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 : Microforum (MCF:TSE) -- Ignore unavailable to you. Want to Upgrade?

To: arisetech who wrote (3258)	10/19/1999 9:18:00 AM
From: SIer formerly known as Joe B.	Read Replies (1) \| Respond to of 3896

FULL TEXT-Microforum <MCF.TO> to acquire Two Door (Full text of press release from Canada NewsWire) Microforum to acquire Two Door Communications Inc. TORONTO, Oct. 19 /CNW/ - Microforum Inc. (TSE:MCF) is pleased to announce that it has entered into a preliminary non-binding letter of intent to acquire Two Door Communications Inc., a Toronto-based new media and communications company. The terms of the transaction were not disclosed but the purchase price is expected to consist of cash and common shares. The letter of intent is subject to a number of conditions including completion of due diligence, entering into definitive documentation, and receipt of regulatory and director approvals. The parties expect to close the transaction on or before November 12, 1999. Two Door is a profitable company that offers a broad range of communications solutions from online marketing and communications programs, to driving online sales through traditional advertising channels. Two Doors award winning content has attracted well respected clients such as Dell Computer, Xerox, Netcom, Absolut Vodka, MGI, First Interactive Computer College, Balisoft, Brightspark and Softquad. Two Door will be integrated into Microforum, with the primary focus on e-commerce marketing and playing a key role in the definition, management and deployment of URL marketing campaigns. "It takes more than technology to create a successful e-commerce endeavor, and while our technology is winning a lot of business; we also need to provide support in the increasingly competitive e-business industry," said Howard Pearl, CEO of Microforum. "Through the addition of Two Door Communications we now have a better understanding of how to market, helping us fulfill our commitment as a provider of end-to-end e-commerce solutions." "We are excited about the opportunity to partner with Microforum," said Marc Giacomelli, Creative Director of Two Door Communications. "Our clients will benefit from Microforum's technological services like web design, e-commerce solutions, online credit approval systems and multimedia development; and their clients will gain from our strategic brand building abilities and advertising strengths." About Two Door Two Door was founded in 1995 with the goal of becoming a highly responsive, uniquely flexible, strategic, creative consultant and communications provider to the high-tech sector of North American business whether direct to businesses, through their agencies or by acting as a strategic marketing department within businesses themselves. A wide-array of clients, past and present includes: Netcom/AT&T Canada Internet Services, Goodman Phillips & Vineberg, Dell Canada, (No. 3 e-commerce sales worldwide) Xerox Canada; Intel Canada (No. 1 online sales worldwide), MLeap; MGI Software, Absolut Vodka; BaliSoft, Mannacom, Classwave, eMed Technology (US); Netcom US; Drug Trading; Doctors for Research Integrity. About Microforum Microforum Inc. (www.microforum.com) is a total-response, Internet commerce and communications corporation providing a broad range of electronic commerce and integrated marketing, creative and database services. Microforum's wholly-owned subsidiaries include Internet Frontier Inc. (www.ifront.com) doing business as iFront and Software Guaranty (www.softwareguaranty.com), PPL Marketing Services Inc., Marshall Fenn Communications Inc. and Poste Haste Systems Inc. /For further information: Investor Information - The Investor Relations Group (604) 689-5255 or 1-800-444-9214, irg(at)invrel.com, www.invrel.com; Corporate Information - Howard Pearl, CEO and President, Microforum Inc. (905) 670-8000, hpearl(at)mf.com/ REUTERS * end of story *