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Gold/Mining/Energy : Beamscope -- Ignore unavailable to you. Want to Upgrade?

To: sPD who wrote (52)	4/19/2000 3:54:00 AM
From: Flipper12	Read Replies (1) \| Respond to of 67

Beamscope Canada Inc. - Ironside Closes $26.7 million U.S. in New Financing Round Toronto, Ontario -- Ironside Technologies Inc., of which Beamscope currently holds a 15.26% interest, today announced that it has closed a private financing round, totalling $26.7 million U.S. This private financing, Ironside's fourth round of funding, was comprised of $20 million U.S. from a group of Canada's largest institutional investors, as well as $6.7 million U.S. from a group of existing U.S. and Canadian Ironside shareholders. Beamscope invested $1 million U.S. as part of the current investor group, bringing its total investment in Ironside to $6.15 million U.S. Prior to the financing, Beamscope's ownership stake was 16.44%. Pleasanton, Calif.-based Ironside Technologies Inc. develops and markets leading-edge business solutions for electronic commerce, enabling manufacturers and distributors to conduct business over the Internet in real-time. Its flagship product, Ironworks, tightly integrates with existing business logic at the application level, allowing customers to place orders and conduct inquiries online, with full access to current pricing and inventory information. With industry-leading performance and the largest installed base, Ironworks is providing forward-looking manufacturers and distributors a way to reduce costs, expand market reach and improve customer service. Ironworks is also available to third party business partners as an Internet solution that can be easily integrated with their current offerings. Integrated Solutions include: Ironworks for eBPCS; Ironworks for J.D. Edwards; Ironworks for JBA; Ironworks for PRISM; Ironworks for Protean; and Ironworks for SAP. Contact Ironside at www.ironside.com, or call 1-800-495-IRON. Listed on The Toronto Stock Exchange under the trading symbol BSP, Beamscope is one of Canada's leading sales, marketing and distribution companies of brand name home office products, home computer software, video entertainment products and digital entertainment products for some of the world's top manufacturers, including IBM, Compaq, Microsoft, Hewlett-Packard, Canon, Sony, Nintendo, Sega, 3Com, Philips, Lexmark, Disney, Kodak, Samsung and Bell ExpressVu. Beamscope sells and markets more than 6,500 different consumer electronics products for these and other companies to over 7,000 retail outlets across Canada. In addition to Beamscope's core business it has interests in two other ventures, Ironside Technologies Inc., a company that specializes in creating business-to-business Internet electronic commerce software solutions, and Unisel Holdings S.A., a joint venture in Latin America, which distributes computer products in Chile, Argentina and Brazil. Beamscope can be found at www.beamscope.com.