American Sports Machine, Inc. Changes Name to SoftQuad Software, Ltd.; ASM Redomiciles to Delaware Corporation with New Trading Symbol: SXML.

Business Editors & High-Tech Writers

TORONTO--(BUSINESS WIRE)--April 11, 2000

The American Sports Machine, Inc. (OTCBB:AMRR) today announced that it has redomiciled to Delaware through a merger with and into SoftQuad Software, Ltd. (SoftQuad), a Delaware corporation.

The post-merger company will continue under SoftQuad's name, and its shares of common stock began trading today on the OTC Bulletin Board under the ticker symbol SXML.

Pursuant to the merger, each share of stock of ASM was exchanged for one equivalent share of stock of SoftQuad, and each option and warrant of ASM was exchanged for one equivalent option or warrant of SoftQuad, respectively.

About SoftQuad

SoftQuad Software, Ltd. (OTCBB:SXML), through its subsidiary SoftQuad Software Inc., is a leading developer of XML enabling technologies and commerce solutions for e-business. SoftQuad's XMetaL, the world's first advanced, yet easy-to-use, XML content creation solution, has already become the premier enabling technology for XML-based content applications in e-publishing, e-commerce and knowledge management. Leveraging its technological and market leadership, SoftQuad is targeting the growing business-to-business (B2B) marketplace with Global OnRamp, a supply-side content solution that allows companies to effectively join and compete in B2B e-markets.

Headquartered in Toronto, Canada, and with European operations based in London, England, SoftQuad is a founding member of, and active participant in, the World Wide Web Consortium (W3C), the Organization for the Advancement of Structured Information Standards (OASIS) and XML.org.

For more information, visit SoftQuad's website at http://www.softquad.com

Caution Concerning Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "anticipates", "estimates", "expects", "will", "should", "projects", "intends", "plans", "believes" and words and terms of similar substance used in connection with any discussion of future operating or financial performance identify such forward-looking statements. Those forward-looking statements are management's present expectations of future events. As with any projection or forecast, they are inherently susceptible to uncertainty and changes in circumstances. SoftQuad is an early-stage growth company that operates in a highly competitive and rapidly changing environment, and its business results are dependent on numerous factors, including demand for its products and services, its ability to manage costs and generate revenues, technological developments, protection of its intellectual property rights, its ability to attract and retain key personnel, the resolution of issues concerning commercial activities via the Internet, including security, reliability, cost, ease of use and access, government regulation, risks related to international sales and potential foreign currency exchange fluctuations, economic, political and social conditions in the countries in which it operates and other risks detailed from time to time in periodic reports filed by SoftQuad and its predecessor The American Sports Machine, Inc. with the U.S. Securities and Exchange Commission and other regulatory authorities. SoftQuad's actual results could differ materially from management's expectations because of changes in such factors.