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TORONTO STOCK EXCHANGE ("TSE-T") INFOWAVE SOFTWARE, INC. ("IW-T") - TSE
Bulletin 99-1226; Infowave Software, Original Listing
An application has been granted for the original listing in the Industrial category of 22,640,030
common shares, of which 17,762,701 shares are issued and outstanding, and 4,877,329 shares
are reserved for issuance.
These shares will be listed and posted for trading at the opening on Thursday, October 14,
1999.
The company is subject to the reporting requirements of section 19.09 of the Exchange's General By-law.
Stock Symbol: "IW"; CUSIP: 456925 10 6
Designated Market Maker:
N. Ramchandani
Canaccord Capital Corporation
Other Markets: The common shares have been listed on the Vancouver Stock Exchange since October 14, 1997.
Listing Statement No. 4838 is being prepared and the following constitutes information appearing in the Statement:
Head Office Address:
4664 Lougheed Highway
Suite 188
Burnaby, British Columbia
V5C 5T5
Head Office
Telephone Number:
(604) 473-3600
Incorporation: The company was founded in 1984 and amalgamated under the Company Act (British Columbia) on February 21, 1997
under the name Infowave Wireless Messaging Incorporated. The company changed its name to the current one on December 10,
1998.
Officers and Directors:
Chairman of
Morgan Sturdy
the Board
West Vancouver, British Columbia
President, Chief
Jim McIntosh
Executive officer
Anmore, British Columbia
and Director
Chief Operating
Bijan Sanii
Officer
West Vancouver, British Columbia
Chief Financial
Todd Carter
Officer
Vancouver, British Columbia
Vice President,
Gordon Watson
Finance
Coquitlam, British Columbia
Vice President,
Kevin Jampole
Sales & Marketing,
Richmond, British Columbia
Imaging Division
Vice President,
Ron Jasper
Marketing,
North Vancouver,
Wireless Division
British Columbia
Vice President, Sales, Jin Pak
Wireless Division
Surrey, British Columbia
Vice President,
Glen Tracey
Research and
Vancouver,
Development,
British Columbia
Imaging
Secretary
David Wedge
Vancouver, British Columbia
Director
Gary McIntosh
Burnaby, British Columbia
Director
Scot Land
Redmond, Washington
Director
David Neale
Toronto, Ontario
Nature of Business: Infowave is a software developer operating two distinct divisions - the Imaging Division and the Wireless Division.
Imaging Division
The Imaging Division creates third party printing solutions for the Apple Macintosh operating system, allowing users of the Macintosh
operating system to utilize printers designed for the Windows environment. The Company's core products, PowerPrint and
StyleScript, provide users with access to 1,600 printers built by industry leaders such as Hewlett-Packard, Epson and Canon. These
products are available in more than 40 countries in languages ranging from Japanese to Portuguese. This division accounted for
virtually all of the Company's $14.7 million revenues in fiscal 1998.
Wireless Division
The Wireless Division was created in 1993 and focused on the development of a client/server wireless messaging system. The
Company's flagship product, Infowave for Exchange, wirelessly extends the capabilities of Microsoft Exchange server, allowing a
mobile workforce to stay connected to the company network. The Company recently launched Infowave for the Net which is a
client/server product that provides mobile staff with wireless real-time access to an organization's Intranet.
Transfer Agent & Registrar: The Montreal Trust Company of Canada at its principal offices in Vancouver and Toronto.
Share Capital:
Authorized
- 100,000,000 common shares
Issued
- 17,762,701 common shares
Reserved
- 3,552,540 common shares issuable pursuant to stock option plan, of which options to purchase 2,187,939 common shares have
been granted at exercise prices ranging from $1.00 to $3.98, the last of which expire in September, 2004.
- 1,112,324 common shares issuable upon exercise of purchase warrants at a price of $3.75 until expiry June 30, 2000.
- 212,465 common shares issuable on exercise of agents' warrants at a price of $3.25 until expiry June 30, 2000.
Dividends: The Company does not anticipate paying dividends in the foreseeable future.
Sponsor:
Yorkton Securities Inc. TEL: (416) 947-4700
Toronto Stock Exchange FAX: (416) 947-4270
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