Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Active OTC stocks -- Ignore unavailable to you. Want to Upgrade?

To: Postman who wrote (993)	1/27/1999 10:00:00 PM
From: Postman	Read Replies (1) \| Respond to of 1058

WelcomeTo Search Engine Inc. completes acquisition of Xceedx Technologies Inc. VANCOUVER, Jan. 27 /CNW/ - WelcomeTo Search Engine, Inc. (OTCBB: WKWG) announced today that, further to its news release of Jan. 11, 1999, its acquisition of Xceedx Technologies Inc. has been completed. WelcomeTo Search Engine Inc. has acquired all the outstanding shares of Xceedx, a private company, in exchange for 6,250,000 restricted shares of WelcomeTo Search Engine. Using the Xceedx suite of scalable e-commerce products, WelcomeTo will now provide businesses with the ability to quickly build storefronts through which they can sell their products and services on the Internet. The Xceedx line of e-commerce products allow companies to establish an e-commerce presence, while the WelcomeTo search engine provides the means of driving buyers to regional vendor's sites. Under the terms of the acquisition agreement, Phil Dubois has been appointed President and CEO of WelcomeTo Search Engine, Inc. Dubois was President and CEO of Xceedx since its inception in 1996. Prior to founding Xceedx, Dubois was President and CEO of Modatech Systems Inc., a leading developer of sales force automation systems in the early 1990s. ''The acquisition is a major and important step in WelcomeTo's strategy to build a solution that will allow small businesses to take full advantage of the Internet. We now provide the tools for companies who wish to sell products on the Internet to build a storefront and the means for them to be quickly and readily located geographically and through their product categories,'' Dubois said. Brent Forgeron has assumed the position of Executive Vice-President, Search Engine Division. Forgeron was previously the President of WelcomeTo Search Engine, Inc. Ken Bradley has been appointed Executive Vice-President, E-Commerce Division. Bradley was formerly Vice President, Business Development at Xceedx. Greg Beaudin continues as Vice President and Director of Sales and Marketing for WelcomeTo. The four executive officers constitute the new board of directors of WelcomeTo. Under the terms of the acquisition, the four directors will appoint another three outside directors to the board. ''Our board was unanimous in their approval of the acquisition,'' Forgeron said. ''The restructuring of the board following this announcement is an integral step in the future of WelcomeTo Search Engine, Inc. The four founding directors of WelcomeTo served the company well through its early stages of growth but agreed that the Company would be best served by broadening the experience of its board.'' WelcomeTo has developed a complete Search Engine solution for businesses and consumers in a point and click, geographically focused search environment. WelcomeTo will list only business related web sites, searchable by specific geographic region and business categories, on its Search Engine. The Search Engine will be launched on a city by city basis beginning in the first quarter of 1999. Xceedx was founded in 1996 to develop applications that would shorten e- commerce development cycles by allowing users with little or no programming experience to build and maintain full-function storefronts. The Xceedx product line offers companies and organizations a number of entry points to implementing an increasingly comprehensive e-commerce presence. On Behalf of the Board of Directors Phil Dubois, President and CEO, WelcomeTo Search Engine, Inc For further information: Dunhill International Communications Corp. (800) 930-3242, Email dunhill@ican.net, website www.welcometosearch.com *********************************************