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September 22, 1995

NEW PARADIGM BUYS NETPHONE INTERNET PHONE FOR THE MAC

By CBR Staff Writer

Yet another Internet phone program has surfaced, this time for the Macintosh. New Paradigm Software Corp has signed a letter of intent to acquire NetPhone, the software package that enables Macintosh users to conduct long distance and worldwide telephone conversations over the Internet for the cost of local Internet access – but presumably only with other Mac users also running the software. New York-based New Paradigm is acquiring NetPhone from Electric Magic Co, San Francisco, in exchange for an undisclosed amount of cash and options to acquire New Paradigm Software shares. New Paradigm says it plans to develop a complementary Windows version of NetPhone, and to use NetPhone with its Copernicus product, which enables data to be passed from one computer program to another, without programming and on different machine types. Electric Magic is a multimedia software development and consulting company.

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