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Gold/Mining/Energy : Conac Software Corp COT.V (was Exor Data) -- Ignore unavailable to you. Want to Upgrade?

To: Bob who wrote (526)	12/5/2000 11:02:53 AM
From: Bob	Respond to of 527

Conac Software Corp - News Release Conac enters into LOI with TradePower Inc. Conac Software Corp COT Shares issued 33,246,793 2000-12-04 close $0.23 Tuesday Dec 5 2000 News Release Mr. Allan Thompson reports Conac Software Corporation and TradePower Inc., the leading provider of e-commerce procurement systems for the electrical and mechanical industries have reported the execution of a letter of intent to interface their systems and market the respective software systems to their mutual customer base. The technology of TradePower, branded "The Digital Marketplace", enables real-time transactions between suppliers and contractors, empowering users to research, request and purchase construction materials through their medium of choice -- the desktop or the Web. Unlike existing construction industry exchanges that target owners, architects and general contractors, TradePower is focused on the supplier and contractor relationship, where the majority of construction industry transactions occur. Thus, a natural fit occurs between Conac's purchasing and inventory management tools that are particularly well suited to the same customer base as TradePower's digital marketplace. TradePower's digital marketplace connects contractors and suppliers through a neutral, centralized and integrated environment that enhances information exchange and simplifies the purchase and sale of construction supplies. The exchange gives contractors the ability to improve business operations by reducing overhead costs and minimizing fulfillment errors. Suppliers' benefit from the TradePower digital marketplace by expanding their sales channels and improving the efficiencies of their supply chains. Courtney Stearns, vice-president of Conac states "This interface with TradePower is another important cog in the company's approach of bringing specialized, well defined software tools to the company's customers. We have made significant strategic and technological inroads with respect to providing construction management software that improves the cash flow of the company's users. Clearly, the combination of Conac's purchasing and inventory with TradePower's robust e-commerce offering is compelling". (c) Copyright 2000 Canjex Publishing Ltd. canada-stockwatch.com