To: Jean-Robert Grenier who wrote (27 ) 12/14/1999 12:30:00 PM From: Hudson Respond to of 38
NETgraphe acquires shares of Webfin.com NETgraphe Inc WWW Shares issued 34,691,500 Dec 13 close $6.85 Tue 14 Dec 99 News Release Mr. Pierre Simon reports Webfin.com inc., the largest French language financial Web site in North America, signed an agreement with Netgraphe Inc., under which Netgraphe will purchase 66 2/3 per cent of the shares of Webfin.com inc. The cash transaction was evaluated based on good will of over two million pages read monthly, with visits averaging more than 14 minutes in duration. This agreement will grant the portal InfiniT.com superior financial content. With the launching of the InfiniT.com portal, Webfin.com will become the investment section of the site (Investir). "This strategic alliance undeniably gives the Internet and investment an unprecedented boost in Quebec," said Pascale Berthiaume, co-founder and vice-president of Webfin.com. "Webfin.com is perfectly integrated with Netgraphe's strategy of establishing a significant presence in the financial services niche," said Pierre Simon, chairman of the board of Netgraphe. In addition, Webfin.com will soon be unveiling its enhanced formula, which gives on-line investors access to a panoply of new applications. They will be able to build personalized portfolios, seek out analysts' opinions on public companies and download a market review in audio and video formats -- a first in the French language finance world. Webfin.com is one of the first sites to offer this technology, which keeps net surfers up-to-date with stock market and finance news. The site includes the largest French language discussion forum in the world, on the topic of North American markets. Thousands of messages are posted at the forum every day. Webfin is aimed at investors and people with inquiring minds. It is also a good initiation to the stock markets: mutual funds, exclusive news, special features and a broad spectrum of contributions from finance newsmakers; in short, peak quality and financial information.