Toronto - August 10th, 1999- Xenos Group Inc., an e-commerce document presentment software company, announced that it will be listed on the Toronto Stock Exchange tomorrow, August 11, 1999. Trading under the stock symbol "XNS", Xenos shares will initially be listed at $8.50 per share.
"This is a very exciting milestone in Xenos Group's history," said Stuart Butts, the company's chairman and CEO. "While we announced our IPO approximately a month ago, in many ways we have been preparing for this day for the 20 years we've been in business. Xenos looks forward to continued growth as we take advantage of the rapidly developing Internet and e-commerce market."
Xenos has entered into an underwriting agreement with a syndicate of investment dealers with respect to an initial public offering of 2.355 million common shares and a final prospectus has been filed in all Canadian provinces to qualify the offering. The syndicate, led by RBC Dominion Securities Inc. and including First Marathon Securities Limited and Yorkton Securities Inc. has agreed to purchase 2,000,000 common shares from Xenos and a total of 355,000 common shares from three shareholders. The underwriters have the option until 60 days following the closing date of the offering to purchase an additional 353,250 common shares consisting of up to 29,350 common shares from the Company and up to 323,900 common shares from the three selling shareholders.
Xenos' flagship product Documorph(TM) allows documents to be moved between disparate and incompatible platforms. The latest version, Documorph 2.0, enables e-commerce and one-to-one marketing by electronically presenting high-volume documents -- such as customer statements and bills -- to the Internet without the cost of replacing systems or changing existing applications. A flexible and robust solution for online customer communications, it is the only product in the market today that successfully handles all of 'the big four' presentment standards: HTML, PDF, TIFF and XML. Documorph 2.0 delivers print streams to the Web, as well as to archives and databases, e-mail and CD-ROM.
The Xenos common shares have not been registered under the United States Securities Act of 1933, as amended, and subject to certain exceptions, may not be offered or sold in the United States.
About Xenos Group
Xenos Group (www.xenosgroup.com), based in Richmond Hill, Ontario and Dallas, Texas, designs, develops and markets enabling software for the electronic document presentment industry. The company's core products perform document transformation allowing for the seamless migration of documents from a source platform, such as a mainframe computer, to a target platform, such as the Internet.
Martin Heenan or Linda Montgomery
Xenos Group
Ph: (905) 709-1020
Environics Communications (media only)
Daniel Tisch or Andrea Ellison
(416) 920-9000, ext. 260 or 289
Documorph is a registered trademark of Xenos Group. All other trademarks are the property of their respective owners.
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