News Out !
NET SHEPHERD ANNOUNCES TIMETABLE FOR CLOSING DEAL WITH THE VANENBURG GROUP
Calgary, Alberta --
Special Meeting for shareholders scheduled for March 21st
Net Shepherd Inc. (CDNX: WEB) announced today the timetable leading up to the Special Meeting of Net Shepherd Inc.'s shareholders to vote on the enhanced business transactions with the Vanenburg Group.
"Since we announced this proposal on the 29th of November, we have been working with the Vanenburg Group on a number of definitive technical and commercial agreements," explained Don Sandford, President & CEO of Net Shepherd.
"The benefits of the Enhanced Business Transactions to Net Shepherd Inc.," continued Sandford, are that:
1. It dramatically changes our delivery capability, providing access to capital and resources that will enable us to bring products to market much faster.
2. It provides capital for the go-to-market strategies of the Applications Companies that are selling our services in the markets.
3. It repatriates rights to our core platform technology under one roof as well as bringing additional patented technology to Net Shepherd.
4. It gives us an increased US presence.
5. The acquisition of ClickChoice provides NSI with a major new application company in the field of consumer intelligence and provides a platform for launching Net Shepherd's Business Intelligence offerings.
6. It offers organisational efficiencies."
"We expect to mail the Information Circular and other documents shortly," continued Sandford, "thereafter we intend to hold a Net Shepherd Investor Forum teleconference."
"The Special Meeting of Net Shepherd's shareholders to vote on the transaction is expected to be held on March 21st, approximately 30 days after the mailing of the Information Circular, as required by legislation," explained Sandford. "Details of the meeting will be given in the Information Circular."
Background Notes:
About Net Shepherd Inc.
Net Shepherd's technology helps companies that want to transform the way they do business and create new opportunities using the Internet. It uniquely uses an Internet-based community of Distributed Task Forces to provide the gathering of information and the management of work at the speed of the Internet.
Net Shepherd develops, partners with and invests in companies that use this technology in a variety of different applications.
Net Shepherd Inc. is traded on the Canadian Venture Exchange under the symbol WEB.
About Vanenburg Group:
Vanenburg Group is a private, limited liability Netherlands Company that was formed in 1994. The Group's main activities include providing venture capital funding for technology companies worldwide. Its portfolio includes companies that supply Web-enabled applications and services in the enterprise applications market. Jan Baan, Dutch entrepreneur, and founder of Baan Software is the CEO of the Vanenburg Group.
About ClickChoice:
ClickChoice.com Inc. was formed in August 1989 as the successor to The McLellan Software Center. Headquartered in Atlanta, ClickChoice.com is a leader in Internet content management, making Web content more relevant to both consumers and businesses.
In exchange for demographic data, ClickChoice offers free software to consumers that enhances the value, security and relevance of their Internet experience. The non-personally identifiable data is provided to marketers for real-time targeted marketing.
The Vanenburg Group BV, a technology investment company located in Europe, owns 82% of ClickChoice.com's shares. The other 18% of shares are owned by The McLellan Software Center.
fin-info.com
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