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Gold/Mining/Energy : PKS-PeakSoft Multinet Corp. (was PeakSoft Corp.) -- Ignore unavailable to you. Want to Upgrade?

To: Brian Warner who wrote (1398)	3/10/1999 10:45:00 AM
From: Quasar	Read Replies (1) \| Respond to of 1470

March 10, 1999 10:32 PeakSoft Multinet Corp. Commences Trading In The U.S. On The OTC Bulletin Board Under Symbol PEAMF Jump to first matched term BELLINGHAM, Wash.--(BUSINESS WIRE)--March 10, 1999-- Company to continue its Alberta Listing under the symbol PKS Achieves Reporting Company Status in the U.S. PeakSoft Multinet Corp. (Alberta Stock Exchange symbol PKS; OTC: BB symbol PEAMF), a leading developer of software solutions for the Internet, announced that its common shares will begin trading in the U.S. today under (OTC BB: PEAMF). The company recently completed its initial 20-F filing with the U.S. Securities and Exchange Commission and is now a reporting company in the United States and will continue to file periodic reports with the SEC. Wien Securities will be the initial market maker. The company has 3.68 million shares issued and an estimated 4.5 million shares on a fully diluted basis. On February 22, 1999, PeakSoft Multinet Corp. changed its name from PeakSoft Corporation. This change signifies the evolution of the company's business strategy from primarily Internet utility software toward business and Internet solutions and services. During the last two quarters the company announced the availability of pre-release versions of its first business knowledge solutions, code named LawTrack and Realty Tracer. PeakJet 2000, the company's leading web browser accelerator, has experienced increasing sales over the past few quarters. PeakJet 2000 received ZDNet Software Library Editors Pick Award and 5 Star rating in December 1998. In February 1999 PC Online, a leading PC magazine in Germany, awarded PeakJet 2000 a "Super" test certificate for excellence. "The OTC:BB listing is an important step for PeakSoft Multinet as a company and for our shareholders," commented Doug Foster, PeakSoft Multinet's CEO. "Joint trading allows our Canadian and U.S. shareholders to follow the Company at home. It also makes it easier for new U.S. investors to consider the company. Our status as a reporting issuer will improve access to information for U.S. shareholders." About PeakSoft Multinet PeakSoft Multinet Corporation is a market leading Internet communications software tools company that develops applications that empower businesses to build knowledge, e-commerce and customer relationships. During 1998 the company announced marketing partnerships with RealNetworks (RNWK), Symantec (SYMC), Software Builders and Xoom.com (XMCM). Publicly traded on the Alberta Stock Exchange (PKS) and on the OTC Bulletin Board (PEAMF), PeakSoft is headquartered in Bellingham, WA. For more information, call 888-377-7325, visit the PeakSoft Web site (www.peak.com) or send e-mail to info@peak.com. This release may contain forward-looking statements as well as historical information. Forward-looking statements, which are included in accordance with the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, may involve known and unknown risks, uncertainties and other factors that may cause the company's actual results and performance to be materially different from any results or performance suggested by the statements in this release. Such statements, and other matters addressed in this press release, may involve a number of risks and uncertainties including price competition, technological advances, decreased demand or diversion to other software solutions. The Alberta Stock Exchange had neither approved nor disapproved of the information contained herein. CONTACT: PeakSoft Multinet Corp., Bellingham INVESTOR RELATIONS, 360-752-1100 invest@peak.com or Rubenstein Investor Relations, New York Kevin Theiss, 212-843-8096, ktheis@rir1.com