Good afternoon to you all. Please find the latest press release from Sideware Systems.
The company has announced the establishment of an American subsidiary, to operate out of Washington, D.C., one of the largest technology corridors in the world with companies like AOL, IBM, SAIC and MCI all being represented with regional headquarters.
By establishing a US subsidiary, the company hopes to capitalize on the $100 Million Information Technology industry, as well as, the area's abundance of highly skilled personnel.
Though SYD has not announced a specific management team, the company anticipates making such an announcement shortly. In the meantime, this strategic move has to be considered a significant move for Sideware Systems for many reasons. Most importantly, it is evidence that Sideware Systems has the confidence and ability to conduct business in one of the world's most lucrative and competitive technology corridors.
As well, taken in combination with their IBM related press releases last week, this press release signals a definite strenghtening of the Sideware/IBM relationship. In furtherance of this point, we refer you to the following excerpt:
"By choosing metro-Washington as the site of our U.S. headquarters, Sideware expects to increase revenues as a result of the access to over $100 billion in IT [information technology] expenditures from area businesses and government. As a growing Internet company, securing a foothold in this locale allows us, on a daily basis, to significantly increase our business activity with our customers and partners," comments Owen Jones, CEO, Sideware. "Given our BESTeam Partner status providing e-Commerce and e-Business solutions, our U.S. expansion advances our relationship with IBM -- and certainly is an exciting growth opportunity for Sideware."
We look forward to further announcements as they pertain to Sideware's US operations.
Regards,
Agora Internet Relations Corp.
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SIDEWARE SYSTEMS INC. SETS UP U.S. OPERATIONS IN WASHINGTON, D.C. AREA
Innovative Provider of e-business, e-commerce Applications Sets Up Shop In Booming U.S. Technology Corridor
FOR IMMEDIATE RELEASE - JULY 28, 1998
Vancouver, B.C. - Sideware Systems Inc. (VSE symbol: SYD) announces it has set up a wholly owned U.S. subsidiary, Sideware Corporation, to manage all U.S. operations with headquarters in the Washington D.C. area. Sideware offers a family of unique groupware messaging solutions for personal, Intranet and business-to-business applications. With a DC-based presence, the company plans to aggressively increase business development and strategic partnerships. The company is actively assembling an experienced high-level management team to head up this pivotal expansion and plans to make an announcement on its U.S. Operations President shortly.
"By choosing metro-Washington as the site of our U.S. headquarters, Sideware expects to increase revenues as a result of the access to over $100 billion in IT [information technology] expenditures from area businesses and government. As a growing Internet company, securing a foothold in this locale allows us, on a daily basis, to significantly increase our business activity with our customers and partners," comments Owen Jones, CEO, Sideware. "Given our BESTeam Partner status providing e-Commerce and e-Business solutions, our U.S. expansion advances our relationship with IBM -- and certainly is an exciting growth opportunity for Sideware."
The Greater Washington Region is a major centre for Internet and technology companies, with over 2,200 hi-tech companies operating in Northern Virginia's Fairfax County. The area is becoming the largest technology corridor in the world with companies like AOL, IBM, SAIC and MCI all being represented with regional headquarters. The market has an abundance of highly educated and skilled information technology specialists and Sideware Corporation plans to capitalize on this pool of experienced resources to build a team of professionals that can further promote Sideware's innovative product line.
Sideware Systems offers a family of products that use its patented concurrent technology. Net Notions„, the company's flagship product, is a unique groupware messaging system that makes the sharing of ideas more personal. Tagalongs„ is an easy-to use personal annotation product that lets users peel off an electronic note, write or record sound on it, and link it to the action being performed. Dr. Bean„, being written in JAVA, offers suppliers and customers the ability to communicate and navigate interactively via real-time messages associated with electronic business Web pages. Hot Notions„ is a free groupware messaging service that offers a unique and exciting means of travelling the Internet.
Investors are encouraged to direct shareholder questions and/or join an on-line discussion regarding Sideware System's performance at www.techwestmgmt.com. Through this forum offered by TechWest Management Inc., anyone can register as a member and participate directly in web-based conversations with a Sideware Investor Relations Representative. Sideware Systems Inc. is a publicly traded company on the Vancouver Stock Exchange trading under the symbol: SYD . For further information on Sideware's products or services, please visit the following web sites: www.sideware.com or www.hotnotions.com.
INVESTOR CONTACT: Jennifer Burke at jennifer@sideware.com 604-986-6121 ext.249
MEDIA CONTACT: Stacy Imyak at 76756.3477@compuserve.com, 847-291-1616 ext.224
THE VANCOUVER STOCK EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this communication (as well as information included in oral statements or other written statements made or to be made by Sideware Systems Inc.) contains statements that are forward-looking, such as statements relating to the future anticipated direction of the high technology industry, plans for future expansion, various business development activities, planned capital expenditures, future funding sources, anticipated sales growth and potential contracts. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of Sideware Systems Inc. These risks and uncertainties include, but are not limited to, those relating to development and expansion activities, dependence on existing management, financial activities, domestic and global economic conditions, changes in federal or state income tax laws, and market competition factors.
DISCLOSURE STATEMENT
AGORA INTERNET RELATIONS CORP. receives a monthly monetary fee from Sideware Systems Inc. for the purposes of communicating with Internet shareholders - both current and prospective - to increase awareness of and interest in Sideware Systems Inc. AGORA INTERNET RELATIONS CORP activities are aimed purely at keeping their clients' shareholders and prospective shareholders informed about their company. These activities consist of providing investors with previously disclosed factual information concerning the company, comments from company principals, copies of material that has been filed with regulatory authorities, comments prepared by registered brokers or investment dealers and material published in newspapers, magazines or journals.
AGORA INTERNET RELATIONS CORP does not participate in the maintenance of an orderly market in their client's securities, nor is required, or receives an incentive for, the maintenance or achievement of a price or trading volume for their client's securities at a certain level, for a specified period of time or by a certain date. AGORA INTERNET RELATIONS CORP. may, at any time, own shares in the company. |
