Sideware Expands North American Presence by Signing Partner Agreements with
Valu-net
HERNDON, VA, Feb. 24 /CNW/ - Sideware Corp. - a wholly owned subsidiary
of Sideware Systems Inc. of North Vancouver, BC (OTCBB-SDWSF and CDNX-SYD.U),
and a developer of customer service solutions for e-business today announced,
that further to its strategy to establish a strong North American market, the
company has signed agreements with Valu-net Corporation of Toronto, ON
(CDNX-VNE) as an important Sideware Partner. Valu-net is a leader in the
Canadian e-business market, providing a full range of programs and services
for the business-to-business and business-to-consumer sectors. Valu-net will
integrate Sideware's Dr. Bean into their e-Business solutions as part of their
overall mission to ensure its customers realize the full potential of the
Internet.
Under the primary agreement, Valu-net will play a key role in Sideware's
Canadian VAR strategy with future plans to include the development of a
Sideware Systems sales and technical support center located in Valu-net's
corporate headquarters. The secondary agreement includes opportunities for
Valu-net to enhance its current e-Business enabling technologies and services
by adding the customer relationship management functionality of Sideware's Dr.
Bean for customers in the U.S. market.
James L. Speros, president of Sideware Corp. states that, "it's great to
have Valu-net on board as a Sideware Partner. They are a growing company that
has already established a strong Canadian market and is expanding its presence
to the rest of North America. This partnership agreement makes them a valuable
component of Sideware's future expansion plans."
Mr. Speros adds "Valu-net strategically teams with a number of
organizations to broadly leverage their e-business expertise and we are
pleased that this key player has chosen Dr. Bean to be part of their overall
solution."
"We are breaking new ground in Canada by combining Sideware's e-CRM
technology with Valu-net's e-business development expertise," said David
Lucatch, president and CEO of Valu-net Corporation. "This agreement
substantially increases our customer base by allowing Valu-net to uniquely
offer a product for enhancing stronger customer relationships that can easily
be built into both existing and future e-commerce Web sites."
About Valu-net Corporation
Founded in 1995, Valu-net develops online marketing and electronic
commerce programs for selling products over the Internet. This expertise is
used to directly create Internet business initiatives through Valu-net's own
divisions, joint ventures, and industry partnerships. In addition, Valu-net is
able to offer merchants a complete range of business enabling services to meet
the growing demand for secure and effective electronic commerce. These
services are available to merchants directly through Valu-net or indirectly
through agreements with agencies and resellers. Valu-net's division, the
eMerge Alliance (www.emergealliance.org) offers merchants easy entry into the
electronic commerce market with a turnkey solution that is both scalable and
cost-effective. Further information is available through Valu-net's corporate
web site at www.vncorp.com.
About Sideware
Sideware is an IBM ISV and Business Partner providing products, solutions
and integration services. The company has coupled Dr. Bean e-Customer
Relationship Management Technology ("e-CRMT") with IBM products providing a
flexible e-Business "backbone" for small companies to large corporations. The
company is a Java developer and has exclusively built Dr. Bean using Java and
Enterprise Java technologies. For further information on Sideware's total
solution or turnkey products and services, please visit www.sideware.com. For
investment information visit www.techwestmgmt.com/sideware. Sideware Systems
Inc., Corporate Headquarters in North Vancouver, BC publicly trades on both
the OTC Bulletin Board, "SDWSF" and in US Dollars on the Canadian Venture
Stock Exchange (CDNX) - "SYD.U". Sideware Corp., is Headquartered in Herndon,
VA, and is the center for the company's product sales and service operations.
ON BEHALF OF THE BOARD
OWEN JONES
CEO,DIRECTOR
THE CANADIAN VENTURE STOCK EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
The Private Securities Litigation Reform Act of 1995 provides a "safe
harbor" for forward-looking statements. Certain information included in this
communication (as well as information included in oral statements or other
written statements made or to be made by Sideware Systems Inc.) contains
statements that are forward-looking, such as statements relating to the future
anticipated direction of the high technology industry, plans for future
expansion, various business development activities, planned capital
expenditures, future funding sources, anticipated sales growth and potential
contracts. Such forward-looking information involves important risks and
uncertainties that could significantly affect anticipated results in the
future and, accordingly, such results may differ from those expressed in any
forward-looking statements made by or on behalf of Sideware Systems Inc. These
risks and uncertainties include, but are not limited to, those relating to
development and expansion activities, dependence on existing management,
financial activities, domestic and global economic conditions, changes in
federal or state income tax laws, and market competition factors.
%SEDAR: 00008990E
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For further information: INVESTOR CONTACTS: Richard S. Simpson, Mgr.
Corporate Relations, (604) 988-0440 ext. 260, ir@sideware.com; SALES
CONTACT: Michael Peacock, Sideware Corp., peacock@sideware.com,
(703) 437-9002 ext. 3010; PARTNER CONTACT: Marie Russell, Sideware Corp.,
mrussell@sideware.com, (703) 437-9002 ext. 3011; Valu-Net Corporation -
Valu-net Head Office: 334 Rowntree Dairy Road, Vaughan, Ontario, L4L 8H2,
Phone (905) 265-1225, Fax: (905) 265-0999, www.vncorp.com; Investor Relations:
Jay Hussey, The Equicom Group Inc., Phone (416) 815-0700 ext. 225, Fax
(416) 815-0080, jhussey@equicomgroup.com; Media Relations: Brad Friesen,
Friesen Strategic Inc, Phone (416) 921-6789, Fax (416) 921-6121,
brad@friesenstrategic.com;
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