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Gold/Mining/Energy : T.ITE: iTech Capital (TSE) -- Ignore unavailable to you. Want to Upgrade?

To: Rob Davis who wrote (4286)	3/1/2000 9:31:00 PM
From: Rob Davis	Respond to of 5053

I thought I would post a little summary of where Jordex is at. It is by no means complete, however for newcomers to the thread it could be a good starting point for their research. ps. I'm not about to construct a "Keith" document. :) -=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=- Jordex (T.JDX) will soon be changing their name to iTech Capital Corp (name change voted on March 10, 2000). They are an internet b2b/telecom incubator company. They have partnered up with the Argentum Group and MF Private Capital Inc. (an investment affiliate of Manulife Capital Corporation). This provides iTech with extremely good deal flow. They are the only publically traded company to have an interest (222,000 shares) in Medsite.com. Medsite is expected to IPO on the NASDAQ during the second week of April with Credit Suisse First Boston as the lead underwriters. Other firms that have invested in Medsite are Goldman Sachs, Morgan Stanley Dean Witter, and Chase Capital. Some very impressive names behind this one to be sure. iTech has invested in Elastic Networks - a Nortel spinoff company. Don't know when they plan to go public but it should be exciting as well. They've recently announced a US$10 million contract and a US$30 million contract. Not bad for a pre-IPO company. iTech has made an investment in Bizfon, a company that produces a cost-effective small business telephone system that includes integrated voicemail. Bizfon has recently announced that Bell Canada would be co-branding and distributing these systems in Canada. Another iTech investment is in HorizonLive.com. They do live, interactive training over the web using a java-enabled browser. They have an impressive list of clients including NASA, 3Com, Siemens, Thomsom Global Markets, and The Smithsonian. iTech has purchased 100% of a company called Enviromation. This company designs water handling systems. Not very sexy but probably a good industry in the next 10 years. iTech hopes to e-enable it (internet-ize it). The main reason that they bought it was to keep their TSE listing. A requirement to have a certain level of yearly revenue. Smart move by management.