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Canadian Market News from Market News Publishing, Feb 21, 2000 09:38 hrs
MICROFORUM INC - WORLD HEART CORP - World Heart Selects
Microforum to Implement Navision Software in Preparation for
Production of HeartSaver(VAD)(TM) [140]
Microforum Inc. is pleased to announce that World Heart Corporation, the Canadian developer of the
HeartSaver(VAD)(TM), a pulsatile Ventricular Assist Device (VAD) implantable in the chest, has selected
Microforum Inc. to help design, develop and implement an Enterprise Resource Planning (ERP) solution
utilizing Navision Financials and Navision Manufacturing software.
Navision Software is an international developer and supplier of innovative, customizable enterprise
business solutions that enable small to medium-sized companies to run their businesses more
effectively. Using Navision's software, Microforum will customize an ERP manufacturing solution so that
it fulfills the specific business requirements of World Heart. Additionally, Microforum will implement the
ERP solution so that it consolidates all of World Heart's digital operations. Implementing this business
solution will allow World Heart to better monitor all of its operations resulting in improved customer
service, quality control, revision tracking and lowering costs through better inventory management.
"In such a dynamic market it is imperative that we utilize every technological advantage in our business
systems," said Ian Malone, Chief Financial Officer of World Heart. "We are confident that Microforum
and Navision, with their expertise and proven track record, will provide a cost effective and efficient
financial and manufacturing business solution."
"This contract is another example of Microforum's Digital Consulting Group providing a recognized
Canadian manufacturer with a leading-edge and scalable business solution based upon Navision's unique
object-oriented technology," said Howard Pearl, President and Chief Executive Officer of Microforum.
"We are excited to have the opportunity to work with World Heart.
About Microforum
Microforum Inc. (www.microforum.com) is a leading North American digital business transformation
company providing a broad range of e-business solutions, Internet strategy and database services.
Microforum is publicly traded on the Toronto Stock Exchange under the symbol "MCF" and is
headquartered in Toronto, with offices in San Francisco, CA and Chicago, IL.
About World Heart
World Heart Corporation (TSE:WHT, NASDAQ:WHRT) is a medical devices business initially based
upon HeartSaver(VAD)(TM) and related technologies developed by the Cardiovascular Devices Division
(CVD) of the University of Ottawa Heart Institute (OHI). HeartSaver(VAD)(TM) will be an affordable, fully
implantable heart assist device designed to provide long term support of pulsatile blood flow to people
suffering from heart failure and permit the recipient to return to near normal life activities. Unique to the
VAD market, HeartSaver(VAD)(TM) fits inside the chest without tubes or wires piercing the skin,
reducing the risk of infection from openings in the body common to other products. Power and monitoring
capabilities are delivered through a patented Transcutaneous Energy Transfer (TET) System and
proprietary Biotelemetry System developed at CVD and licensed exclusively to World Heart. TEL:
1-800-444-9214 INVESTOR INFORMATION:
The Investor Relations Group E-mail: microforum@invrel.com Internet: www.invrel.com TEL: (905)
670-8000 CORPORATE INFORMATION:
Howard Pearl, CEO and President, Microforum Inc. E-mail: hpearl@mf.com
(c) 2000 Market News Publishing Inc. All rights reserved.
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Companies or Securities discussed in this article:
Symbol
Name
NASDAQ:WHRT
World Heart Corporation
TSE:MCF
TSE:WHT
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