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Technology Stocks : 724 Solutions (NASD: SVNX, TSE:SVN) -- Ignore unavailable to you. Want to Upgrade?

To: caly who wrote (196)	3/21/2000 8:54:00 AM
From: caly	Read Replies (1) \| Respond to of 337

724 Solutions Inc. Opens First U.S. Office; Leading Canadian-based Financial Software Developer Locates in San Francisco Tuesday March 21, 7:31 am Eastern Time Company Press Release SOURCE: 724 Solutions Inc. 724 Solutions Inc. Opens First U.S. Office; Leading Canadian-based Financial Software Developer Locates in San Francisco SAN FRANCISCO, March 21 /PRNewswire/ -- 724 Solutions Inc. (Nasdaq: SVNX - news; Toronto: SVN - news), a Toronto-based Internet infrastructure software developer for financial services providers, announced today the official opening of its first U.S. office, located in San Francisco. In addition to driving U.S. sales of the company's Internet-based banking, brokerage and e-commerce solution, the West Coast office will enable 724 Solutions to support its existing customers and to work closely with other industry leaders which whom it is developing its technology, such as Sonera Ltd. and Certicom Corp. ``The United States is a key market for 724 Solutions given the number of leading financial institutions located in the country,' said Greg Wolfond, Chief Executive Officer, 724 Solutions. ``Establishing an office in San Francisco will also enable us to service our existing West Coast customers and expand our customer base, making it possible for more U.S. financial institutions to offer their customers the ability to conveniently bank, invest and shop using a wide range of Internet-enabled devices.' Currently, 724 Solutions is working with Bank of America, the largest U.S. financial institution in terms of customers and a strong West Coast presence, to provide its customers with wireless banking services. The company also announced today that Claritybank.com, an Internet bank that provides real-time financial services to businesses and consumers, has licensed 724 Solutions' technology to provide its customers with wireless access to its banking, brokerage and business-to-business services. 724 Solutions' other customers include Citigroup, Harris Bank, and Bank of Montreal. About 724 Solutions Inc. 724 Solutions provides an Internet infrastructure solution to financial institutions that enables them to offer personalized and secure online banking, brokerage and e-commerce services across a wide range of Internet- enabled wireless and consumer electronic devices. The Company's solution currently enables consumers to access online banking and brokerage services through network service providers using digital mobile phones, personal digital assistants, two-way pagers and personal computers. 724 Solutions' customers include Citigroup, Bank of America, Bank of Montreal, Wells Fargo and Claritybank.com. 724 Solutions common shares are listed on the Nasdaq National Market (SVNX) and the TSE (SVN) stock exchanges. Headquartered in Toronto, Canada, the company has offices in London, San Francisco, Sydney, and Tokyo. For additional information visit www.724.com. SOURCE: 724 Solutions Inc. --------------------------------------------------------------------------------