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Companys announcement in Nov.'98 a repurchase of its common shares, due to the shares are undervalued. fin-info.com Canadian Company Press Release SXC 1998-11-06 (provided courtesy of Canadian Corporate News.) register to receive future releases by email from CCN Systems Xcellence Announces Common Share Repurchase Plan MILTON, ONTARIO--Systems Xcellence Inc. (the "Corporation"), a global leader in the healthcare information technology industry, gave notice today that it intends to make a normal course issuer bid for its common shares through the facilities of The Toronto Stock Exchange. The Corporation intends to purchase, if it considers it reasonable to do so, up to a maximum of 820,232 common shares, representing approximately ten percent of the Corporation's public float of 8,202,325 common shares as at close of business on November 5, 1998. The Corporation currently has 19,870,643 common shares issued and outstanding. The Corporation has a strong cash position and believes that its common shares are undervalued. Any common shares purchased will be cancelled. The price at which the Corporation will purchase such shares will be their market price at the time of any particular transaction. The bid will commence on November 11, 1998, and terminate on November 10, 1999, unless the maximum number of shares purchasable thereunder has been acquired before that time. During the twelve months preceding the date of the bid, the Corporation has not acquired any of its common shares pursuant to any normal course issuer bid. Systems Xcellence, headquartered in Milton, Ontario, is a leading international supplier of patient-centric electronic transaction processing solutions for the healthcare information technology industry. Systems Xcellence combines robust, high-volume, high-availability transaction processing products, business expertise and services to deliver superior solutions to the demanding managed care sector. Systems Xcellence Inc. can be found on the World Wide Web at systemsxcellence.com. -30- FOR FURTHER INFORMATION PLEASE CONTACT: Systems Xcellence Inc. Jim Ryan Chief Financial Officer (905) 876-4741 Email: investors@sx.com (FAX) www.systemsxcellence.com A Happy New Year To All , and the Best for '99 Regards, TOPSTOCK | ||||||||||||
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