in the Virtual Memorial Project is a great opportunity for InterAge to work with other teams on a complex and intricate project that has such important social benefit."

Other participants in the Virtual Memorial Project include Gesellschaft Zur Foerderung Angewandter Informatik, the Faculty of Electronics Telecommunications & Informatics, the Politechnika Gdanska of Poland, Moreshet - Holocaust Study & Research Center, Panstwowe Muzeum Stutthof and the University of Liverpool.

About InterAge

InterAge Ltd., established in 1994, specializes in providing a comprehensive business and marketing approach to web marketing. The company operates under the trade name of ID-Knowledge and offers unique marketing design, development, and advanced web marketing technology to give clients an integrated web marketing solution. These solutions include, formulating marketing concept and strategy, market research, managing email marketing, search engine optimization, and web design.

For more information, please contact kobi@id-knowledge.com or visit us on the Web at http://www.id-knowledge.com

Forward-Looking Statements

Certain statements in this news release may contain "forward-looking" information within the meaning of the Federal securities laws. All statements, other than statements of fact, included in this release may include forward-looking statements that may involve risks and uncertainties. There can be no assurance that such statements will be accurate and actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances or to reflect unanticipated events or developments.



            

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