InterAge Finishes Second Stage of Tsunami Victims Project

Design Stage to be Started on $22 Million Web-Based Information Project


CESAREA, Israel, May 17, 2005 (PRIMEZONE) -- InterAge Ltd. (Pink Sheets:ITGJ), a leading provider of integrated web marketing solutions, announced today that it has completed the second stage of the Tsunami Victims project that was awarded to the Company late in January this year.

InterAge is the leading company on this $22 million UN-sponsored project, fulfilling all requirements thus far according to the approved time-line. After rapidly creating a comprehensive design document, the Company performed a systems analysis to precisely define the development methods of the system to be developed.

"We are now prepared to begin the most important part of the project," says Kobi Freund, InterAge's CEO. "The actual design of the Tsunami site is a major task, and the planning stages were essential in defining all the technical and visual elements of the project."

Tens of thousands of the Tsunami victims have yet to be identified. "We are incorporating every possible media form in this project," continues Freund, "including video, voice, photographs and text. This will greatly increase the opportunities for positive identification. InterAge is taking the lead in a humanitarian project of global proportions and as we progress, we become even better equipped to do the job with our in-house developments."

InterAge is partnering with other companies around the world to do this 16-month project. Over $16 million of this $22 million project will go towards InterAge for the Company's major role in the project.

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.



            

Contact Data