Here is more on nr. The name Sideware will now be posted among leaders within the industry, with a prominent sign "sideware.com" overlooking the main highway traveled by over 100,000 cars per day. This will greatly enhance the public profile of our company.
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Sideware Expands into the U.S.; Establishes Head Office in Herndon, Va.
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VANCOUVER, B.C.--(BUSINESS WIRE)--Feb. 8, 1999--Sideware Systems Inc. (VcSE:SYD) is pleased to announce the opening of the U.S. head office for its wholly owned subsidiary Sideware Corp.
The office is located adjacent to the Washington/Dulles International Airport in Herndon, Va.
Herndon is located approximately 20 miles west of Washington, D.C., and is home to technology giants such as Oracle, Sprint, PSI, Network Solutions, EDS and SAIC.
President Jim Speros states that: "Sideware Corp. is extremely fortunate to be located in this prime business corridor, surrounded by 32 of the 62 firms identified as the major players in the Internet and telecommunications industries." He also points out that "the U.S. operation is focused on customers, and to this end we have made a major investment in our Live Interactive Product Demonstration Room. With over 15,000 Internet companies in the area, we have a large audience to show our products to. Our Demonstration Room will be a valuable sales tool in presenting those products to the E-Commerce industry."
The northern Virginia corridor has the second largest concentration of technology firms in the country, with over 15,000 technology companies to date and is growing at a rate of 10 percent per year. The industry employs over 200,000 workers, paying out an annual payroll of $12 billion. This county has the highest concentration of Internet Host computers in the nation.
Sideware Corp.'s offices occupy 7,000 square feet at 208 Elden St., Suite 200, Herndon, VA, 20170. The operations will initially start with a staff of nine employees, growing to 45 during 1999. The name Sideware will now be posted among leaders within the industry, with a prominent sign "sideware.com" overlooking the main highway traveled by over 100,000 cars per day. This will greatly enhance the public profile of our company.
On Behalf of the Board
Owen Jones
CEO, Director
Investors are encouraged to direct shareholder questions and/or join an on-line discussion regarding Sideware Systems'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 our website at www.sideware.com.
President: Jim Speros at Jsperos@sideware.com
IR: Jennifer Burke at jennifer@sideware.com, 604/986-6121
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.
CONTACT: Sideware, North Vancouver, B.C. INVESTORS: Jennifer Burke jennifer@sideware.com 604/986-6121 MEDIA: Stacy Imyak stacy@sspr.com 8 47-291-1616, ext.224
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