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To: SSP who wrote (7233)	8/16/1999 10:01:00 AM
From: Link Lady	Read Replies (2) \| Respond to of 150070

What are your thoughts regarding this NR. Will it save Plaintree? newswire.ca Plaintree enters into amalgamation agreement with Targa Group Inc. Completion of transaction will result in amalgamation of Targa businesses into Plaintree OTTAWA, Aug. 16 /CNW/ - Plaintree Systems Inc. (TSE: LAN, NASD OTC BB: LANPF) announced today that the company has entered into an amalgamation agreement with Ottawa-based Targa Group Inc. The agreement is expected to result in Plaintree assuming control of Targa's businesses in exchange for Plaintree shares. A privately owned company with operations in Ottawa, Toronto, Arnprior and Charlotte, North Carolina, Targa Group Inc. designs and manufactures electronic equipment, primarily for the aerospace industry. The deal, subject to approval by Plaintree's shareholders within 90 days, is conditional on the conversion of outstanding Plaintree preferred shares into common shares. If approved, Targa Group's shareholders will then own 49% of Plaintree's shares. The combined operations will continue under the name of Plaintree Systems Inc. David Watson, Targa Group's CEO, will become Plaintree's president and CEO upon completion of the transaction. Jay Richardson, Plaintree's current president and CEO, will assume a position on the company's Board of Directors. ''This is an exciting time for all of us,'' said David Watson. ''Combining Targa's healthy financial performance and project management with Plaintree's respected technology and excellent employee base will generate immediate and substantial benefits to both companies.'' ''We're thrilled at the opportunities this new relationship brings to Plaintree,'' said Jay Richardson. ''An amalgamation of our companies allows us to finally move forward with confidence to serve our customer base of more than 20,000 installed units, and broaden Plaintree's product family. Moreover, this transaction will strengthen Plaintree's senior management team in a very positive way.'' About Targa Group A privately held company established in 1993, Targa Group Inc. of Nepean (Ottawa) has ownership in four business operations, which combined, generate approximately CDN$9 million in revenues and maintainable net income of over CDN$1.6 million per year: TARGA ELECTRONICS SYSTEMS INC. of Ottawa, Canada and Charlotte, North Carolina manufactures and designs ruggedized data storage systems for military and avionics applications. HYPERNETICS LTD., of Arnprior, Ontario, Canada, designs and manufactures cockpit instrumentation and components for anti-skid systems for aircraft. TIDAL QUALITY MANAGEMENT CORP. of Ottawa owns property of 25,000 square feet, for lease to high technology companies. WADE-TECH CAD AND GRAPHICS INC. of Toronto and Ottawa, restructured from the assets and key personnel of the former Norman Wade Company, supplies products to the engineering and architectural community. Targa Group's mandate is to build long-term shareholder value and consistent earnings through a growth strategy combining internal expansion and acquisition. About Plaintree Systems A publicly held company, founded in 1988, Plaintree Systems develops and sells local area network switches, maintaining a reputation for high quality products and technical support. Headquartered in the Ottawa region, Plaintree also maintains operations in the US. Plaintree is publicly traded in Canada on the TSE and in the US on the NASD OTC Bulletin Board. Plaintree maintains a World Wide Web site on the Internet at plaintree.com. This press release includes statements that are forward looking and based on current expectations. The transaction is subject to certain conditions including shareholder approval, and therefore, a risk of non-completion. The actual results of the Company may differ materially from current expectations. The business of the Company is subject to many risks and uncertainties, including changes in markets for the Company's products, delays in product development and introduction to manufacturing and intense competition. For a more detailed discussion of the risks and uncertainties related to the Company's business, please refer to documents filed by the Company with the SEC and Canadian regulatory authorities, including the Company's prospectus dated May 20, 1997. %SEDAR: 00001576E -30- For further information: Jay Richardson, President & CEO, Plaintree Systems, Tel: (613) 831-8300, E-mail: jrichardson@plaintree.com; David Watson, President and CEO, Targa Group Inc., Tel: (613) 727-9876, E-mail: targa@netcom.ca; Cathy Browne, High Road Communications, Tel: (613) 236-0909, E-mail: cbrowne@highrd.com

To: SSP who wrote (7233)	8/16/1999 10:01:00 AM
From: CIMA	Respond to of 150070

ECNC - Monday August 16, 9:29 am Eastern Time Company Press Release eConnect and E-SAFE target 100,000 Australasia and U.K. Homes for Same-as-Cash Impulse Internet and Non- Internet Sports Bets and Purchases Project monthly revenues of $100 per home paid by merchants LOS ANGELES/SYDNEY, Australia--(BUSINESS WIRE)--Aug. 16, 1999-- eConnect (OTC BB:ECNC) announced today the formation of a joint venture (strategic alliance) with an Australian group (E-SAFE) to develop Same-as-Cash(TM) purchases and sports betting in Australia, New Zealand, Hong Kong and other Commonwealth countries. E-SAFE, of Sydney, was recently formed by Sydney Fund Managers Group of which Iain Gray is managing director. Sydney Fund Managers Group is a public but unlisted specialist investment company whose name is well recognized and respected by the global investment community. Management expects that, within 12 months, 100,000 homes in this region will have been equipped with eConnect proprietary equipment to facilitate Same-as-Cash purchases and betting. Each of these homes is expected to generate an average of $100 in gross revenue per month for the joint venture, which will be known as ETTA (Electronic Transactions and Technologies Australasia). If projections are achieved, the $120 million per year of gross revenue, after deducting expenses of the joint venture, will allow eConnect to realize net income from the project of more than $48 million per year. Management believes that its estimate of 100,000 homes in 12 months may be exceeded by a large margin. eConnect believes itself to be in the vanguard of the e-commerce, Same-as-Cash revolution and is extremely optimistic that its growth over the next few years will be exponential in terms of both revenue and earnings. Management expects to report substantial revenue and net earnings for its fiscal year ending Dec. 31, 2000, from its divisions of eGaming and eGate. The strategic alliance of ETTA will be an integral part of that growth. This news release contains forward-looking statements subject to the safe-harbor provision created by the Private Securities Litigation Reform Act of 1995. Management cautions that these statements may include projections and estimates of future performance and involve certain risks and uncertainties. Actual results could differ materially from those anticipated in these forward-looking statements as a result of factors such as changes in the marketplace, unanticipated competitive activity, a downturn in economic conditions or delays in product development. -------------------------------------------------------------------------------- Contact: For eConnect: Carnegie Cooke Anita Goldberg, 800/262-2331, investor relations www.e-connect.cc www.ezyshop.cc or E-SAFE Bruce McWilliam, 011-61-2-9267-7555 or For ET&T: Prima Capital Elias Argyropoulos, 800/600-8599

To: SSP who wrote (7233)	8/16/1999 10:02:00 AM
From: Link Lady	Read Replies (2) \| Respond to of 150070

Here is another that may be interesting newswire.ca Multiactive Announces Conditional Listing Approval From Toronto Stock Exchange VANCOUVER, British Columbia, Aug. 16 /CNW/ -- Multiactive Software Inc. (CDN: MSWI), a leading provider of innovative e-business front office solutions designed to attract and retain customers, announced today that it has received conditional approval for the listing of its common shares for trading on The Toronto Stock Exchange. Listing of Multiactive's common shares is subject to compliance with all of the requirements of The Toronto Stock Exchange on or before November 10, 1999. Multiactive Software Inc. will be traded under the symbol, "E." "This listing increases the Company's profile in the investment community," said Terry Hui, Chairman, Multiactive Software. "It enhances the Company's ability to execute mergers and acquisitions as part of our growth strategy." Multiactive Software also appointed Roger Mutimer to the role of Chief Financial Officer. In this position, Mutimer will oversee the corporate finance function and will play a key role in managing the growth strategy, including future acquisitions. To date, Multiactive Software has experienced rapid growth. Multiactive's second quarter revenue ending May 31, 1999 was $6.34 million, which represented an increase of 51% over the same period last year. Brent Halverson, President, Multiactive Software commented, "This revenue stream will continue to grow as we concentrate our efforts on the e-business sector and the Internet's role in today's organization. And with the overwhelming reception of our new e-business solution Entice!(TM) from the media and analyst communities, we anticipate future success." Entice! is the first automated system that is individualized to a customer's needs via the one-to-one selling and marketing concept. Instead of implementing an internal sales automation program that forces all customers to buy the same way, Multiactive Software offers an outwardly looking solution that allows the customer to define the selling process. This turns the customer's buying process into the company's selling process, resulting in improved customer acquisition and retention, and, ultimately, increased revenue and profit. InfoWorld magazine rated Entice! "very good" in its August 9, 1999 review, stating, "Entice! lets you track advertising effectiveness and provide online customer service, in addition to allowing you to build an online catalog. Multiactive's Entice! makes customer interaction easier, and its e-commerce features are as good as many stand-alone e-commerce products. Further, its interactive marketing and prospecting features should lower the cost of acquiring new business and building personalized relationships with customers." About Multiactive Software: Multiactive Software Inc. is a leading developer of innovative e-business, sales, marketing, and customer management software, including Entice!(TM), ecBuilder(R), ecBuilder Pro, Maximizer(TM), and Maximizer Enterprise(TM). Designed to attract and retain customers, these award-winning applications are used by more than a million people worldwide. ecBuilder recently received the prestigious "Best Internet Commerce Software" Codie Award for 1999 from the Software and Information Industry Association (SIIA). The company has offices located throughout North America, Latin America, Europe, and Asia Pacific and a customer base that includes such leading companies and institutions as Siemens, BankBoston, Travelers Insurance, Virgin Records, and Pennzoil. To find out more about Multiactive Software and its products, call 800-804-6299 or visit multiactive.com . This release may contain certain forward-looking statements reflecting Multiactive Software Inc.'s current expectations in the electronic business and sales and customer management software markets. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including, without limitation, changes in market and competition, technological and competitive developments, and potential downturns in economic conditions generally. Additional information on these and other potential factors that could affect the Company's financial results are detailed in documents filed from time to time with the Ontario Securities Commission. NOTE: All trademarks or registered trademarks stated herein are properties of their respective owners. CONTACT: Brenda Christensen, VP, Corporate Communications, 818-884-5391, or blcmultiactive.com, or Brent Halverson, President, 604-601-8048, or brenthmultiactive.com, both of Multiactive Software Inc. -30- For further information: Brenda Christensen, VP, Corporate Communications, 818-884-5391, or blc@multiactive.com, or Brent Halverson, President, 604-601-8048, or brenth@multiactive.com, both of Multiactive Software Inc. /Web site: multiactive.com