To: Garry who wrote (88 ) 1/4/2000 8:26:00 AM From: John Walker Read Replies (1) | Respond to of 249
Big Picture to acquire Noteable! Big Picture Technologies Inc BPI Shares issued 16,294,250 Dec 31 close $2.30 Tue 4 Jan 100 News Release Mr. Michael Anthony reports Big Picture Technologies has completed a memorandum of understanding to acquire 100 per cent of the issued and outstanding shares of Noteable! Inc., for a combination of cash and shares. Calgary-based Notable! Inc. is a leading provider of Lotus Domino-based and Web-enabled "employee-facing" applications for managing employee expenses, time-based activities and customer relationship management. Its TimeTrak!, ExpenseTrak! and Contact! applications are currently employed by more than 25,000 users worldwide, including the Royal Bank, Arthur D. Little, Disney and 3COM. Noteable! recently announced that EDS of Plano, Tex., one of the world's largest systems integrators, will distribute Web-delivered versions of Noteable! products worldwide. Noteable! maintains officers in Calgary, Toronto and London, Ont. "Noteable! brings to Big Picture significant products, technologies and relationships that will advance this company's emerging status as a leading provider of Web-based and e-commerce-based tools and applications," said Michael Anthony, Big Picture president and chief executive officer. "I am particularly excited about Noteable!'s new venture into Web-delivered, subscription-based business applications, which complement and extend our strategic offerings and align nicely with the 'dot.com' infrastructure recently acquired with Morgan Media." Paul Sullivan, Noteable! CEO, stated: "I am excited by the many opportunities created by joining forces with Big Picture. Building on our success to date, Big Picture brings key skills in marketing, software productization and distribution, enabling us to achieve accelerated market penetration and leadership. We look forward with great anticipation to the synergies that will emerge from this relationship." Mr. Anthony added: "Big Picture now enters year 2000 with very aggressive internal and external growth objectives. This transaction completes, for the near term, our acquisition requirements in Canada, paving the way for our next strategic expansion into the United States." The memorandum of understanding is subject to the approval of the CDNX, the completion of due diligence and the execution of final documents. the parties have agreed to close the transaction prior to the end of January.