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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: Purpleman who wrote (8262)	2/9/1999 12:42:00 AM
From: Nicole Bourgault	Respond to of 56535

T.MCF Attention Business Editors: Microforum CEO increases position TORONTO, Feb. 5 /CNW/ - Microforum, Inc. (TSE: MCF) reported that following the Company's shareholders' approval of the issuance of 1,839,674 common shares at a special meeting of shareholders held on January 20, 1999, that Howard A. Pearl, the President and Chief Executive Officer of the Corporation, acquired a total of 1,839,674 common shares of the Corporation on February 4, 1999. A total of 339,674 common shares were issued to Mr. Pearl in connection with the conversion of $250,000 principal amount of a promissory note issued to Mr. Pearl on April 6, 1998 in connection with the acquisition of PPL Marketing Services Inc. A further 1,500,000 common shares were issued to Mr. Pearl as part of an adjustment to the Company's purchase of PPL Marketing Services Inc. Mr. Pearl's average cost base on the shares acquired through his sale of the PPL Group is now $1.59 per share. After giving effect to the issuance of 1,839,674 common shares of the Company, Mr. Pearl now owns a total of 3,276,341 common shares in the capital of the Company, representing 16.0% of the issued and outstanding common shares. Microforum's products and services enable it to deploy, in-house, all of the elements of a client's on-line e-commerce strategy at a cost-effective price. Microforum has the infrastructure to provide the proprietary iFront ECS e-commerce engine, the content and development tools and services to create a compelling site, the marketing and communications services to build traffic and to create an awareness strategy, the database, warehousing and fulfillment services to process and deliver the orders, and the customer support and call-centers to assist pre and post transaction. Clients to date include Sony Canada, Rapp Collins (a division of Omnicom), and StorageTek. Howard Pearl President & CEO Frank Iadipaolo Chief Financial Officer and Secretary -30- For further information: INVESTOR INFORMATION - 1-800-444-9214, irg@invrel.com, www.invrel.com; CORPORATE INFORMATION - Howard Pearl, CEO and President, Microforum Inc. (905) 670-7000, hpearl@mf.com MICROFORUM, INC. has 46 releases in this database. What do you think?