$1.72 Million Financing Arranged; World Leading Executives to Join Board, Management; Knexa.com and Knexa Europe Unite.Business Editors VANCOUVER, B.C.--(BUSINESS WIRE)--Aug. 4, 2000 David H. Brett, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Knexa.com Enterprises Inc. (CDNX CDNX See Canadian Venture Exchange (CDNX). :KNX.), formerly Demand Ventures Ltd., reports the Company has agreed with Futurizer AS of Denmark and another placee to a private placement of its securities which will consist of the sale of 3.45 million units at $0.50 per unit, each unit consisting of one common share and one two-year non-transferable share purchase warrant, each such warrant entitling the holder to purchase one additional common share of the Company for $0.62 for two years, for total proceeds of $1,725,000. In conjunction with the financing, Futurizer, accounting for 3.1 million units of the financing, will place key executives on Knexa's board of directors and senior management team, including Mr. Bjorn Wolrath, former CEO of Skandia, an international Insurance company with over US$9 billion in assets. Knexa.com is the world's first Knowledge Exchange, where businesses and individuals can buy and sell digital knowledge in text, graphic, video or audio formats at prices determined by the market. Knexa.com is also a developer of innovative knowledge management solutions. Upon closing of the above financing, Futurizer will place two directors on Knexa's board of directors and a number of senior executives on Knexa's management team. Joining the Knexa board as Chairman will be former Skandia CEO Bjorn Wolrath and former OM Group Senior VP Marcus Hamberg, both of Stockholm, Sweden. At OM Group, a $5 billion, world-leading builder of stock and commodity exchanges, Mr. Hamberg spearheaded the establishment of a number of innovative electric power trading systems. London England based David Robbins David Robbins (born 1957 in Whitefish Bay, Wisconsin, U.S.) is an artist best known for his exhibition entitled Talent. Video work includes: Lift; Studying the Lie , Ph.D., former senior executive at Iqport, will become Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. for the Company. World-renowned intellectual capital scholar and consultant Mr. Leif Edvinsson will join Knexa as VP of Intellectual Capital, joining Chief Knowledge Officer Dr. Nick Bontis in helping Knexa remain at the forefront of knowledge management and trading. Former Gartner Group (company) Gartner Group - One of the biggest IT industry research firms. Address: Connecticut, USA. Nordic executive Peter Holm holm n. Chiefly British An island in a river. [Middle English, from Old Norse h of Copenhagen, Denmark will become Executive Vice President responsible for Marketing & Sales. Current VP of Marketing Douglas Dunn will become Vice President of Marketing for North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . Vice President of Corporate Development will be Magnus Andersson
Funding arrangement in which one government unit grants a portion of its tax income to another government unit. For example, provinces or states may share revenue with local governments, or national governments may share revenue with provinces or states. and share purchase warrants. Instead, Knexa Europe will become a 100% owned subsidiary of Knexa.com. "This day marks an important turning point in our mission to become one of the worlds most important and profitable e-businesses," said Knexa CEO and Founder David H. Brett. "Knexa.com is a global company for a global product." Knexa Chairman of the board Bjorn Wolrath states, "Today's announcement is a huge step forward for Knexa's globalization globalization Process by which the experience of everyday life, marked by the diffusion of commodities and ideas, is becoming standardized around the world. Factors that have contributed to globalization include increasingly sophisticated communications and transportation strategy. The new global Knexa will continue its expansion into new knowledge areas and geographies through Intellectual Capital vision and partnerships." "Knexa Enterprises is now moving into the next phase of forming a global networking of knowledge exchange connections in major regions to foster global trading of knowledge assets" says Knexa VP of Intellectual Capital Leif Edvinsson. The proceeds from the private placement will be used for the development of the Company's knowledge exchange and IntraKnexa businesses. The private placement is subject to acceptance for filing by the Canadian Venture Exchange The Canadian Venture Exchange (CDNX) is now a defunct stock exchange having been acquired by the TSX Group in 2001 and renamed the TSX Venture Exchange. History of the Canadian Venture Exchange (CDNX) and the approval of the shareholders of the Company. Knexa.com Enterprises Inc. David H. Brett, President & CEO The Canadian Venture Exchange has not reviewed, approved or disapproved of the forgoing. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion