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Gold/Mining/Energy : Angoss Software Corp. V.ANC -- Ignore unavailable to you. Want to Upgrade?

To: patt who wrote (688)	10/12/1999 4:32:00 PM
From: triplehrw	Read Replies (1) \| Respond to of 1006

Canadian Company Press Release ANC 1999-10-12 (provided courtesy of Canadian Corporate News.) register to receive future releases by email from CCN Angoss Has No Material News To Report TORONTO, ONTARIO--(ASE: ANC - www.angoss.com)-At the request of The Alberta Stock Exchange, ANGOSS Software Corporation, developer of the data mining solutions KnowledgeSEEKER, KnowledgeSTUDIO, KnowledgeExcelerator and KnowledgeAccess, reported today that it has no material information to report, and knows of no material information that would account for recent activity in its shares. Unaudited results for the quarter ended August 31, 1999 were released September 22, 1999 and should have now been received by shareholders of ANGOSS. Among other things, the interim statements confirmed that ANGOSS insiders have been net purchasers of the company's shares for the past 12 months. Since the completion of the third quarter the company has continued to focus on developing and expanding its business operations. During the ordinary course of operations the company enters into licensing transactions with various parties involving the acquisition of its data mining products, and also involving the development and delivery to such customers of solutions based on its data mining components. The company is also regularly engaged in discussions with industry partners and other interested parties on a variety of commercial transactions involving its products. If, as and when any transactions are entered into that would constitute material information within the meaning of applicable securities laws, appropriate disclosure of such information would be made. Upcoming events of interest to shareholders and others may include: * The appeal proceeding with respect to the previously disclosed TRIFOX litigation which is currently scheduled to be heard October 19, 1999. As previously noted, the timing and amount of any recovery is uncertain and would be subject to successful collection and recovery of amounts due from privately owned TRIFOX. * The commercial release of KnowledgeExcelerator and KnowledgeAccess, data mining add-ins for the popular Excel and Access spreadsheet and database applications of Microsoft (R) Corporation, scheduled for October 20, 1999. #### ANGOSS Software Corporation, headquartered in Toronto, Canada, develops and sells industry leading data mining solutions "at the intersection of the Warehouse and the Web". KnowledgeSEEKER and KnowledgeSTUDIO are sold to Global 2000 companies in the financial services, retail, telecom, health care and advanced manufacturing sectors. KnowledgeExcelerator and KnowledgeAccess, data mining add-ins for Microsoft Excel and Microsoft Access, are expected to be commercially available October 20, 1999. ANGOSS has offices or representatives worldwide, including the United States, France, Germany, Japan, Mexico, Central and South America, Scandinavia, and the United Kingdom. KnowledgeSEEKER, KnowledgeSTUDIO, KnowledgeExcelerator, KnowledgeAccess and KnowledgeExplorer are trademarks or registered trademarks of ANGOSS Software Corporation. Other trademarks and registered trademarks are the property of their owners. For more information, e-mail to info@angoss.com or call 1-416-593-1122. #### This press release may contain forward-looking statements relating to the future performance of ANGOSS Software Corporation. Forward-looking statements, specifically those concerning future performance and the achievement of operating profitability are subject to certain risks and uncertainties, and actual results may differ materially. These risks and uncertainties include the risk of possible customer disappointment or dissatisfaction with ANGOSS Software products, and any resulting failure to expand the user base as anticipated by the Company; the Company's limited operating history and losses; increases in expenses; unproved market acceptance of the Company's products and services; technical uncertainties related to releases of new or modified products and adapting products to specific customer requirements; risks involving management of growth; competition and the introduction of new entrants and/or new products in the Company's markets; product development risks and risks of technological change; the risk of unanticipated expenses or asset reevaluations; and other risks and uncertainties all as described in the disclosure documents filed with securities regulatory authorities in accordance with applicable securities laws. Note: The Alberta Stock Exchange has neither approved nor disapproved the above information. -30- FOR FURTHER INFORMATION PLEASE CONTACT: Angoss Software Lon L.E. Vining Chief Financial Officer (416) 593-2420 lvining@angoss.com -------------------------------------------------------------------------------- Legal Notices Privacy Statement -------------------------------------------------------------------------------- New User Fran‡ais Corporate Links Basic Plus Industry Watch About Carlson Online Basic About Carlson Online Plus About Carlson Online industry watch Quotes & Market Stats Equity Search Today's Headlines Compare Equities Canadian Company information Insider Trades US company information Short Positions ¸ Copyright Carlson Online Services Inc, 1996-1999. All rights reserved.