Today's News Release: SHAREHOLDERS APPROVE SIDEWARE SYSTEMS INC. NAME CHANGE
FOR IMMEDIATE RELEASE - FEBRUARY 4, 1998
Vancouver, BC - At the Annual General Meeting held in Vancouver on January 29, 1998, shareholders passed a special resolution approving the change of the company name from JOT-IT! Software Corp. to Sideware Systems Inc. Appropriate filings will be made with the regulatory authorities to make the name change official.
The shareholders re-elected Owen Jones, Grant Sutherland, Ian Lovejoy, Peter Kozicki and Edward White as directors. As well, KPMG, Chartered Accountants, were re-appointed as auditor for the coming year.
In addition, certain stock options were approved.
The shareholders approved the payment of $120,000 to Grant Sutherland in respect of services rendered for the two year period from May 3, 1995 to April 30, 1997.
"The AGM provided a good forum for Owen Jones (President) and I to answer questions from our shareholders." stated Grant Sutherland, Chairman. "Our mandate for 1998 is to translate our strategic relationships with Lotus and Sun Microsystems Inc. into commercial relationships generating substantial revenues for Sideware Systems. As two of the largest shareholders in the company, Owen and I are committed to achieving this goal."
*JOT-IT! Software Corp. carrying on business as Sideware Systems, develops and markets software that exploits its patented Concurrent technology. The company name change will be made official pending shareholder approval, at the next Annual General Meeting. In addition to the company name change, our sticky note product will change to Tagalongs and our collaborative groupware product will change to Net Notions. JOT-IT! is a publicly traded company on the Vancouver Stock Exchange trading under the symbol: JOT . Please visit our web site for further information at www.sideware.com
INVESTOR CONTACT: Manfred Kurschner at manfred@sideware.com, 604-986-6121 ext.232
MEDIA CONTACT: Stacy Imyak at 76756.3477@compuserve.com, 847-291-1616 ext.224
THE VANCOUVER STOCK EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this communication (as well as information included in oral statements or other written statements made or to be made by JOT-IT! Software Corp.) contains statements that are forward-looking, such as statements relating to the future anticipated direction of the high technology industry, plans for future expansion, various business development activities, planned capital expenditures, future funding sources, anticipated sales growth and potential contracts. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of JOT-IT! Software Corp. These risks and uncertainties include, but are not limited to, those relating to development and expansion activities, dependence on existing management, financial activities, domestic and global economic conditions, changes in federal or state income tax laws, and market competition factors.
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