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Gold/Mining/Energy : Derlan (T.DRL) -- Ignore unavailable to you. Want to Upgrade?

To: crgreen who wrote (312)	1/18/2000 3:54:00 PM
From: Stephen O	Read Replies (1) \| Respond to of 319

Derlan Ind: Gains 10% Of Spellcaster Telecommunications Inc 1/18/0 13:11 (New York) 00/01/18 Market News Publishing Inc. No: 000261 DERLAN INDUSTRIES LTD ("DRL-T") - Gains 10% Of Spellcaster Telecommunications Inc Derlan Industries Limited announced that, in conjunction with the acquisition of MediaGlobe Networks Inc. by SpellCaster Telecommunications Inc., it now has a 10 per cent Common Share interest in SpellCaster in addition to its holding of Preferred Shares. SpellCaster is a privately held company that provides digital telecommunication solutions for Linux-based systems and has been developing products based on the Linux platform since 1995. As a result of the MediaGlobe Networks acquisition, SpellCaster has acquired full ownership rights to a Linux-based server software family. This software is currently being used as the primary operating system software on the servers of a select group of international corporations. The company plans to formally launch its new range of Linux-based products during Q2, calendar 2000. Existing SpellCaster customers include Cisco Systems, Bell Atlantic and ComStock/Standard & Poor's. Robert Lavigne, President of SpellCaster, said: "SpellCaster continues to put Linux to work and has pioneered the use of the open source operating system to significantly reduce both the time and cost of development for its customers. The use of Linux has given SpellCaster a significant advantage over traditional, proprietary operating systems, communications and control systems providers in the Internet, telecom and automation control fields." Derlan has been an investor in SpellCaster since 1996. The recent wide acceptance of Linux in the market, combined with the newly acquired line of Linux-based server solutions and the rapid growth of the Internet and telecommunications industry could provide Derlan near term benefits through this portfolio investment. "This is an ideal time for Derlan to capitalize on its involvement in SpellCaster and assist the company in bringing to fruition its near-term goals of enhancing shareholder value," said Dermot Coughlan, Chairman of Derlan. About SpellCaster SpellCaster Telecommunications is at the forefront of ISDN and remote access technology for the Linux operating system. SpellCaster's family of products includes both hardware and software designed to provide a remote access platform for Internet and intranet applications. Information about SpellCaster and its current product offerings can be found at www.spellcast.com About Derlan Derlan Industries Limited is an industrial corporation, manufacturing products for the aerospace and pump industries. The Company has operations in Canada, the United States, Mexico and Germany. Its shares are listed on the Toronto Stock Exchange under the symbol DRL. For more information, please visit Derlan's web site at www.derlan.com. TEL: 416-364-5852 Stephen B. Taylor, Vice-President, Corporate Development Derlan Industries Limited TEL: 416-423-6605 Patricia Mitsuka, Benchmark Communications SPELLCASTER