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To: Truman123 who wrote (52324)	6/23/2000 12:21:00 PM
From: The Osprey	Read Replies (1) \| Respond to of 150070

RDM Corp - Post says Schwab invests in RDM startup Xign RDM Corp RC Shares issued 8,883,584 2000-06-20 close $4.1 Wednesday Jun 21 2000 Also (U:SCH) The National Post reports in its Wednesday edition that Charles Schwab, founder of the leading brokerage that bears his name, has invested $3-million (U.S.) of his own money in a startup owned by an Ontario firm that provides electronic payment software and products. The Post's David Arkin writes that Xign Inc. of Pleasantville, Calif., a subsidiary of RDM, said Mr. Schwab, chairman of Schwab Corp. of San Francisco, bought 2.83 million convertible preferred shares of Xign to own 16 per cent of the company. RDM owns the balance. He will also become a director. Xign was spun off from RDM this month to market RDM's digital signature technology, which lets users send electronic cheques via E-mail. Xign's eCheck payment software is used by the U.S. Department of Treasury. "The flexibility and scope of application of Xign's payment solution is very exciting," Mr. Schwab said in a statement. He was not available for an interview. Xign, to date private and which is looking for a chief executive, also hopes to find additional investors. (c) Copyright 2000 Canjex Publishing Ltd. canada-stockwatch.com old url (better for printing)