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Based on our projections, industry trends, and usage data, the Briggs-tyBitFoundation is estimating donations of over $20,000,000 to North Carolina Educationin its first year alone more than $60,000 a day if the application is adopted. Having spent almost a decade working with North Carolina education community whilewith a large, multi-national Telco, I know how valuable this additional revenuewill be to our schools, said Kitti Jo Finch, tyBit General Manager. Mr. Briggsbelieves that supporting education is essential for our state and the nation. We are committed to supporting education in any way that we can, said ClarenceBriggs, CEO of tyBit. Poverty, ignorance and apathy are the enemy, said the formerU.S. Army infantry officer. Briggs, himself a father, understands the struggleendured by families, students, and educators to deliver quality education. With adropout rate of over 30%, coupled with drugs, gangs, and inadequate funding, it sharder than ever to ensure our children receive a quality education that willprepare them for life. The business community must do something to help. Senator Elizabeth Dole has always been an active supporter of education. It s timeto let creative, enthusiastic teachers know that they are a national treasure rightwhere they are in our classrooms, said Dole in a previous interview. In additionto supporting teachers, she has also been a vocal proponent of increased parentalinvolvement in education. Briggs believes that Grants from the Briggs-tyBitfoundation can be instrumental with respect to achieving these goals.Senator Richard Burr is a member of the Committee on Health, Education, Labor, andPensions and has been a staunch supporter of the No Child Left Behind Act. He hasvoted in favor of several pieces of legislation to provide additional funding toschools tied to accountability measures. Briggs believes that school systems wouldbe able to apply for Briggs-tyBit Foundation Grants to help develop and implementthese accountability programs. The 5 year plan for tyBit aims to achieve annualrevenues in excess of $6 billion. Everything is bound to change now, said SeanMcCoy, SVP of Sales and Marketing for AIT. This is an opportunity to create awin-win for both the public and private sectors. Students, teachers, and researchers alike want the freedom to chose and customizetheir research technologies to fit their specific needs and learning styles. Withthis in mind, tyBit has been designed to be fully customizable, and will adapt toits users preferences while protecting individual privacy. Other emerging searchtools see this opportunity as well. The future vision is where informationsummarizes out to the way you want it to look, said Matt Eichner, VP of strategicdevelopment and marketing for Endeca, an information access platform thatautomatically creates categories out of search results. Just as exciting as the announcement of the Briggs-tyBit foundation is the recentrelease of tyBit Beta 3, now available for download on the web site www.tybit.com . The new release integrates the tyBit search experience into the clients browser. This new beta is awesome, said Briggs, This really moves the application to thenext level. The new beta is compatible with both Internet Explorer and Firefox. The fact that we have fused the browser with the search application is remarkable,and the possibilities are now limitless, said Briggs.In February, 2007 Neil Snyder and Edward Kealy of The non-partisan Committee forEducation Funding, addressed U.S. House Speaker Pelosi stating that reversing thedamaging decline in education investment since 2005 must be a top funding priority.It will more than pay for itself by increasing the employability and productivity ofour workforce while producing increased earnings and tax revenues. When ourstudents succeed, our nation succeeds. In order to deliver quickly on the goals set forth in its mission statement, tyBitofficials are considering outside investment of the firm for the first time in thehistory of the company. Senior management and key company advisors are talking toseveral investment banking firms and individual investors to complete an $80million financing to fund the roll out of the first release candidate and subsequentversions of the search engine. tyBit s initial product development funding and itsIT services are powered by its sister company, AIT (www.ait.com). In contrast totyBit Inc. AIT has never taken outside equity investment or incurred any long termdebt, but instead built its business out of cash flow. AIT crawled, walked, builtfrom scratch its proprietary self-sustaining technology and has been running strongover the past 12 years successfully and profitably. But tyBit, must compete in thedynamic market place of on-line advertising and search technology, therefore, weneed savvy partners and investors to make it happen now.
tyBit and the tyBit logo are the trademarks of tyBit, Inc. All rights reserved.AIT, Inc. AIT, and AIT.com are registered trademarks of Advanced InternetTechnologies, Inc.Copyright 2007 tyBit, Inc. All rights reserved.
