NR,open for U.S. trading. Closer to U.S. listing..
NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWSFOR: INFOWAVE SOFTWARE, INC.
VSE SYMBOL: IWMFEBRUARY 3, 1999
Infowave Software: Pioneer Developer of Apple(R) iMac(R)
Printing Solutions and Microsoft(R) Exchange(R) Wireless
Solutions Receives Green Light for U.S. Trading
BURNABY, BRITISH COLUMBIA--Securities and Exchange Commission
Declares Infowave Form 20-F "Effective"
Infowave Software, Inc. (VSE: IWM) today announced that the
Company's Form 20-F registration statement has become effective.
Infowave is now a reporting company under the U.S. Securities
Exchange Act of 1934, as amended.
"This is an important milestone in our ongoing efforts to maximize
shareholder value," said Todd Carter, Infowave's CFO. "The
majority of our customers and partners are already located in the
United States and now Infowave is also accessible to American investors."
Infowave's stock can now be solicited and traded by licensed
broker- dealers in the United States in compliance with Securities
and Exchange Commission ("SEC") regulations. As previously
announced, certain Infowave securities were already exempt in some
States under the Standard & Poor's manual exemption for secondary
trading. Infowave now has greater flexibility to carry out
investor relations activities in the U.S. in compliance with
applicable state laws. The effective registration statement also
moves Infowave closer to eligibility for listing its stock on a
U.S. stock exchange or market. ABOUT INFOWAVE
Infowave is a world-class software developer. Founded in 1984,
the company is headquartered in Vancouver, Canada and has two
operating divisions. Infowave's Imaging Division builds
award-winning printing solutions that dominate the Apple(R)
Macintosh(R) market. Infowave's PowerPrint(R) and StyleScript(R)
software kits provide Mac(R) users with improved print quality and
access to more than 1,500 printers. Infowave's products are
available through established distribution channels in over 40
countries around the world. Infowave's Wireless Division builds
mobile business solutions that create competitive advantage for
companies on the move. Infowave Office Enabler(TM) is the most
powerful and secure solution for wirelessly extending Microsoft(R)
Exchange(R), the fastest-growing business collaboration tool in the world.
(c) 1999 Infowave Software, Inc. - Infowave, the Infowave logo,
Infowave Office Enabler, PowerPrint, StyleScript and PowerPlot are
trademarks of Infowave Software, Inc. All other trademarks are
the property of their respective owners. Some of the above
trademarks may be registered in certain jurisdictions.
This news release may contain certain forward-looking statements
that involve risks and uncertainties such as competitive factors,
technological developments and market demand. Actual results
could differ materially from the Company's expectations. |
