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Gold/Mining/Energy : BCE Emergis - global e-commerce -- Ignore unavailable to you. Want to Upgrade?

To: rocki who wrote (960)	9/27/1999 12:09:00 PM
From: rocki	Read Replies (1) \| Respond to of 1341

TotalNet gone to PSINet, value not disclosed, funds to go towards recent acquisition. From Yahoo Monday September 27, 9:38 am Eastern Time BCE Emergis sells ISP to PSINet (Full text of press release from BCE Emergis E-News) BCE Emergis Sells TotalNet Inc. to PSINet Ltd. Moves towards increased focus on Business to Business e-commerce transactions BCE Emergis announced today that it has concluded an agreement with PSINet Ltd., a wholly-owned subsidiary of PSINet Inc., to acquire TotalNet Inc., a Montreal-based Internet service provider and a wholly-owned subsidiary of BCE Emergis. BCE Emergis and PSINet will be working together to ensure a seamless transition for both TotalNet employees and customers. "TotalNet, as it addresses primarily the consumer market, did not fit with our strategic business to business focus," said Brian Edwards, President and Chief Executive Officer, BCE Emergis. "Our customers and employees will be well-served by PSINet, and BCE Emergis will utilize the net proceeds of that transaction to fund a portion of the cash component for the acquisition of SNS/Assure and Assure Health announced last week." PSINet Limited, established in 1996 with headquarters in Toronto, is a wholly owned subsidiary of PSINet Inc. Headquartered in Herndon, VA. PSINet (NASDAQ: PSIX) is a global facilities-based Internet Protocol (IP) data communications carrier focused on the business marketplace. As the first and largest independent commercial Internet service provider in the world, PSINet offers a broad set of high-speed corporate LAN connectivity services supporting managed security and guaranteed Internet, Intranet, electronic commerce, Web hosting services, and services for other carriers and ISPs. PSINet operates an international state-of-the-art frame relay and ATM-based, IP-optimized network consisting of over 600 POPs around the world. For more information please refer to www.psi.ca. BCE Emergis delivers network-centric e-commerce services that improve customer processes through the exchange of secure transactions. Combining e-commerce services, network connectivity, security and e-payments solutions through industry verticals, BCE Emergis offers a full suite of core technologies that are the essential building blocks for electronic commerce. BCE Emergis is among the top electronic commerce providers in North America and is listed on the TSE 300 Composite Index. For more information, please refer to www.emergis.com. This news release contains certain forward-looking statements that reflect the current views and/or expectations of BCE Emergis with respect to its performance, business and future events. Such statements are subject to a number of risks, uncertainties and assumptions. Actual results and events may vary significantly. - end - For more information: Anne Belliveau Dave Copp General Manager,