Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Versus Technologies Inc. (Canada) IPO -- Ignore unavailable to you. Want to Upgrade?

To: AJ Berger who wrote (105)	9/1/1999 8:33:00 PM
From: arisetech	Read Replies (1) \| Respond to of 131

From: newsout@canada-stockwatch.com Date: Wed, 01 Sep 1999 15:38:20 -0700 Subject: Stockwatch: Versus Technologies Inc - News Release To: Versus launches IPO Centre; Yorkton distribution deal Versus Technologies Inc V Shares issued 11,619,874 Sep 1 close $10.50 Wed 1 Sept 99 News Release Ms. Colleen Moorehead reports E-TRADE Canada, a leading on-line investing service for individual Canadian investors, has launched of its IPO Centre in Canada. Through the IPO Centre, E-TRADE Canada customers will be able to participate in on-line initial public offerings in Canada. E-TRADE Canada is inaugurating its IPO Centre in September with its participation in the initial public offering of Chapters Online Inc., one of Canada's leading on-line retailers. "The IPO Centre represents a breakthrough for individual investors and E-TRADE Canada," said Colleen Moorehead, president of E-TRADE Canada. "We are not only continuing to revolutionize financial services by providing customers with the best investment tools, we are levelling the playing field for individual investors. E-TRADE Canada's IPO Centre will have everything customers need to gain access on-line to initial public offerings in Canada so that they are in control of their financial future. The IPO Centre will give individual investors critical information prior to investing." E-TRADE Group Inc., the company from whom E-TRADE Canada licenses its technology, has participated this year in more than 50 on-line share offerings in the United States. "The majority of shares of Internet-based companies like Ebay, Amazon and Yahoo!, are held by retail investors, not institutional investors. In some cases like iVillage, over 90 per cent of the shares are held by retail investors," said Ms. Moorehead. "The U.S. experience has helped us understand the important role that E-TRADE Canada can play in IPO distribution. E-TRADE Canada's business model augments the IPO Centre by providing essential support through its on-line content, analysis tools and 24/7 access." "E-TRADE Canada will continue to lead the way and provide added value to on-line investors with a line-up of new services to be unveiled this fall," said Ms. Moorehead. An amended and restated preliminary prospectus relating to these securities has been filed with securities commissions or similar authorities in all the provinces of Canada but has not yet become final for the purpose of a distribution to the public. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale or any acceptance of an offer to buy these securities in any province of Canada prior to the time a receipt for the final prospectus or other authorization is obtained from a securities commission or similar authority in such province. This press release shall not constitute an offer of securities in the United States. These securities may not be offered or sold within the United States absent registration or an exemption from registration. Chapters Online Inc. has not and will not register these securities under the United States Securities Act of 1933, as amended. Ms. Moorehead also reports E-TRADE Canada has reached an agreement to distribute new issues led by Yorkton Securities Inc. as part of its launch of the E-TRADE Canada IPO Centre. As part of this exclusive agreement, E-TRADE Canada will also offer Yorkton research to its on-line clients on a subscription basis. "Through this agreement, our clients will have access to some of the best technology IPOs offered in this country. In the past, these issues have been available predominantly to large institutions and brokers' best clients," said Colleen Moorehead, president of E-TRADE Canada. "Combined with Yorkton's significant underwriting expertise in this exciting sector, E-TRADE Canada can now offer a unique communication tool to the on-line communities of these technology companies." "In the U.S., on-line retail investors have become an important investor community for our issuing companies," said Roger Dent, vice chairman and director of research of Yorkton Securities. "We want to ensure that Canadian issuers are able to obtain the best possible distribution for their IPOs. Our partnership with E-TRADE Canada is an important experiment in the enhancement of IPO distribution in Canada. By pairing our research with IPO access, we can ensure that on-line investors have all the information they require to stay informed on our issuing companies on an ongoing basis." Beginning in October, E-TRADE Canada customers may register to receive Yorkton research free for 30 days, after which they may subscribe for both knowledge-based or resource-based research for a monthly fee. Access to this highly-ranked research on an unbundled basis further levels the playing field for the independent on-line investor. About Yorkton Securities Yorkton Securities Inc. is a specialized Canadian investment dealer with focused expertise in knowledge industries and natural resources. Yorkton believes that a focused approach creates a superior ability to predict the course of rapidly-unfolding events in the knowledge industries sector and leads to better investment returns. Yorkton is a leading underwriter of knowledge industries new issues in Canada. Yorkton employs over 20 research professionals dedicated to the technology, telecommunications, health care, media and entertainment, lifestyle and leisure, industrial technology, mining and oil and gas sectors. The company, which is employee-owned, has over 400 employees in offices across Canada, in the United States and in Europe. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com