ATTENTION: Dan Byrne
APRIL 28, 1999
MICROFORUM UPDATE (TSE:MCF)
MICROFORUM NAMED BEST PERFORMING TECHNOLOGY STOCK FOR 1999
In Canada's National Newspaper The Globe and Mail, Microforum Inc. (TSE:MCF)
was named the #1 performing technology stock for 1999 in the Report on
Business/Bloomberg TechDex Index. The TechDex Index consists of 128 technology
stocks.
Dow Jones News issued a release today stating, "Microforum Inc.'s stock has jumped
36% Wednesday, after a presentation to e-commerce specialists and also due to the
high-flying performance of Razorfish Inc. (NASDAQ:RAZF)...Razorfish, which priced its
initial public offering Tuesday at US $16, is now trading at about $52 on Nasdaq.
Microforum has many similarities to Razorfish, with comparable revenues and services.
Both companies are Internet applications service providers that specialize in
e-commerce."
Microforum is currently exhibiting and demonstrating at the Fifth Annual Internet and
Electronic Commerce Conference and Exposition, which is considered to be the single
largest and most important e-commerce symposium of the year. Microforum gave a
special one-hour seminar titled "E-Commerce 101: The Ten Golden Rules of
E-Commerce". David Wong, an analyst for Canaccord Capital Corp., told Dow Jones
News that he felt the conference was a major reason for the stock's rise. "They're
getting the story out in the States," said Wong. "People see it as cheap next to its
comparables."
Microforum recently announced that National Bank of Canada, the sixth largest
chartered bank in Canada with more than $71 billion in assets, had chosen its
e-commerce solution CALMS software for online credit approval. Mr. John Bordignon,
Senior Manager at National Bank said, "Not only is this an excellent product in terms
of process, it is ready for multiple financial institutions...I have spent a lot of time
looking at solutions in Canada and the US and this is the most innovative yet proven
solution in the marketplace."
Microforum closed at $8.00 today (April 28, 1999), up $3.05 on over $13.4 Million
shares.
To learn more please contact The Investor Relations Group at 1-800-444-9214.
This is not an offer to buy or sell securities. Information or opinions in this report are
presented solely for informative purposes, and are not intended nor should be
construed as investment advice. Companies mentioned herein may carry a high
investment risk; readers should carefully review the company with their investment
adviser.
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