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Technology Stocks : Bluetooth: from RF semiconductors to softw. applications -- Ignore unavailable to you. Want to Upgrade?

To: Dennis Roth who wrote (188)	3/16/2000 5:08:00 PM
From: Dennis Roth	Respond to of 322

INTERNATIONAL SALES INFORMATION SYSTEMS INC - To Acquire Wireless Software Company Story Filed: Thursday, March 16, 2000 12:39 AM EST URL: library.northernlight.com Vancouver, BC, Mar. 16, 2000 (Market News Publishing via COMTEX) -- International Sales Information Systems Inc. announced that it has agreed, subject to Board and regulatory approvals, to acquire Versatile Systems Inc. of Seattle, WA ( www.versatile-systems.com). Versatile had 1999 revenues of US $9.2 million (unaudited). The total purchase price of US $11.2 million is to be paid in a combination of cash and ISIS shares. The agreement calls for a cash payment to Versatile of US $4.7 million on closing. The remainder of the purchase price will be met by the issuance of 2,450,000 ISIS shares priced at CDN $4.00, which will be held in escrow over a three year period. The transaction is expected to close by May 31, 2000. Versatile develops wireless software and hardware solutions which enable businesses to manage mobile delivery logistics for B2B and B2C in the new economy. Versatile was recognized as the 260th fastest growing private company in the United States based on the 1999 Inc. 500 list. Its suite of products addresses the needs of corporations to automate the mobile worker in areas such as e-commerce web delivery, courier, freight, and field dispatch. Versatile's customers include U.S. West, Proctor & Gamble, Keebler, Airborne Express, and Eddie Bauer. Key strategic partners include AT&T Wireless IP Services, Symbol Technologies, Sierra Wireless and Novatel Wireless. Versatile is an early member of the Bluetooth consortium and plans to integrate Bluetooth technology into its line of mobile peripherals. James Lloyd, CEO of Versatile, is a charter member of the AT&T Wireless IP advisory council. John Hardy, ISIS Chairman and CEO stated, "Our two product suites are highly complementary within the rapidly expanding area of Customer Relationship Management (CRM). The ISIS solution is aimed at mobile salespeople while Versatile focuses on e-delivery, field dispatch, and wireless integration." James Lloyd, Versatile CEO stated, "The synergistic combination of products, people, and geographic strengths will allow faster growth for both businesses. Our companies are immediately working together to capture several global opportunities." ISIS develops customer relationship management (CRM) software solutions that can operate via wireless and exchange data in real time to automate and manage mobile teams. Current users of SalesPOINT(r) include Cadbury Schweppes, Trebor Bassett and Elizabeth Arden. ISIS, which is ISO 9001 certified, operates out of four offices in Vancouver, BC; Long Island, NY; Newport Beach, CA and London, England. Further information is available at www.isissoft.com. Shares of International Sales Information Systems trade on the Canadian Venture Exchange under the symbol ISI. To receive company news releases via e-mail, please advise Tzu Wong (tzu@humekieran.on.ca). TEL: (416) 868-1079 Marla Gale or Cathy Hume, Investor Relations TEL: (416) 868-1079 Marla Gale or Cathy Hume, Investor Relation Hume, Kieran Inc E-mail: marla@humekieran.on.ca URL:http://www.isissoft.com