To: Golf Pro6 who wrote (841 ) 6/16/1999 3:28:00 PM From: SSP Respond to of 150070
Retransmission - TKN Interactive Marketing Systems Inc. announces name change to eStation.com Inc. TORONTO, May 18 /CNW/ - Pursuant to Articles of Amendment effective April 21, 1999, TKN Interactive Marketing Systems Inc. (TKNI:CDN) has changed its name to eStation.com Inc. As a result, the Canadian Dealing Network Inc. had commenced quotation of the common shares of eStation.com Inc. under the symbol ESTN on May 17, 1999. The Company's new name better reflects the Company's core business as an e-commerce marketing and development company. Having been in development for the past three years, the eStation(R) software application is designed to facilitate e-commerce transactions and information on public access terminals such as payphones, bank machines and in-store kiosks. It is adaptable to any communications network protocol, has been fully field tested and is ready for installation in high traffic locations such as convenience stores, banks, retail chains, malls, transportation terminals and office towers. ''This name more accurately reflects the business of the Company: 'e' for e-commerce, 'Station' representing the many types of physical devices and terminals that can ran eStation(R) software, and '.com' speaks to our core competencies in Internet technology,'' said John Tevlin, President and CEO. The Company's website ''eStation.com'', currently under construction and ready within 30 days, will also carry the full listing of products available on public eStations for the purpose of online transactions. The Company's objective is to have 10,000 such installations across North America within three years. The Company is working with a variety of telecoms, major retail and financial chains and others with a view to establishing a variety of eStation(R) outlets in both countries and internationally. It is expected that the Company's future revenues will come from a combination of sources including revenue sharing from transactions at eStation(R)-powered terminals, systems design, hardware sales and annual licensing fees. The Company's wholly-owned subsidiary, Martinet Development Corp. of Toronto, specializes in e-commerce solutions and systems integration. Martinet is a provider for Internet, Intranet and other e-commerce clients. Martinet's solutions include applications software development, web site development and integrated database management. At an Annual and Special Meeting of Shareholders held on March 30, 1999, shareholders also approved the consolidation of the Company's issued and outstanding common shares on a one new for four old basis. Management of the Company has since determined that a share consolidation would not be in the best interests of the Company at this time and has decided to delay the share consolidation until a later date. The Company currently has 88,012,465 common shares issued and outstanding.