Downstream on the Internet

26 May 1999
Downstream Incorporated, a publicly traded financial consulting company, has officially entered the Internet gaming arena this week by acquiring a German software developer called Q-Seven Systems GmbH. In coming weeks, Downstream will change its name to Q-Seven Systems, Inc. and apply for a new trading symbol.

The new company will thus become the exclusive sales and licensing agent for the Q-Seven "User Management System," a backend administration software system that offers solutions to the e-commerce, online gambling and adult entertainment industries.

One of the selling points of Q-Seven's software is its security technology. Managing Director Philipp Kriependorf attributes the system's high level of security to its communication protocol. "All data is encrypted before being sent over the internet and log files keep records of all transactions for control purposes," Kriependorf explained. "Because of its modular structure, new services and functions can be easily added to keep pace with the rapidly changing Internet environment. Real-time stats give frequent feedback about visitors and collected earnings. Yet, the software is so simple to use that non-computer professionals can easily handle its administration.'

The principles of Q-Seven Systems, Inc. will become the officers and directors of the surviving company.

The new company's shares will be traded on the Frankfurt Exchange in Germany and eventually on the OTC Bulletin Board in the U.S. The new ticker symbol hasn't been disclosed.