To: Slumdog who wrote (94531 ) 2/23/2000 12:58:00 PM From: H James Morris Read Replies (1) | Respond to of 164684
XLA's most valuable under-lying asset is a beautiful 5star hotel in the Canary Islands. That's where they'd go for dinner. Ps Do you think with the $money I last lost shorting XLA... They'd give a free room for a week? Btw Don't short XLA until the next split which is coming up soon. TRUST ME! > GRAND CAYMAN, British West Indies--(BUSINESS WIRE)--Feb. 22, 2000-- Xcelera.com Inc. (AMEX:XLA), the international Internet holding company today announced that it has acquired a minority holding in Corechange, a leading Web based infrastructure technology company focused on the B2B market. "Corechange's technology can play a central role in the trillion dollar emerging global B2B market," said Gustav Vik, Executive Vice President of Xcelera.com. "Corechange's unique technology will revolutionize the way information is accessed and presented to customers, suppliers, partners, management and employees. The products have global application, and are already deployed in seven countries in Europe and North America." Ulf Arnetz, President and Chief Executive Officer, "Over the past 2 years, we have developed and refined our role-based B2B and enterprise information portal software, Coreport, into one of the most advanced, industry-leading options for businesses who want to provide for their customers, partners and employees, a unified, orderly and efficient access to information through a single point. Our goal is to leverage our leading position to take advantage of the exploding B2B and enterprise information portal market. The B2B market alone expected to be worth $1.5 trillion in 2003 according to Forrester Research." Corechange customers include ABB, British Telecom North America, Credit Suisse First Boston, Duke University, Fidelity Investment, Ericsson, Volvo and WorldBank. "Corechange is an excellent strategic investment for us in the exploding global B2B market," said Alexander Vik, chairman and chief executive officer of Xcelera.com. "We are very pleased to add Corechange to our rapidly growing group of Internet companies." About Xcelera.com Xcelera.com, an international Internet holding company, trades on the American Stock Exchange under the symbol "XLA." Its efforts are focused on European Internet companies, Internet infrastructure companies, B2B companies and companies that provide their complete service and value proposition digitally on the Internet. The company presently has interests in Mirror Image Internet, an Internet infrastructure company that speeds up the Web; deo.com, an Internet music portal; MNW Records, Scandinavia's leading record company which plans on producing music over the Internet; and e-game.com, a leading developer and distributor of adgames. For additional information, visit Xcelera.com on the Web at www.xcelera.com. About Corechange Corechange, a leading Web based infrastructure technology company focused on the global business-to-business market. Corechange introduced its B2B and enterprise information portal software product, Coreport, in August of 1999. Coreport is the first and only browser-based portal product to provide users of whatever kind with a role-based single point of access to all information and applications simply, quickly and tailored to their needs. For additional information, visit Corechange on the Web at www.corechange.com. This news release contains forward-looking statements that involve risks and uncertainties. Factors that could cause or contribute to such risks and uncertainties include, but not limited to, general economic and business conditions. Competition, changes in technology and methods of marketing, and various other factors beyond the Company's control. This also includes such factors as described from time to time in the SEC filings by Xcelera.com Inc. CONTACT: Edelman PR Worldwide LaVonne McIver, 212/704-4515