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Gold/Mining/Energy : Burnt Sand Solutions (BRT.T) -- Ignore unavailable to you. Want to Upgrade?

To: sPD who wrote (48)	7/29/1999 4:58:00 PM
From: Englishbob	Read Replies (1) \| Respond to of 99

Next Generation Solutions deal closes EB ______________________________________________________________________ Burnt Sand Solutions Inc. Closes the Acquisition of Next Generation Solutions Inc VANCOUVER, BC, July 29, 1999 - Burnt Sand Solutions Inc. (TSE: BRT) ("Burnt Sand") is pleased to announce that it has closed the previously announced acquisition of all the outstanding securities of Next Generation Solutions Inc. ("Next Generation"). Today, Burnt Sand announces that it has completed the acquisition of all of the outstanding securities of Next Generation for $3,865,000 cash and 2,038,000 common shares of Burnt Sand Solutions Inc. "This has been an extremely positive and exciting experience for Next Generation," stated Markus Luft, President & CEO of Next Generation. "We are very pleased with Next Generation's future role within this dynamic, growing company. The whole team is looking forward to the opportunity to offer an expanded portfolio of services to current and prospective clients." "The Next Generation acquisition completes two important steps in Burnt Sand's 1999 strategic growth plan," stated Jim Yeates, Burnt Sand's Chairman and CEO. "Burnt Sand has established a leadership position in Electronic Customer Relationship Management, e-CRM, a strategically important, and rapidly growing market. Burnt Sand has also satisfied our internal critical mass requirement, allowing us to open an eastern North American operations centre in the Toronto area in the near future. Burnt Sand's North American geographical alignment is North - South from three operations centres: Pacific from Vancouver, Central from Calgary, and soon, Eastern from Toronto. Burnt Sand's US operations represent a significant portion of Burnt Sand's revenue, and are an important factor in our growth plans. Burnt Sand is now positioned to be a fully deployed North American e-Solutions Integrator. Realizing this goal is extremely gratifying for the executive team building Burnt Sand, and evidence of our continuing commitment to build value for our clients, employees and shareholders." About Next Generation Solutions Inc. Next Generation was founded to provide help desk and call center solutions for the growing customer relationship management marketplace. With its head office in Toronto and sales offices across Canada, Next Generation provides services to in excess of 350 Financial Post 500 companies. Next Generation provides the integration of e-CRM products from such partners as Bendata and Remedy Software, through the delivery of professional services by certified consultants, professional training and education, and on-going client support through its help desk offering. Having grown to in excess of 55 professionals, Next Generation has developed a strong reputation as a premier provider of e-CRM solutions. In a recent article in computer dealer news, Tony Olvet, research manager from International Datacorp limited predicted, "Next Generation will see tremendous growth over the next few years, largely due to its market focus, and emphasis on service quality and support delivery."