ALAMEDA, Calif. (Feb. 16, 1999) - Geoworks Corporation, (Nasdaq: GWRX), a leading provider of software and service solutions for the wireless communications industry, today announced that leading online retailer Amazon.com, Inc. (Nasdaq: AMZN) has signed an agreement to purchase a minority interest in Geoworks. Amazon.com will assume the Geoworks Seattle office lease and hire certain employees.
"Our vision at Geoworks is to facilitate the reach of the Internet from the desktop PC to the wireless device," said Dave Grannan, President and CEO of Geoworks. "We see this as a positive step as we pursue our web-to-wireless business model."
"We are very excited to welcome the Geoworks Seattle office team to Amazon.com," said Rick Dalzell, Amazon.com CIO. "We are very impressed with the experience and expertise of Geoworks engineers and look forward to their contributions toward our continued growth and customer focus at Amazon.com."
Amazon.com has invested $5 million in Geoworks common stock, representing approximately a seven percent interest in the company.
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