To: Wayne Rumball who wrote (878 ) 8/10/1999 10:59:00 PM From: Daniel Miller Read Replies (1) | Respond to of 2942
Tuesday August 10, 4:14 pm Eastern Time Company Press Release Coi Solutions, Inc. Acquires Stake In Community-Builder.Com Inc. NEW YORK--(BUSINESS WIRE)--Aug. 10, 1999--Robert G. Jones, president of COi Solutions, Inc. (OTC BB:COSL), is pleased to announce the acquisition of 50 percent of Montreal-based Community-Builder.com Inc., a privately held Internet company. By combining the two companies, COi's ability to provide leading edge Internet solutions to its vertical markets of healthcare, travel and tourism, retail and telecommunications has been greatly enhanced. Community-Builder also brings tools and knowledge that will increase 'community of interest' market opportunities in other sectors. Robert G. Jones, president of COi Solutions, Inc., commented that ''Community-Builder brings some innovative approaches to interacting on the Net. I am also a big fan of U.S. companies working with the highly skilled, extremely creative Internet talent in Canada. This partnership opens up exciting new opportunities for COi Solutions to work in the Francophone community of Quebec.'' ''The partnership with COi Solutions, Inc. further augments our company strength by bringing together a wealth of management experience in the Internet and community networking arenas,'' stated Elizabeth Lepage, president of Community-Builder.com Inc. ''We are excited at the opportunity to grow our business, take advantage of increased customer opportunities, both in North America and globally, and about our combined market potential.'' Community-Builder.com designs and develops Internet-based tools to enable organizations and individuals working in a virtual business community to interact more effectively using customized Internet solutions. The first application, currently under development, is targeted to the medical community for the interactive management of medical referrals. This application complements a number of other electronic healthcare initiatives in which COi is engaged. About Community-Builder.com Community-Builder.com (CB) is a Montreal-based Internet start-up company, founded in 1999. The company is focused on building Internet tools that business-to-business Internet site owners can use to enhance member-to-member communications, transactions and knowledge sharing. The first application that CB is building will allow for a more efficient and responsive medical referral system. While the healthcare industry is the company's current main focus, this application has the potential to be replicated in other industry sectors such as travel and tourism, retail, and legal/professional services. About COi Solutions, Inc. COi Solutions Inc., a publicly traded company (OTC BB:COSL), builds electronic business solutions for global organizations based on a 'community of interest' principle. COi's prime focus is working with start-up companies to create totally integrated electronic solutions, combining strategic business, marketing and investment planning with high technologies, including the Internet and private intranets. With offices in the U.S. and Canada, the COi team offers a unique approach in working with its vertical market sectors of healthcare, retail, travel & tourism, and telecommunications. Visit us at coisolutions.com . NASDAQ has neither approved nor disapproved of this press release. Contact: Coi Solutions Inc. Geeta Naipaul-Denton, 905/799-4784 geeta.naipaul@sympatico.ca or Lexxus Capital Inc. Gary Robinson, 212/953-0865 lexxuscap@earthlink.net