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To: pallmer who wrote (22160)	7/27/2000 10:09:50 AM
From: pallmer	Respond to of 77509

T:KCA Kasten Chase to license KastenNet Trading Access Kasten Chase Applied Research Ltd KCA Shares issued 39,084,687 Jul 26 close $6.50 Thu 27 Jul 2000 T:KCA News Release Mr. Paul Hyde reports Kasten Chase has entered into an agreement with National Bank Financial Inc., a wholly owned subsidiary of National Bank of Canada, to license its KastenNet Trading Access (KTA) solution to National Bank Financial's national network of professional registered traders. Under the terms of the agreement National Bank Financial traders will use the KTA Gateway and Workstation software to access the trading engines of the Toronto Stock Exchange and the Canadian Venture Exchange (CDNX) allowing National Bank Financial to address the TSE's requirement of providing network access by way of the STAMP (securities trading access message protocol) system to be used by Canadian exchanges as of Sept. 1, 2000. Validation and testing is complete and implementation is currently under way. CDNX access will be integrated by July 31, 2000. This initial agreement is valued in excess of $500,000 with revenue recognition beginning in the third quarter. National Bank Financial's decision to select the KTA solution was based on KTA's ability to deliver all of the critical capabilities for a next-generation workstation. Among the key considerations were the straightforward, open architecture and speed of the system, combined with Kasten Chase's inherent understanding of National Bank Financial's business and the requirements of their traders. "We are extremely proud that KTA has been selected by such an innovative and highly regarded firm as National Bank Financial," commented Barbara Howard, director of sales at Kasten Chase. "KTA's ability to meet their demanding standards for rapid execution is clearly the benchmark for trading access solutions going forward." "This important win underscores the exceptional features and capabilities of our Versapath technology, the backbone upon which KTA operates," added Paul Hyde, chief executive officer at Kasten Chase. "Being able to provide strong, embedded security features directly through to the desktop in an environment that manages bandwidth use efficiently is critical to leading-edge organizations and especially for real-time, on-line trading. We are now closer to our goal of having the KTA service bureau represent a stable and reliable source of cash flow to our business." Dir's: Blanchard James J, Blundell William R C, Davies Michael L, Heenan Roy L, Hyde Paul N, Leech James W, Morrison John A, Rae John A, Watson Colin D (c) Copyright 2000 Canjex Publishing Ltd. Jul-27-2000 14:05 GMT Symbols: CA;KCA US;KCAR Source CSN Canada Stockwatch News Categories: CSN/EAST