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 : Net Shepherd Inc. (WEB) on ASE -- Ignore unavailable to you. Want to Upgrade?

To: Denise D who wrote (784)	2/3/2000 4:26:00 PM
From: Barry K	Respond to of 1252

Thursday February 3, 3:44 pm Eastern Time Company Press Release Weaving A Tangled Web -- Net Shepherd In Case of Mistaken Identity CALGARY, Alberta--(BUSINESS WIRE)--Feb. 3, 2000--(CDNX:WEB. - news) Net Shepherd Inc.(CDNX: WEB - news) announced today that it has no connection with Webraska Mobile technologies, which issued an announcement yesterday carrying the symbol WEB. ``We've had quite a few calls about this announcement,' explained Peter Hunt, Net Shepherd's Vice President of Corporate Affairs. ``Webraska provide real-time traffic information, maps and navigation on mobile phones. They are not publicly traded and the WEB symbol seems to be a reference to their stand at an exhibition in France and nothing to do with a stock exchange.' ``Net Shepherd's combination of Distributed Task Forces and an Internet Community Management System will be providing a range of high-speed, lost-cost, paradigm-breaking information services for businesses,' said Hunt, ``but updating 26 maps of Paris' most congested locations isn't one of them.' Background Notes: Net Shepherd's technology helps companies that want to transform the way they do business and create new opportunities using the Internet. It uniquely uses an Internet-based community of Distributed Task Forces to provide the gathering of information and the management of work at the speed of the Internet. Net Shepherd develops, partners with and invests in companies that use this technology in a variety of different applications. Net Shepherd Inc. is traded on the Canadian Venture Exchange under the symbol WEB. Information and statements in this document, other than historical information, should be considered forward-looking and reflect management's current views of future events and financial performance that involve a number of risks and uncertainties. Factors that could cause actual results to differ materially include, but are not limited to, the following: general economic conditions and developments within the Internet and Intranet industries; product development and technology changes; competition and pricing pressures; length of the sales cycle; variability of sale order flow and the management of growth. ``THE CANADIAN VENTURE EXCHANGE HAS NEITHER APPROVED NOR DISAPPROVED THE INFORMATION CONTAINED HEREIN.' Contact: Net Shepherd Inc. Peter Hunt, Vice-President, Corporate Affairs 900, 800 6th Avenue SW Calgary, Alberta T2P 3G3, Canada Phone: 403/218-8917 Fax: 403/232-6711 E-mail: peter.hunt@netshepherd.com Website: www.netshepherd.com

To: Denise D who wrote (784)	2/3/2000 7:04:00 PM
From: Crazy Canuck	Read Replies (1) \| Respond to of 1252

>>NET SHEPHERD ANNOUNCES TIMETABLE FOR CLOSING DEAL WITH THE VANENBURG GROUP - Special Meeting for shareholders scheduled for March 21st<< I have to tell you that I find this news extremely encouraging! I am painfully aware that whenever there are protracted negotiations taking place, there is always an element of risk that during the heat of the talks the whole process could break down and both sides would leave the table and go their separate ways. Well with this announcement or clarification from NSI, I am thrilled to say that it appears that everything is going along swimmingly ( I actually never thought I would use that word in a sentence <ggg>). However, just to be sure that this was indeed the case, I placed a call to Peter Hunt to ask him to confirm my feelings and clarify a few points for me. He told me that they are now down to the last few details within the agreement and virtually all of the main elements of the negotiations have been agreed to. All sides are confident that they will be wrapping up the talks by the end of the week (tomorrow). Now, I have to tell you that hearing him say this has lifted a tremendous load off my mind. Why, well it means that this great growth company of ours will be rock solid and it will be poised perfectly for the future. It also means that now everyone involved will be able to get back to focusing on taking this company (or make that companies) to much higher levels. After Friday, their schedule will entail finalizing the drafts of the documents and then forwarding all their work to the CDNX for their approval. Peter anticipates that this process should take them approximately one week. I have also heard that that the stack of these documents is about the size of a phone book. The exchange will then review the documents to ensure that the meaning is clear and the agreements are indeed solid. Following the approval from the exchange, NSI will be printing the required shareholder information for distribution (mailing) to shareholders. Peter feels that this will be a big job. They have planned for some slippage in their schedule, and as a result they expect to get the packages in the mail by the 21st of this month. Roughly 30 days later, they will hold the special shareholders meeting. Now, here is some wild unsubstantiated speculation on my part. I firmly believe that NSI will use the lag time between now and the meeting to create some excitement about what they have been working on for the past number of months. I will tell you that I am extremely excited about the possibilities that their technology offers. I also want to tell you that I was also fortunate to be able to have a conversation with Ric Charron yesterday (Ric is NSI's CFO). I had some questions to ask him about the progress being made with Answers.com. His response to me was that Bill Fogg and Mike Morrison from Answers.com "are just smoking!" They are doing some tremendous things down there that will catch everybody's attention. He also said that David Herman with the Business Intelligence company is also really doing a solid job of pulling things together as well. Now I want to emphasize that a person would be foolish to invest based on a telephone conversation, but I have to tell you that Ric seemed so excited about what was coming together that I couldn't help but get excited just talking to him. To top it off, I want to remind you that he is an accountant by trade, and accountants don't excite easily. <VBG> Sorry Ric, I apologize to you and all accountants out there for that shameless generalization. <LOL> Yes, today's news was great to read. I am now more confident about where this company is headed than ever before. And in case you are wondering, Yup, I'm having fun now. Crazy Canuck