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Gold/Mining/Energy : GPW Group West Systems Ltd. (Year 2000 Software Company)
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To: Grant Schlamp who wrote ()9/15/1999 10:53:00 AM
From: RBMac  Read Replies (1) of 1443
 
Frankly, I think it will suck for GPW shareholders for sometime. CyPost will get the benefit of continued momentum which should help move whatever fraction 1 for 10? that we end up with. So maybe it will work out in the long run. But yeah, OTC sucks.

Well, I guess it forces me to make a decision on the company. I only wish I didn't add to my position at a price that I thought, at the time, was cheap.

C'est la vie.

Group West Systems Ltd - News Release

Group West Systems to merge with CyPost

Group West Systems Ltd GPW
Shares issued 6,210,229 Sep 14 close $0.92
Wed 15 Sept 99 News Release
Mr. Jag Sandhu reports
Group West Systems Ltd. has entered into a merger agreement with CyPost
Corporation. CyPost will purchase all outstanding shares of Group West for
$7.7-million (approximately $1.08 per share), payable in shares of CyPost
Corporation.
"This merger will provide Group West Systems Ltd. with unprecedented
privacy and protection solutions for delivering server-based applications
to our customers," said Bill Ste. Marie, president and chief executive
officer of Group West. "Using CyPost's proprietary privacy and protection
technologies gives us a clear strategic advantage over our competition as
privacy concerns are moving to the forefront of Internet transactions."
The shares of CyPost will be valued based upon the average closing price
for the 15 trading days ending five days prior to the closing of the
transaction. The transaction is subject to shareholder and regulatory
approvals and completion of mutual due diligence.
About CyPost
CyPost Corporation develops broad-based privacy and protection solutions
for individuals, business professionals and corporations. The company
provides complete privacy and protection management, including encryption
technology, antivirus software and content management applications, for use
at entry points and gateways to the Internet.
The CyPost network of service providers is a network of wholly owned
Internet service providers that strive to offer the most up-to-date privacy
and protection solutions available to subscribers. CyPost's business model
incorporates privacy and protection solutions and Internet connectivity to
enable access to applications on-line.
(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com
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