Advanced Strategic Solutions Inc. Reaches Agreement With Viper Software Inc.; Large Technology Supplier to Real Estate Industry is Sold.VANCOUVER, BRITISH COLUMBIA--(BUSINESS WIRE)--July 8, 1998--ADVANCED STRAT STRAT Stratocaster (Fender guitar) STRAT Stratholme (gaming, World of Warcraft instance) STRAT Stratospheric Tracers of Atmospheric Transport (also seen as STAT) . SOLUTIONS (Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). :ADT (Asynchronous Data Transfer) A transmission technique used in ISDN PBXs that dynamically allocates bandwidth. See also abstract data type. ADT - abstract data type .) Advanced Strategic Solutions Inc. has finalized See finalization. negotiations and signed a formal agreement with Viper Software Inc. Under the terms of the agreement, Advanced Strategic Solutions Inc. will issue 5.5 million shares in exchange for all the outstanding shares of Viper Software Inc. This agreement is subject to shareholder and regulatory approval. Ahead of the Crowd: The acquisition of Viper launches Advanced Strategic Solutions Inc. into the mainstream of the real estate technology industry. Wave, developed and marketed by Viper, has an outstanding position in the marketplace as a leader with proven Real Estate technology. Advanced Strategic Solutions will expand and build on the Wave program currently used by an estimated 25 percent of Canadian Canadian (kənā`dēən), river, 906 mi (1,458 km) long, rising in NE New Mexico. and flowing E across N Texas and central Oklahoma into the Arkansas River in E Oklahoma. Realtors(R). Management believes that the combination of Wave's ease of use, low monthly fee, and compatibility with MLS See multilevel security. (R) databases, will make it possible for Advanced Strategic Solutions to grow rapidly. Viper's third party licensing agreement with Interealty Corp. of Vienna Virginia offers an exceptional opportunity to expand in the US. Interealty supplies software solutions for an estimated 50 percent of the US real estate industry. Narrative: Viper's management has provided consistent growth and profit. Upon completion of this transaction, the new entity will provide access to capital markets that will greatly enhance its ability to fund future development and growth. The Alberta Stock Exchange has neither approved nor disapproved the above information.
CONTACT: Advanced Strategic Solutions Inc.
Larry Yatkowsky, 604/730-1262
604/730-1263 (FAX)
larry@the-wave.com
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