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Gold/Mining/Energy : Meteor Technologies -- Ignore unavailable to you. Want to Upgrade?


To: jerry janko who wrote (103)8/11/1999 2:58:00 AM
From: Wizzer  Read Replies (1) | Respond to of 2127
 
I watch this stock daily, and I believe it is being accumulated. It seems to demonstrate it over and over to me as I watch the real time depth. Maybe it will start to move up when the accumulation in the 26-29 (give or take a penny) area happens. I am reassured that this stock is holding up at an upper level (high 20's range)which should make this area a new base of support (I hope), at least in the short term. Just my opinion.

Regards, Wisam



To: jerry janko who wrote (103)10/7/1999 7:16:00 PM
From: The Barracudaâ„¢  Respond to of 2127
 
From: Meteor Technologies Inc. (MMI)
meteortechnologies.com
mailto:info@MeteorTechnologies.com
---------------------------------------------------------------------------
Re: News Releases - Thursday, October 07, 1999
Two B.C. Science Organizations Provide $400,000 To Thoughtshare
Communications
===========================================================================
Two British Columbia science organizations - one of them representing
the BC
government - have agreed to contribute up to $200,000 each to
ThoughtShare
Communications Inc. (TSCI) of Vancouver, for a total new funding of
$400,000.

The funds, from the Science Council of British Columbia and the BC
Advanced
Systems Institute, are to help TSCI develop its unique organizer for
Internet
web browsers. The funds will be provided in stages based on TSCI
reaching
specific milestones in its development of the application, which is
expected
to be released commercially next Spring.

"We're pleased by the level of support shown by these two provincial
science
and technology funding agencies at this early stage of the development
of
ThoughtShare," said Meteor director Fred Fabro.

TSCI, which is also partly owned by Simon Fraser University of Burnaby,
is an
investment of Meteor which has the right to purchase a 35% interest in
TSCI
for $500,000.

TSCI demonstrated a working prototype of the program for Meteor
directors and
management a week ahead of schedule in September and intends to develop
it
into a user-friendly software program called ThoughtShare. TSCI
believes that
its product will "enhance user interactions with the Internet by making
it
easier for users to structure and share information gathered during an
online
session with popular web browsers." TSCI is expected to launch the
commercial
version of the program next Spring.

In the Science Council's case, the funding is a grant that comes from
the BC
provincial government's Technology BC program, which is administered by
the
Council, and the money will not have to be repaid. According to its
agreement
with TSCI, the Science Council will fund 34% of specific TSCI expenses
up to
$200,000 in four stages over the next 12 months. TSCI has acknowledged
the
first payment, $50,000, which was provided when the agreement was
signed. A
further three payments totaling up to $130,000 will be forwarded as the

Council receives quarterly reports on ThoughtShare's progress. The
final
payment, up to $20,000, will be made when the Council approves the
schedule's
last quarterly report, which is expected about the end of next year.

The BC Advanced Systems Institute, on the other hand, is providing its
$200,000 as a loan. TSCI can take up to seven years to repay the loan,
but
the repayment terms are flexible. They are tied to specific milestones
being
met by TSCI -- such as ThoughtShare being released within two years --
and
can be converted into equity of TSCI at the discretion of the
Institute.

ON BEHALF OF THE BOARD

Jonathan George, President

THE ALBERTA STOCK EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.