To: Ruby who wrote (655 ) 4/7/1999 9:00:00 AM From: mr. ed Respond to of 1247
Company Press Release Kasten Chase Comments On Today's Stock Trading Activity TORONTO--(BUSINESS WIRE)--April 6, 1999--Kasten Chase(TSE:KCA - news), at the request of the Toronto Stock Exchange, commented on today's share trading activity. The company said that there are no undisclosed corporate developments. James Leech, vice chairman said, ''We are well along the road to reestablishing our revenue base following the sale of our largest customer, Dow Jones Markets, in mid-1998. In spite of the setback caused by that sale, we anticipate that revenues for the quarter ended March 31, 1999 will be within range of the levels recorded during the same period last year. We are encouraged by the interest we are attracting from potential customers and industry analysts in our new Web-to-Host connectivity solution, VersaPath(TM). We expect revenues from this initiative will remain somewhat unpredictable as this new product line makes inroads into the market.'' A proven, customer-focused leader in the data communications industry, Kasten Chase has more than 25 years experience developing mission-critical enterprise solutions for companies around the world. With headquarters in Toronto, Canada and offices in Ottawa, Washington and London, Kasten Chase works closely with customers and business partners in more than 30 countries. With a unique customer-centric approach, Kasten Chase solutions support key applications such as Web-to-Host connectivity, remote access, secure communications, and network management. For all current product and financial information, please visit the company's web site at www.kastenchase.com. Forward-looking statements are subject to change based on various important factors including, among others, competitive actions in the marketplace, development risks involved with new products and technologies, the size and timing of individual license transaction, and the variability of quarterly operating results. Contact: Kasten Chase Applied Research Jim Leech, 905/238-6900 ext.3433 j.leech@kastenchase.com or Street Coverage Inc. John Carlesso, 514/288-1659 carlesso@sympatico.ca