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Gold/Mining/Energy : Microforum (MCF:TSE)

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To: Link Lady who wrote (967)	4/9/1999 11:40:00 AM
From: MICHEL GUIBERT	Read Replies (2) of 3896

Microforum To Open Up To U.S. Capital Markets With Commencement of U.S. Registration Filing TORONTO, April 9 /CNW/ - Microforum Inc. (TSE:MCF) is pleased to announce that it has retained the New York office of Morrison & Foerster LLP to initiate the process of filing the Company's Form 20-F registration statement under the U.S. Securities Exchange Act of 1934. Microforum's registration of its stock will allow its shares to be solicited and traded by licensed broker-dealers in the United States in compliance with Securities and Exchange Commission (''SEC'') regulations. Certain Microforum securities were already exempt in some states under the Standard & Poor's manual exemption for secondary trading. The 20F registration 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 Microforum closer to eligibility for listing its stock on a U.S. stock exchange or market. ''This is important in our ongoing efforts to maximize shareholder value,'' said Howard Pearl, CEO and President of Microforum. ''We increasingly are forming alliances with U.S. firms and attracting U.S. customers. In addition, as an Internet and E-commerce technology company, we believe it is important to build a greater presence among U.S. investors, and this step offers the ideal vehicle with which to accomplish this.'' About Microforum Microforum Inc. (www.microforum.com) is a leading Internet applications, and technology services corporation providing a broad range of electronic commerce and integrated marketing, creative and database services. Microforum's wholly owned subsidiaries include Internet Frontier Inc. (www.ifront.com) doing business as iFront and Software Guaranty (www.softwareguaranty.com), PPL Marketing Services Inc., Marshall Fenn Communications Inc. and Poste Haste Systems Inc. Internet Frontier Inc. is a Microsoft Certified Solution Provider Partner providing the proprietary iFrontECS(TM) e-commerce engine and the CALMS(TM) on-line credit approval tool. PPL Marketing Services has achieved the prestigious ISO9001 and the Ford Q1 Quality Certifications. /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE U.S./ Howard Pearl President & Chief Executive Officer Frank Iadipaolo Chief Financial Officer & Secretary

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