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Gold/Mining/Energy : Intrinsyc Software Inc. (T.ICS) (formerly V.ICS) -- Ignore unavailable to you. Want to Upgrade?

To: Codfish who wrote (365)	6/30/1998 8:25:00 PM
From: Codfish	Respond to of 1635

Seems like "Control" has put the Annasoft deal together and the "Chief" will soon be able to raise the cone of silence and the rubber can now hit the road.....But I over - metaphorize..... Yesterday Pat Gillespie of Janssen/Meyers Associates, L.P. Research out of New York published a report issuing a strong buy recommendation. The report recognizes the size of the embedded computing market as being massive with billions of embedded processors already in use and growing at a rate in excess of 30% p.a. compound. The example used to put this in perspective is that if Microsoft's Windows Ce is successful in taking 10% of the embedded market, the result would be $2.3B to MSFT. However, a more likely scenario is more in the area of 30% which would result in $15.6B to MSFT. The embedded market is currently estimated at $2.5 - 3B and expected to grow to $5 - 7B in the next 2-3 years. These figures do not even take into account the expected growth from new market "verticals" which are expected to be created by the "embedded internet" revolution with Windows CE and Java are driving. Clearly, with this type of potential revenue, MSFT will be extremely aggressive in pursuing its market share. Intrinsyc's tools ensure that its customers get "out-of-the-box" success with their Windows CE applications. In addition, Intrinsyc's tools such as Rainbow WinCE Web server and Device COM for WinCE and WinNT are giving their customers powerful embedded Internet connectivity for their products. Finally, Intrinsyc offers professional services which include Custom Systems Development, Product Feasibility Analysis, Design Services, Prototyping, Training and Product Support. The merger with Annasoft will provide Intrinsyc with a significant marketing capability for Intrinsyc's technology portfolio. It also brings marketing pull from its educational workshops, publications and its 10 year Microsoft business relationship. Finally, Annasoft has strong custom engineering capabilities to round out Intrinsyc's technology offerings for a total solutions focus. Check in with Janssen/Meyers for more detail and if you'd like a copy of the research report. Bill C

To: Codfish who wrote (365)	6/30/1998 8:26:00 PM
From: Codfish	Read Replies (1) \| Respond to of 1635

NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS FOR: INTRINSYC SOFTWARE INC. VSE SYMBOL: ICS NASDAQ SYMBOL: ISYRF JUNE 30, 1998 Intrinsyc Software: Business Update VANCOUVER, BRITISH COLUMBIA--Intrinsyc Software, Inc. announced today that audits have been completed and a draft fairness opinion has been rendered in connection with the proposed acquisition of Annasoft. The valuations of the two companies have been adjusted such that the shareholders of Intrinsyc will hold approximately 68 percent of the share capital of the combined entity, on a fully diluted basis, and the shareholders of Annasoft will hold the balance, based on the fully diluted share capital of the two entities as at February 28, 1998. Final ownership interests will be subject to adjustment. The Company is in the process of completing its due diligence review and negotiating a definitive agreement. Intrinsyc Software Inc. (VSE:ICS, NASDAQ:ISYRF) develops, markets, sells, and supports software tools and components for the development of Microsoft Windows-based embedded systems. These tools and components enable OEMs to rapidly develop software applications for a wide range of consumer and commercial electronics products that span multiple industries. On Behalf of the Board of Intrinsyc Software Inc. Derek Spratt, President and CEO -30- FOR FURTHER INFORMATION PLEASE CONTACT: Intrinsyc Software Inc. Derek Spratt President and CEO 1-800-474-7644 info@intrinsyc.com intrinsyc.com The Vancouver Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this release.