Hi Gator & all.....OS 8.5 and I am posting for some friends:-) :::
Good afternoon to you all. Please find enclosed the latest corporate
update from Sideware Systems, which was prepared and released directly from
head office late yesterday, as well as, our comments. The update is
comprehensive and contains plenty of new information for shareholders. It
should now also be obvious as to why neither the company, nor Agora could
make any comments over the last few weeks. Quite simply, with the number
and gravity of initiatives at hand, both old and new, where could we have
started?
The company has now provided shareholders with a checklist of initiatives
and their level of progress, as indicated by either a "complete" "IP (in
progress)" or "TBD (to be done)" tag. Some of these initiatives were
previously announced and were now updated, while others are brand new and
being announced for the first time.
Despite the fact management could not be more detailed with respect to each
initiative, a careful review should conclude that Sideware Systems is
progressing at an impressive pace. Here are some of our favorites points,
though many other highlights can also be found in the press releases.
1] "Sideware is now working and partnered with industry heavyweights IBM,
Sun Microsystems, Oracle Corporation and Science Applications International
Corporation (SAIC)."
Shareholders are hearing about a relationship with Oracle Corporation for
the first time, as well as, a progressing relationship with Sun Microsystems.
2] "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."
For the first time, SYD is unveiling Dr. Bean to the mass market. We are
especially pleased with completion of the demonstration models in SAIC's
e-commerce lab.
3] SAIC Sales and Marketing Agreement Complete
4] "SAIC JV Development Agreement (Call Centers) IP"
This is a new piece of news for shareholders and is an indication the SAIC
relationship is moving towards practical business initiatives. The call
center business is a large industry and the Dr. Bean connection is an
obvious one.
5] "IBM Co-op Marketing with US Federal Computing Group Complete"
There is no further detail presented at this time but the implications of
any marketing agreements signed with IBM are obvious.
6] "Sun Microsystems Marketing Agreement (ISV status) IP"
The same comments can be made with respect to Sun Microsystems. The fact
this relationship has gone beyond a technology exchange and is leading
towards a marketing agreement speaks volumes for the company's progress.
7] "Oracle Strategic Marketing Contract (ISV status) IP"
Until yesterday, the investment community was not even aware of any
relationship with Oracle. Once again, the implications of such a
relationship and a possible marketing agreement are obvious.
8] "12 Satellite Offices TBD"
The fact that Sideware is already making provision for 12 satellite offices
is evidence of a specific growth plan the company has in place. The nuance
is subtle but the specific reference to "12", as opposed to "more" or
"additional", is very positive.
9] "Equity Partnership IP"
This is perhaps the most telling detail released yesterday. The company
has not provided any further detail but the mere fact an equity partnership
is in progress speaks volumes. What is not clear is whether an entity will
be taking an equity position in Sideware, or whether Sideware will be
taking an equity position in another entity. Given the fact Sideware is
still a relatively small company with limited financial resources but
outstanding products and major alliances, the former seems to make more sense.
CONCLUSION
Though Sideware did not release further details in yesterday's release,
their statement "...more detailed information will be released on these and
other initiatives in the coming days and weeks ahead", is evidence of
further press releases to come. We look forward to those press releases
and remain as confident as ever that Sideware continues to makes serious
advances within the e-commerce industry.
Finally, as a result of yesterday's press release, we look forward to
opening up dialog with shareholders again and discussing matters arising
from this latest update. If you did not receive this e-mail report
directly, you can reach us at: spectra@interlog.com and write "SYD
Database" in the subject line.
That is all for now. Have a great day.
Regards,
Agora Internet Relations Corp.
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.
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.
|
