For Immediate Release
Toronto, Canada - February 2, 2000 -- 724 Solutions Inc. is pleased to
confirm that its common shares opened for trading today on The Toronto Stock Exchange under the new symbol SVN.
As announced yesterday in TSE Bulletin
2000-0114 (replacement of Bulletin 2000-0109), common shares had commenced
trading on the exchange on an if, as and when issued basis last Friday Jan.
28, 2000 under the symbol SVN.W, and concluded trading under this symbol at
the close on Tuesday Feb. 1, 2000.
Trading today under the symbol SVN reflects the fact that 724 Solution
Inc.'s initial public offering closed this morning and has cleared all
regulatory approvals. The company's common shares have been posted for
trading at the opening today under normal settlement terms.
724 Solutions provides an Internet infrastructure software solution to
financial institutions that enables them to offer personalized, secure
online banking, brokerage and e-commerce services across a wide range of
Internet-enabled wireless and consumer electronic devices. 724 Solutions is
working closely with the Bank of Montreal, Bank of America and Citibank and
has developed alliances with leading software developers and hardware
manufacturers, including Phone.com (formerly Unwired Planet), 3Com/Palm
Computing, Qualcomm, Neopoint (formerly Innovative Global Solution [IGS]),
and Certicom. For further information visit www.724.com.
Contacts:
72 Solutions:
Ray McManus, Toronto (416) 228-8191 |
