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Gold/Mining/Energy : GPW Group West Systems Ltd. (Year 2000 Software Company) -- Ignore unavailable to you. Want to Upgrade?

To: RBMac who wrote (1398)	7/21/1999 10:47:00 AM
From: RBMac	Read Replies (1) \| Respond to of 1443

What is with this........... Group West Systems Ltd - Intent to Sell Group West Systems shareholder to sell shares Group West Systems Ltd GPW Shares issued 6,210,229 Jul 20 close $1.10 Tue 20 Jul 99 Intent to Sell TSE Bulletin 99-0905 William Ste. Marie has filed a notice of intention to sell up to a total of one million common shares of Group West Systems Ltd. through the Toronto Stock Exchange on or after July 23, 1999. Mr. Ste. Marie directly and indirectly owns 2,182,739 common shares of Group West Systems. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com

To: RBMac who wrote (1398)	7/21/1999 10:48:00 AM
From: RBMac	Respond to of 1443

Group West Systems Ltd - News Release Group West Systems completes acquisition of Wescom Computer Group West Systems Ltd GPW Shares issued 6,210,229 Jul 20 close $1.10 Wed 21 Jul 99 News Release Mr. Jag Sandhu reports Group West Systems Ltd. has completed the purchase of all the outstanding shares of Wescom Computer Services Ltd. for a maximum purchase price of $1-million. As reported in Stockwatch June 8, 1999, this acquisition by Group West has subsequently been approved by the Toronto Stock Exchange. Wescom is a Victoria, B.C.-based company that specializes in supplying solutions to the public sector at provincial and local levels. Their public sector clients include prominent municipalities and other public sector organizations in B.C. To satisfy the purchase price, Group West will pay the current shareholders of Wescom $200,000 in cash. The balance will be paid in common shares of Group West on an earn-out basis over four years at a deemed price of $1.70 per share. This amounts to a potential earn-out of 470,588 shares on the basis of one share for every $1.70 in net income before tax of Wescom Computer Services Ltd. This acquisition provides Group West with unlimited access to Wescom's software, which is aimed at the local government marketplace. This market is viewed as a significant area of opportunity for the application service provider (ASP) model, as there is a high degree of similarity in the system requirements from one municipality to another as well as pressure on local governments to economize. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com