From: newsout@stockwatch.com
Date: Tue, 11 Jan 2000 06:05:30 -0800
Subject: Stockwatch: Microforum Inc - News Release
From: newsout@stockwatch.com
Date: Tue, 11 Jan 2000 06:05:30 -0800
Subject: Stockwatch: Microforum Inc - News Release
Microforum signs licensing contract with evendent
Microforum Inc MCF
Shares issued 30,385,737 Jan 10 close $9.90
Tue 11 Jan 2000 News Release
Mr. Howard Pearl reports
Microforum has entered into a development contract for its CALMS on-line
credit approval solution with evendent corporation a California-based
company offering full service financing programs, primarily for
technology-based vendors.
CALMS allows an intermediary to take a credit application then submit it to
evendent for approval, all in a seamless Web-based environment. The
intermediary can then complete documentation, finance the transaction and
track the results using the CALMS solution. The CALMS system is a
Web-enabled credit origination solution that exists on-line with various
distribution channels, allowing potential purchasers to go from credit
check to vendor payment, with complete credit scoring in minutes. Further
details about the contract were withheld for competitive reasons.
"With Y2K behind us," commented Howard Pearl, chief executive officer of
Microforum, "we are seeing increased activity in all of our lines of
business. The CALMS product is quickly gaining momentum in the market and
gaining a critical mass in its installation base."
About evendent
evendent corporation is a California-based company offering full service
financing programs, primarily for technology-based vendors.
(c) Copyright 2000 Canjex Publishing Ltd. canada-stockwatch.com
Microforum signs licensing contract with evendent
Microforum Inc MCF
Shares issued 30,385,737 Jan 10 close $9.90
Tue 11 Jan 2000 News Release
Mr. Howard Pearl reports
Microforum has entered into a development contract for its CALMS on-line
credit approval solution with evendent corporation a California-based
company offering full service financing programs, primarily for
technology-based vendors.
CALMS allows an intermediary to take a credit application then submit it to
evendent for approval, all in a seamless Web-based environment. The
intermediary can then complete documentation, finance the transaction and
track the results using the CALMS solution. The CALMS system is a
Web-enabled credit origination solution that exists on-line with various
distribution channels, allowing potential purchasers to go from credit
check to vendor payment, with complete credit scoring in minutes. Further
details about the contract were withheld for competitive reasons.
"With Y2K behind us," commented Howard Pearl, chief executive officer of
Microforum, "we are seeing increased activity in all of our lines of
business. The CALMS product is quickly gaining momentum in the market and
gaining a critical mass in its installation base."
About evendent
evendent corporation is a California-based company offering full service
financing programs, primarily for technology-based vendors.
(c) Copyright 2000 Canjex Publishing Ltd. canada-stockwatch.com |
