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Gold/Mining/Energy : Microforum (MCF:TSE) -- Ignore unavailable to you. Want to Upgrade?

To: MrsNose who wrote (3883)	11/6/2000 8:52:25 AM
From: Link Lady	Read Replies (1) \| Respond to of 3896

Well I'm hoping for big things now. Rick Segal may be the right man to carry Microforum forward. Ford Credit Licenses Microforum's CALMS(TM) Solution for Global Credit Initiative in Latin America TORONTO, Nov. 6 /CNW/ - Microforum Inc. (TSE:MCF) today announced that it has completed a contract with Ford Credit to incorporate Microforum's proprietary CALMS(TM) technology into its latest online e-commerce initiative. For competitive reasons, details are not to be disclosed at this time. Ford Credit, the world's largest automotive finance company, will use the CALMS(TM) technology for its global credit initiative in Latin America, which includes Mexico, Argentina, Brazil and Chile. Ford and Microforum are currently exploring the possibility of expansion into other regions. CALMS(TM) allows a vendor to enter a credit application, submit it for approval, and complete the documentation online all in a seamless environment through the Internet. The CALMS(TM) system is a web-enabled credit origination solution that exists online with various distribution channels, allowing potential purchasers to go from rapid credit check to vendor payment, with actual credit scoring taking approximately 15 seconds. "This latest Ford contract is a terrific achievement for Microforum. We are obviously extremely pleased that Ford has once again shown confidence in our ability to deliver effective and efficient e-business solutions," said Rick Segal, President and Chief Executive Officer of Microforum. "Our proprietary CALMS(TM) platform will provide Ford Credit with a multiple language and multiple currency Application Service Provider model, where each country will be able to customize the platform to meet their unique cultural nuances and business needs." About Ford Credit Ford Credit is a wholly-owned subsidiary of Ford Motor Company and is the world's largest automotive finance company. Now in its 41st year, Ford Credit provides vehicle financing in 40 countries to more than 10 million customers and more than 11,500 automotive dealers. Ford Credit had total earnings of $1.3 billion in 1999, with a worldwide receivables base of more than $155 billion. More information about Ford Credit can be found on the World Wide Web at www.fordcredit.com. About Microforum Microforum develops Internet-based software products for E-Business, E- Financial and Knowledge Management applications, allowing its clients to improve operational efficiencies and reduce business costs. Toronto-based Microforum has offices in Halifax, Vancouver, New York and Seattle. Microforum is listed on The Toronto Stock Exchange (TSE: MCF). For more information, please visit www.microforum.com. Forward-Looking Statements Investors should take note that certain statements in this press release are forward-looking and may not give full weight to all of the potential risks and uncertainties. These forward-looking statements include statements that are subject to risks and uncertainties. Forward-looking statements are subject by their nature to risks and uncertainties, and actual results, actions or events could differ materially from those set forth in the forward-looking statements. Any forward-looking statements speak only as of the date made. The Company is not undertaking to update any information in the foregoing reports until the effective date of its future reports required by the securities laws. %SEDAR: 00004370E -30- For further information: INVESTOR INFORMATION, Warren Weeks, GPC Canada, (416) 598-0055 (ext. 308), wweeks@gpc.ca; CORPORATE INFORMATION, Rick Segal, President and CEO, Microforum Inc., (416) 467-4000, info@mf.com MICROFORUM INC. has 123 releases in this database.