Gemcom Software and Century Systems to Form Strategic Alliance
VANCOUVER, BRITISH COLUMBIA--Gemcom Software International Inc.
and Century Systems Technologies Inc. today announced the signing
of a memorandum of understanding to form a strategic alliance
which will combine the marketing and development of the two
companies' products. Ontario-based Century Systems is a
privately-held software company supplying drillhole logging and
mapping systems to the mining and exploration industry. The two
companies plan to create integrated applications software based
around open database technology that will increase productivity
and add value to current and future customers' operations. For
its part in the alliance, Gemcom will provide Century Systems with
increased marketing and distribution. Century Systems will
provide technology and development resources to Gemcom to
seamlessly interface its products with Gemcom's.
"We are excited to be working in alliance with Gemcom in order to
provide the exploration and mining community with what we believe
will be an unrivalled combination of open software applications,"
says President of Century Systems Technologies Ray Auger.
"This alliance is another step towards our goal of being the
pre-eminent supplier of information technology to the earth
resources industry," says Gemcom President and CEO Peter Franklin.
"Together, Gemcom and Century can offer our customers a more
complete technological solution, thereby adding value to their
operations. This is especially true for the larger mining
companies which need to ensure a seamless flow of data through
multiple processes and locations. We believe this alliance will
translate into a competitive advantage for our products." In the
short-term, Gemcom will market and sell Century Systems' logging
and mapping systems as an addition to its full suite of mining and
exploration software. Over time, the companies plan to
consolidate their products to form a comprehensive suite of
applications for drillhole logging and management, geological
modelling, and mine design, planning and management.
Gemcom develops, markets, sells and supports Windows 95/NT
software for the mineral exploration and mining industry. Its
products are used for manipulation of drillhole sample data, ore
body modelling, and mine design and planning. Gemcom is used by
more than 800 companies in over 70 countries. Gemcom is a
Vancouver-based Company with offices in eastern Canada, the USA,
England, Peru, Australia, Chile and Brazil. Currently trading on
The Toronto Stock Exchange, Gemcom has approximately 9.7 million
shares outstanding.
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FOR FURTHER INFORMATION PLEASE CONTACT:
Gemcom Software International Inc.
Karen McCluskey
Investor Relations and Corporate Communications Manager
(604) 684-6550
(604) 684-3541 (FAX)
gemcom.bc.ca
e-mail: karenm@gemcom.bc.ca
or
The Equicom Grop Inc.
Cory Pala
Investor Relations
1-800-385-5451 ext. 223
(416) 815-0080 (FAX)
equicomgroup.com
e-mail: info@equicomgroup.com
or
Century Systems Technologies Inc.
Ray Auger
President
(705) 675-5609
(705) 675-5798 (FAX)
centurysystems.net
e-mail: rauger@centurysystems.net
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