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The NEWS is making this stock FLY??? :-))) FOR IMMEDIATE RELEASE - Dec 1, 1999 Sideware Systems Inc. Announces US $4,100,000 Private Placement Vancouver, B.C. - Sideware Systems Inc. (OTCBB-SDWSF and CDNX-SYD.U) has arranged a non-brokered private placement in the sum of US $4,100,000. Under the private placement, 2,500,000 units will be issued at a price of US $1.64 per unit, subject to regulatory approval. Each unit is comprised of one common share and one share purchase warrant. Each share purchase warrant entitles the holder to purchase one additional common share of the company for a period of two years, at a price of US $1.64 per share in the first year or US $1.89 per share in the second year. A finder's fee of 8% will be paid in cash or securities or a combination thereof, subject to regulatory approval. The proceeds in the sum of US $4,100,000 will be used to finance product development, sales and marketing, company expansion and general working capital. About Sideware Sideware is an e-Business company providing products, solutions and integration services. The company has coupled Dr. Bean e-Customer Relationship Management Technology ("e-CRMT") with IBM, Oracle and SUN e-Commerce products providing a flexible e-Business "backbone" for small companies to large corporations. The company is a Sun Microsystems Strategic Java developer and has exclusively built Dr. Bean using Java and Enterprise Java technologies. For further information on Sideware's total solution or turnkey products and services, please visit www.sideware.com. For investment information visit www.techwestmgmt.com/sideware. Sideware Systems Inc., Corporate Headquarters in North Vancouver, BC publicly trades on both the OTC Bulletin Board, "SDWSF" and the Canadian Venture Stock Exchange (CDNX) - "SYD.U". Sideware Corp., is Headquartered in Herndon, VA, and is the center for the company's product sales and service operations. ON BEHALF OF THE BOARD Grant Sutherland Chairman | ||||||||||||
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