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Technology Stocks : Axion Spatial Imaging Ltd. (AXON) -- Ignore unavailable to you. Want to Upgrade?

To: JP who wrote (100)	8/4/1999 4:19:00 AM
From: Gary Economus	Read Replies (2) \| Respond to of 138

Company wisely displaying some "minor" additions to its portfolio during the summer months ala Sargasso. I think the story will escatate as traders return around Labor Day. I'm going to relax and enjoy the whole thing. BW0306 AUG 03,1999 10:17 PACIFIC 13:17 EASTERN ( BW)(AXION-SPATIAL-IMAGING)(AXON) Axion, Boyd Geomatics Strategic Partnership Expands, Capturing Significant Canadian Geo-Imagery Project Business/High Tech Editors EDMONTON, Alberta--(BUSINESS WIRE)--Aug. 3, 1999--Axion Spatial Imaging Inc. (OTC BB:AXON), a leader in geographical data storage and imaging technology, today announced the provision of its Advanced Digital Mapping Technology (ADMT) to Boyd GeoMatics Ltd., of Calgary, Alberta, in a deal which will see the two companies joining forces again to provide Internet mapping services to government, industry and the general public via the Internet, in the Province of Alberta, Canada. This is part of a significant expansion into the Canadian market through an ongoing strategic cooperation between the two firms. With this initiative, named "VISION 2000," Boyd GeoMatics will effectively become the primary source for geo-imagery in the Province of Alberta -- a market currently worth in excess of $4 million per year. In North America this market is estimated to be in excess of 1.2 billion dollars according to KPMG. Larry Herd, President of Boyd GeoMatics said, "The VISION 2000 initiative is the continuation of Boyd GeoMatic's plan to be the largest single window source for integrated digital surface planning information. Axion's technology is a fundamental component to achieving that goal." In addition to provision of its ADMT software, for which Axion will receive royalty fees for each license sold, Axion's portion of this project will include image compression services related to gathering, storage and manipulation of geo-imagery data. "We are delighted with the growing and mutually beneficial relationship that is developing between our two companies," said Ian Basford, President of Axion Spatial Imaging. Government agencies, companies, and individuals which currently use geo-imagery will now be able to utilize Boyd Geomatics' web-based ENCOMPASS mapping technology software, coupled with Axion's ADMT, to instantly retrieve, analyze, and process large amounts of very detailed geo-imagery, lines and database tables for all resource-based applications throughout the province, beginning with forest resources planning and firefighting, applications, as well as municipal district planning. In effect, ENCOMPASS will provide to Alberta's resource planners instant access to detailed geo-imagery and related map data of the entire province via the Internet. Except for the historical information presented herein, the matters set forth in this press release are forward looking statements within the meaning of the "safe-harbor" provision of the Private Securities Litigation reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially. These forward-looking statements speak only as of the date hereof. The Company disclaims any intent or obligation to update these forward-looking statements. Axion Spatial Imaging, and ADMT are registered trademarks of Axion Spatial Imaging. All other names and trademarks mentioned above are held by their respective owners and hereby acknowledged. --30--CER/se* CONTACT: Axion Spatial Imaging contact - Alliance Strategic (A.S.P.) Richard Diotte, 418/527-3362 Fax: 418/ 527-3870 Profile@total.net or Boyd GeoMatics Ltd. Larry Herd, 403/543-5377 Fax: 403/262-4344 www.boydgeo.com KEYWORD: INTERNATIONAL CANADA INDUSTRY KEYWORD: COMED COMPUTERS/ELECTRONICS INTERACTIVE/MULTIMEDIA/INTERNET PRODUCT