CYPOST (POST) Data Encryption Message Board

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Technology Stocks : CYPOST (POST) Data Encryption

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To: Q. who wrote (66)	10/15/1999 5:58:00 PM
From: surelock	Read Replies (1) of 77

Group West Announces Merger with Cypost Terminated BURNABY, British Columbia, Oct 15, 1999 (BUSINESS WIRE) -- Group West Systems Ltd. (TSE:GPW), an Application Service Provider, announced today that it has terminated negotiations with Cypost Corporation (OTC BB:POST). After extensive due diligence, the Board of Directors of Group West has decided that it is not in the best interest of the shareholders to merge with Cypost. Group West is in the business of providing mid-range outsourcing and computer technology products and services to commercial organizations and government agencies located primarily in North America. With over 120 professionals in Canada and the United States, the Company has positioned itself as an Application Service Provider (ASP), outsourcing business applications over the internet. Group West services enable companies to quickly deploy applications for a flat monthly fee, without the cost of managing the applications or underlying infrastructure. According to Forrester Research Inc., this industry is projected to reach US$21 billion by 2001.

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