To: SSP who wrote (71022 ) 11/14/2000 10:53:06 AM From: Jim Bishop Read Replies (1) | Respond to of 150070 LAS VEGAS--(BUSINESS WIRE)--Nov. 13, 2000--Gameweaver.com Inc. (OTCBB:GMWR) today announced it has agreed to acquire all of the issued and outstanding share capital of Streamscape Networks Inc., a company focused on developing an international multi-service IP network and delivering advanced network services to the small and medium enterprise marketplace. Under the agreement dated Nov. 8, Gameweaver.com Inc. will issue seventeen million, seven hundred thousand (17,700,000) common shares to the shareholders of Streamscape Networks Inc. Gameweaver.com Inc. is completing a non-brokered private placement of 1,500,000 units at a price of U.S. $.25 per unit generating proceeds of U.S. $375,000. Each unit will be comprised of one common share of the company and one common share purchase warrant, with each warrant entitling its holder to purchase one additional common share of the company at a price of U.S. $0.30 for a period of two years. Streamscape Networks Inc. provides next-generation Internet Protocol (IP) based telecommunications services to the small to medium (BSNS WIRE) Gameweaver.com Inc. to Acquire Streamscape Networks Inc. Gameweaver.com Inc. to Acquire Streamscape Networks Inc. Business Editors/High-Tech Writers LAS VEGAS--(BUSINESS WIRE)--Nov. 13, 2000--Gameweaver.com Inc. (OTCBB:GMWR) today announced it has agreed to acquire all of the issued and outstanding share capital of Streamscape Networks Inc., a company focused on developing an international multi-service IP network and delivering advanced network services to the small and medium enterprise marketplace. Under the agreement dated Nov. 8, Gameweaver.com Inc. will issue seventeen million, seven hundred thousand (17,700,000) common shares to the shareholders of Streamscape Networks Inc. Gameweaver.com Inc. is completing a non-brokered private placement of 1,500,000 units at a price of U.S. $.25 per unit generating proceeds of U.S. $375,000. Each unit will be comprised of one common share of the company and one common share purchase warrant, with each warrant entitling its holder to purchase one additional common share of the company at a price of U.S. $0.30 for a period of two years. Streamscape Networks Inc. provides next-generation Internet Protocol (IP) based telecommunications services to the small to medium enterprise (SME) business markets. The company's global IP/ATM network allows it to effectively target businesses that have or are building out a global presence. The company is establishing 10 major points of presence or SuperPOPs and has deployed SuperPOP facilities in Los Angeles, San Francisco, Vancouver, Toronto, and Athens with further build-outs scheduled for Hong Kong, Tokyo, New York, London and Mexico City. The company's Network Operations Center (NOC) located in Vancouver, British Columbia provides 24x7 remote monitoring and administration of the SuperPOPs as well as customer service, billing and technical support functions. Acting as an IP integrator, "IPI," the company can assist businesses in developing and integrating IP-based communications product services. Using this strategy, the company is able to focus on providing a series of edge solutions that allows it to provide managed voice and data services to the enterprise. With the global coverage provided by the company's next network, Streamscape provides an ideal platform for the hosting and delivery of telecommunications applications and services. In addition, the company's ATM & IP-based network, based on solutions from Lucent Technologies Inc., is capable of simultaneous delivery of voice, data and video services over a single network connection. Streamscape is well-positioned as a growth player in the broadband Internet infrastructure revolution currently underway internationally. Additional information can be obtained at www.streamscape.com. Certain statements contained herein are "forward-looking" statements (as such term defined in the Private Securities Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. --30--ojm/la* CONTACT: Gameweaver.com Richard Wilk, 416/677-4922 KEYWORD: NEVADA CALIFORNIA NEW YORK UNITED KINGDOM CANADA GREECE JAPAN HONG KONG MEXICO INTERNATIONAL EUROPE ASIA PACIFIC LATIN AMERICA CANADA INDUSTRY KEYWORD: NETWORKING SOFTWARE TELECOMMUNICATIONS BOND/STOCK RATINGS MARKETING AGREEMENTS Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com