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Gold/Mining/Energy : Net Shepherd Inc. (WEB) on ASE
WEB 27.990.0%Oct 11 5:00 PM EST
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To: LABMAN who wrote (713)1/4/2000 4:09:00 PM
From: Len Hynes  Read Replies (1) of 1252
 
Hi LABMAN;
Here is Peter Hunt's response to the news on BAAN

Some of you will have seen today's news about the Q4 Profit Warning issued by the Baan software company, the resignation of its CEO and the subsequent slide in its share price.

On the 29th of November, we announced our proposal for Net Shepherd, ClickChoice and the Vanenburg Group to join forces to create a new Internet information company
(http://www.netshepherd.com/current_news/breaking_news/dynamic.asp?id=74
<http://www.netshepherd.com/current_news/breaking_news/dynamic.asp?id=74> ).

That announcement included the news that Jan Baan, the founder of Baan software, would be proposed as Chairman of the Board of Directors of the new company.

In response to queries received, we would like to make sure that it is clearly understood that Jan Baan holds no management positions in the company that he founded and has not done so for some time.

We do not expect today's news to have any influence on our proposed enhanced business transaction, as outlined in our announcement of November 29th.

Regards,

Peter Hunt

Vice-President, Corporate Affairs
Net Shepherd Inc
900, 800 6th Avenue SW
Calgary, Alberta T2P 3G3, Canada
Phone: (403) 218 8917
Fax: (403) 232 6711
E-mail: peter.hunt@netshepherd.com
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