To: Jim Bishop who wrote (35818 ) 3/13/2000 6:15:00 PM From: Spark Respond to of 150070
LTI.V ....had some pretty good news..LOL.. Logicsys Inc. to Acquire Wireless Internet Company 17:33 Monday, March 13, 2000 Logicsys Inc. (CDNX: LTI), The Board of Directors of Logicsys Inc. ("Logicsys") is pleased to announce that Logicsys and wintraCom ("wintraCom") have signed a Letter of Intent for Logicsys to acquire all outstanding privately held shares of wintraCom. The acquisition will be subject to shareholder approval. Logicsys is headquartered in Mississauga, Ontario and its common shares are listed on the Canadian Dealing Network Exchange (CDNX) under the symbol "LTI.V". wintraCom is a privately held company headquartered in Toronto, Ontario. The terms of the letter of intent are that Logicsys will acquire 100% of the shares of wintraCom, through the issuance of 10,000,000 Logicsys shares, representing 32% of the combined company on a fully diluted basis. About Logicsys Inc. Logicsys is a computer network design and integration company that provides end-to-end LAN/WAN solutions including technical design and consulting, Intra/Extranet messaging and VPN (telecomputing) implementation. About wintraCom Corp. wintraCom is a wireless data communications company providing services to the small to mid sized business (SMB) market. wintraCom offers low cost, high speed, wide area network (WAN) and Internet access services using wireless technology. Combined, and under a new banner, the two organizations will build upon each others technical and managerial experience as well as the existing client base to provide a one-stop shopping solution for LAN, WAN and Internet needs. For more information, please contact: David Childs President Logicsys Inc. (905) 624-2210x102 davidc@logicsys.com Garry T. Schleifer President WintraCom Corp. (416) 399-6212 garry@wintraCom.net