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Gold/Mining/Energy : Microforum (MCF:TSE) -- Ignore unavailable to you. Want to Upgrade?

To: lib who wrote (2405)	5/29/1999 3:01:00 PM
From: Jazzss	Read Replies (1) \| Respond to of 3896

To all, lets nip this RAZF merger in the bud before Dagan has a chance to try and whip this into a frenzy, and a fall after the truth is known. There will be no merger with RAZF, yes they have worked together, RAZF on content and MCF on backend. They may work on more together in the future, SPECULATION at this point. I have seen the Donna Karen fiasco brought to this thread and am not to inclined to see that again,lets keep focussed on MCF and not set ourselves up for another mental fall after baseless rumours have been PUMPED. I am long on MCF for many other reasons, a buyout/merger with RAZF is NOT one of them. If you want to speculate then do so based on FACTS. Question for you Dagan what do you know about Site Server Commerce Edition 3.0 as it relates to MCF? microsoft.com If you can't answer this question with a detailed reply then I suggest you start doing some DD on MCF, by DD I don't mean SPECULATION that will lead other longs down the wrong path. Sorry for being so harsh, but I have seen your handy work at the BII thread, you won't be doing the same thing here, not if I can help it anyways. PS. If some others know the answer to my question don't respond, let Dagan do it all by himself. Jazzss

To: lib who wrote (2405)	5/29/1999 11:38:00 PM
From: Ruyi	Respond to of 3896

Microforum and National Bank join forces to create financial services platform Microforum Inc MCF Shares issued 18,133,966 May 10 close $8.45 Tue 11 May 99 News Release Also National Bank of Canada (NA) Mr. Howard Pearl reports Microforum Inc. has entered into a letter of intent to establish a joint venture with SIBN, a wholly owned subsidiary of the National Bank of Canada to create a universal e-commerce platform for financial services that will provide on-line approval for credit, insurance and leasing transactions. The creation of the joint venture relationship is subject to finalization of definitive documentation, board of director and regulatory approvals. The joint venture, to be called e-FINCOM.com Inc., an electronic financial commerce company, will be based in Canada. It is anticipated that this platform will be introduced to the United States marketplace this summer. e-FINCOM.com will be owned by Microforum as to 49 per cent and SIBN as to 51 per cent. The joint venture is structured to provide for equity participation as other financial institutions join the platform. To date, Tim Dealer Services Inc. and Canadian Black Book (www.canadianblackbook.com) have agreed to participate. The e-FINCOM.com platform provides financial services intermediaries with the ability to process on-line transactions with multiple financial institutions from one site on the Internet. The only technology required for this business-to-business solution is a computer and Microsoft Internet Explorer. Credit applications will be the first service introduced by e-FINCOM.com, providing rapid credit approval in as little as 30 seconds. The initial introduction of this platform will focus on the be geared toward the automotive credit approval market and will quickly be expanded to other intermediary services including leasing, insurance and deposits. The service will facilitate the maintenance of brand and other necessary marketing strategies for financial and lending institutions and eliminate significant costs associated with developing the infrastructure required with the Internet delivery channel. The advantages of using the platform for the intermediary will be the ability to access information and complete transactions with the applicant's choice of financial institutions and receive rapid approvals. Should the application be denied through one institution, another can be accessed from the same site without duplication of work. Financial institutions will benefit from not having to setup or manage the channel of access, eliminating the need for multiple system development across the financial services industry. The platform also provides for economies of scale within institutions by reducing the time taken to manage the manual paper trail required by the existing approval system. This cost savings will be translated to the consumer. As a safeguard to ensure that applications are properly evaluated, all financing inquiries in the automotive sector are cross-checked against data from the Canadian Black Book, the industry standard vehicle value assessment guide, used by both auto dealers and financial institutions. This universal platform will utilize Software Guaranty's CALMS leasing module in combination with the iFrontECS suite of applications, both of which are proprietary software products of Internet Frontier Inc., a wholly owned subsidiary of Microforum Inc. iFrontECS and CALMS are based on Microsoft Backoffice technology, to capitalize on the advanced features and benefits offered in Internet Explorer, Windows NT, SQL Server, Internet Information Server, and Site Server, Commerce Edition, as well as Microsoft's Component Object Model software architecture. SIBN provides an interface module between financial institutions legacy systems and the Internet. This module developed by SIBN reduces the IT cost of financial institutions and expedites delivery of their services and products more efficiency. The creation of a universal e-commence platform for financial services represents an evolution in business-to-business Internet solutions. We are pleased to be working with well-established Canadian financial institutions and look forward to having other financial institutions join the e-FINCOM.com platform," said Howard Pearl, chief executive officer and president of Microforum. "The market place has been waiting for a non-proprietary e-commerce approval system that facilitates the transaction process and provides the consumer with the ultimate choice and convenience. This development further emphasizes Microforum's commitment to develop end-to-end e-commerce solutions." Richard Carter, president of SIBN Inc. and senior vice-president of National Bank of Canada announced: "SIBN is very proud to participate in this breakthrough application of new technologies to financial transactions. Consumers and merchants are the main beneficiaries of these developments, which enhance the efficiency of transaction processing. We are thus all joining forces to build a more productive and competitive economy." "The Microforum and SIBN initiative clearly demonstrates the innovative on-line solution that businesses are adopting to better serve their customers and reach new markets," said Sam Jadallah, vice-president enterprise sales at Microsoft Corp. "Microsoft looks to its partners like iFront to build a whole new generation of e-commerce applications on the Microsoft platform." (