To: banco$ who wrote (281 ) 2/17/2000 9:21:00 AM From: Jules Read Replies (1) | Respond to of 350
Company Press Release Vengold Inc.: itemus Inc., Launches With National E-Dream Team TORONTO, ONTARIO--Ian Telfer, President and CEO of Vengold Inc. [OTC BB:VENGF.OB - news] announced today the transformation of Vengold Inc. into itemus Inc. (NASDAQ, OTC: VENGF - news news). He also revealed the members of the itemus Inc. Management team. Led by CEO Jim Tobin, the Team includes Rory Holland, Mark Maybanks, David Schulz, Alison Lawton, Curtis Hollister and Anthony Iantorno. The new Canadian company will focus on accelerating Canadian talent and technology onto the world stage through applied operational expertise and significant investments, beginning with $70 million of capital. ''I am very excited about the creation of this new company. itemus Inc. will provide Canadian high-tech start-ups with the expertise and infrastructure they need to compete globally,'' said Telfer. Noted Telfer: ''The quality of the team we have assembled to run itemus Inc. is unsurpassed.'' Jim Tobin, formerly Executive Vice President of BCE is the founder of BCE Emergis, a $15 B Canadian E-commerce leader. Mark Maybanks, comes to itemus Inc. from Yorkton Securities Inc. where he was Canada's leading technology analyst. Rory Holland, David Schulz and Alison Lawton are the founders of Vancouver's Idea Park (www.IdeaPark.com), Western Canada's premier Incubator that is being acquired by itemus Inc. Curtis Hollister is the founder of Intrasoft Technologies Inc. (www.intrasoft.ca) of Ottawa, another company being acquired by itemus Inc. Anthony Iantorno comes to itemus Inc. from General Electric, NBC and CMGI with extensive experience in media technologies. ''My intention is to make this a true talent magnet within Canada,'' said Tobin. ''This exciting opportunity will serve to provide vital infrastructure for Canadian ideas. itemus Inc. will provide sizable new facilities, world-class Web and software development resources, new knowledge capital, international contacts, and smart capital,'' he added. The company's shares are traded on the TSE (VEN) and on the NASDAQ, OTC (VENGF).