SIDEWARE SYSTEMS, INC. MESSAGE FROM THE CEO
FOR IMMEDIATE RELEASE - DECEMBER 1, 1998
Vancouver, BC - In January of 1998, Sideware unveiled an early version of an electronic commerce software tool called Dr. Bean, at Lotus World in Orlando, FL. The product received such a high level of enthusiasm that it set in motion a chain of events that transformed Sideware into an Internet e-commerce company. As a result, Sideware is now working and partnered with industry heavyweights IBM, Sun Microsystems, Oracle Corporation and Science Applications International Corporation (SAIC). At the core of this transformation is Dr. Bean, Sideware's 100% Java corporate customer service product for the Internet. It has evolved Sideware into much more than a
product developer. During the early stages of Dr. Bean's development, we realized that companies needed solutions for moving their business to the web. We discovered that Dr. Bean was a not only a superior customer service tool, but provides the framework for Sideware to offer a 'whole' solution. Consequently, Sideware is emerging as a provider of e-commerce solutions built with the newest of technologies from IBM, Sun and Oracle.
Phase one is complete. As of December 7, 1998 Sideware's storefront, built with a suite of IBM e-commerce products and featuring Dr. Bean, goes live! This same week, demonstration models will be installed in SAIC's e-commerce lab in McLean, Virginia. With the co-operation of IBM (Federal Computing Group), the solutions include IBM's latest suite of e-commerce products. More detailed information will be released on these and other initiatives in the coming days and weeks ahead.
Sideware's mission is to be a serious contender in the e-commerce market in 1999. Our action plan includes the following items:
Type of Activity
Business Status
1. SAIC Sales and Marketing Agreement Complete
2. SAIC Federal Government Sales (GSA Scheduling) In Progress (IP)
3. SAIC JV Development Agreement (Call Centers) IP
4. IBM BesTeam Premiere Partner Status Complete Dec.98
5. IBM Co-op Marketing with US Federal Computing Group Complete
6. IBM Software Marketing Agreement (ISV status) IP
7. IBM VAR recruitment program to sell Dr. Bean To Be Done (TBD)
8. E-Commerce solutions contracts (Vancouver, Metro Washington DC) IP
9. Sun Microsystems Java Developer Program Complete
10. Sun Microsystems Authorized Reseller Agreement IP
11. Sun Microsystems Marketing Agreement (ISV status) IP
12. Sun Microsystems VAR recruitment program to sell Dr. Bean TBD
13. Strategic Product Contracts (Procurement and Call Centers) IP
14. Oracle Authorized Reseller Agreement IP
15. Oracle Strategic Marketing Contract (ISV status) IP
16. Oracle VAR recruitment to sell Dr. Bean TBD
17. Sideware US Head Office (Metro Washington) Jan. 99
18. 12 Satellite Offices TBD
Product Development
1. Dr. Bean - beta version Complete
2. Dr. Bean - basic version 1.0 Feb. 99
3. Dr. Bean - add-on modules IP
3. Dr. Bean - Enterprise Java Bean (EJB) compliant IP
4. Dr. Bean - EJB Call Center Version TBD
5. Dr. Bean - EJB Procurement Version TBD
6. Dr. Bean - EJB Rapid Application Development (RAD) Studio TBD
Stock Issues
1. Private Placement Dec. 98
2. Equity Partnership IP
3. Company SEC Registration (Form 20) Dec. 98
4. Sideware OTC-BB Listing IP
5. US Investor Promotion Program TBD
By undertaking to complete these actions through 1999, Sideware will have accomplished the following:
Have -
1. Sufficient funds to carry-out the action plan
2. Strategic Equity Partners
3. Strategic Technology Partner (Sun)
4. Strategic Channel Partners (IBM, Sun, Oracle and SAIC)
5. Authorized E-Commerce Reseller Status (IBM, Sun, Oracle)
6. Strategic Product Customers (Call Center and Procurement)
7. E-Commerce Solutions Customers (Vancouver, Metro DC, others)
8. E-Commerce Solution Centers (Vancouver, Metro DC, plus up to 12 more sites)
9. US Head Office
10. Increased visibility and access to US Investors
11. Sales from a family of E-Commerce products
12. Sales of E-Commerce Systems Integration Services
E-commerce is rapidly becoming a major economic force throughout the world.
This means many companies (small, medium and enterprise) will invest from $0.5 million to tens of millions of dollars to move their core businesses to the Internet. Sideware's goal is to be ready for the demand that will result from this expanding market in 1999. It is crucial to prepare for these opportunities as they occur. For Sideware, preparation means having a market presence with Dr. Bean, integration capabilities, strong partners, secure distribution and sufficient funds to claim sizeable market share.
With the official start of our Dr. Bean storefront and the installation at SAIC, the first week of December launches us into the e-commerce market.
The Company has worked very hard to get to this point. We've demonstrated a determination to develop product and relationships. I've presented the tasks we need to accomplish throughout 1999 to clarify where we are going and what we need to do in-order to succeed.
I'm sure you'll have questions regarding these actions and we'll do our best to provide the answers. As usual, material changes will be published as official press releases. We'll also publish them on our investors gateway, www.techwestmgmt.com/sideware. You can participate in a community discussion by downloading our free Internet chat service from www.hotnotions.com. 1999 certainly looks like a great year for Internet e-commerce companies, Sideware is one and we're going to make sure that everybody knows it.
Thank you for your interest and continuing support,
ON BEHALF OF THE BOARD
OWEN JONES
CEO, DIRECTOR
INVESTOR CONTACT: Jennifer Burke at jennifer@sideware.com 604-986-6121
ext.249
MEDIA CONTACT: Stacy Imyak at stacy@sspr.com, 8 47-291-1616 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.
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