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Technology Stocks : NewKidCo International (OTC:NKCIF) (TSE:NKC) -- Ignore unavailable to you. Want to Upgrade?

To: esecurities(tm) who wrote (3268)	4/27/1999 12:11:00 PM
From: Link Lady	Read Replies (2) \| Respond to of 4231

Do you see Softquad doing an IPO or will it stay private. newswire.ca SoftQuad Software Inc. Announces New Equity Partners and Board of Directors TORONTO, Ontario, April 27 /CNW/ -- SoftQuad Software Inc. today announced that Pinetree Capital Corp., in conjunction with its merchant banking affiliate KBL Capital Partners and James Clark, has lead the funding of a first round of private equity for the company. It was also announced that Sheldon Inwentash, Chairman and CEO of Pinetree, has joined Clark and Roberto Drassinower on the SoftQuad Software Inc. board of directors. "We are extremely pleased to achieve this important milestone in our corporate development plan and excited by the opportunity to work with such experienced partners as Pinetree, KBL and Mr. Clark," said Drassinower, CEO and President of SoftQuad Software Inc. "The addition of such high caliber financial, business and technical expertise to our team will significantly contribute to achieving our goals and vision." SoftQuad Software was incorporated in November 1998 through a management buyout of the assets of the Web publishing division of SoftQuad International with a mandate to create high-quality XML and HTML authoring tools. SoftQuad Software released the latest version of its award-winning HoTMetaL PRO 5.0 in September 1998 and then focused its efforts on the rapidly expanding XML marketplace with its newest product offering XMetaL, to be released in May. As corporations begin to recognize that their business information or content is a key corporate asset, they are looking for easy-to-use tools that leverage the latest technologies. The Gartner Group projects that XML will become the dominant technology in supporting corporate publishing architectures by the first half of 2000, with a seven-fold increase in market penetration by 2002. According to CAP Ventures Inc., the content management sector -- which includes companies such as Vignette, Documentum and Inso -- is growing at a 94% annual rate, and spending for software tools alone topped $1 billion in 1998. XMetaL is an advanced XML authoring tool that delivers unprecedented ease of use to authors, while shielding them from the complexities of XML. XMetaL's familiar, word processing-like authoring environment dramatically reduces training and implementation costs. Its powerful customization capabilities streamline the publishing process and eliminate expensive ongoing conversion costs. Whether creating content for technical publications, content management, knowledge management, online publishing, or other applications that could benefit from XML, content creators will value XMetaL's ease of use and IT professionals will appreciate its simple deployment capabilities. About Pinetree and KBL Pinetree Capital Corp. is a publicly traded company that focuses on being first to fund emerging growth businesses with breakthrough proprietary products. Pinetree acts as a catalyst for success by taking a leadership position in its investee companies and committing both financial and human resources to their projects. Pinetree's goal is to maximize both short and long-term investment value for it shareholders. Pinetree's focus, going forward, is in the e-business sector, and in particular, companies with internet enabling technology. Trading in Pinetree's shares are reported on the Canadian Dealing Network (the "CDN") under the symbol "PICA." Visit the Pinetree Capital Corp. web site at www.pinetreecapital.com. KBL Capital Partners is a specialty merchant bank committed to funding and building successful information technology companies. The firm specializes in specific technology markets, including internet, e-commerce, enterprise software, networking and communications. Visit the KBL Capital web site at www.kblcapital.com. About SoftQuad Software Inc. SoftQuad Software, Inc. is a leading provider of multi-platform, standards-based content publishing tools. Through its technological expertise in HTML, XML and SGML technologies, SoftQuad Software provides complete electronic document solutions -- from large-scale structured document authoring and distribution to Web site development and application delivery. Based in Toronto, Canada, SoftQuad Software Inc. is a founding member and active participant in the World Wide Web Consortium, the Internet Engineering Task Force and the Organization for the Advancement of Structured Information Standards (OASIS). SoftQuad HoTMetaL PRO and SoftQuad XMetaL are trademarks of SoftQuad Software Inc. All other trademarks are the property of their respective owners. -30- For further information: Ken Greenberg of Edge Communications, Inc. for SoftQuad Software Inc., 818-719-9292, edgepress@mindspring.com; Roberto Drassinower of SoftQuad Software Inc., 416-544-9000, roberto@softquad.com; or Sheldon Inwentash of Pinetree Capital, 416-941-9600, info@pinetreecapital.com /Web site: kblcapital.com /Web site: pinetreecapital.com /Web site: edgepress.com /Web site: softquad.com