Brocker Technology Group signs Letter of Intent to Acquire Media Streaming Company KyxPyx Technologies Inc.Business Editors/Hi-Tech Writers EDMONTON, Alberta--(BUSINESS WIRE)--Sept. 25, 2000 Brocker Technology Group Ltd. (Nasdaq: BTGL BTGL Bisexual Transgender Gay Lesbian , TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : BKI BKI Babbar Khalsa International BKI Kota Kinabalu, Sabah, Malaysia - Kota Kinabalu (Airport Code) BKI Bible Knowledge Institute BKI Brasil Kaffe Import (Danish Coffee Importer) ), http://www.brockergroup.com a business-to-business communications company, is pleased to announce that it has signed a Heads of Agreement Heads of Agreement A non-binding document outlining the main issues relevant to a tentative partnership agreement. Notes: It is the draft used by lawyers when drawing up the contract. It serves as a guideline for both parties before any documents are legalized. (Letter of Intent) with KyxPyx Technologies Inc., setting out the intention to acquire KyxPyx. Based in Vancouver, British Columbia, KyxPyx Technologies Inc. has developed the world's first real-time bandwidth adaptive, multi-channeled media streaming system based on the company's proprietary technology. This system analyzes the receiving user's network connection, and optimizes the media stream to deliver the maximum possible quality to users at all hi-speed (Cable/ADSL and above) connections. This acquisition, when and if completed, could propel Brocker into the next generation of media streaming and enable the company to target the rapidly growing Internet broadcast market, projected by Forbes to exceed $2 billion within 5 years. KyxPyx's Internet broadcasting software platform will allow millions of potential users to experience a richer and more entertaining Internet. When combined with Brocker's B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business technology it will enable network service providers and content producers to build profitable business models based on Internet broadcasting. According to Brocker President and 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. , Mr. Michael Ridgway, KyxPyx is an important addition to Brocker's portfolio of business communications technology products. "KyxPyx's streaming product line," said Ridgway, "expands and further enhances Brocker's suite of state-of-the-art communications products. This technology has the potential to be an industry standard and KyxPyx has the `first mover' advantage." For the acquisition of KyxPyx Brocker is to issue one million Preferred Shares, with nominal value, which include a warrant to purchase up to one million Common Shares at an exercise price of $6.40 CDN (Content Delivery Network) A system of distributed content on a large intranet or the public Internet in which copies of content are replicated and cached throughout the network. per share, exercisable for 3 years. Brocker is to pay a 7% royalty on certain revenues from other KyxPyx technology, which royalties are to be used to purchase up to an additional 2,000,000 Common Shares from Brocker over 4 years. Completion of this acquisition is dependent upon completion of satisfactory due diligence and signing of a mutually acceptable formal agreement. It is also subject to obtaining required regulatory approval. Brocker intends to operate KyxPyx as a stand alone subsidiary of Brocker's Application Development Group once the acquisition is completed. Limited information about the technology is available because of its proprietary nature and the product is not yet launched to market. ABOUT BROCKER TECHNOLOGY GROUP Brocker Technology Group http://www.brockergroup.com is a global innovator in business-to-business communication systems focusing on application development, technical consulting services, application hosting, and vendor services (Brocker's original technology distribution and service business). Brocker's e-communications products, collectively called EC Suite (Enterprise Communication Suite), include Supercession http://www.supercession.com (e-business transaction processing software), Bloodhound bloodhound, breed of large hound whose ancestors were known in the Mediterranean region before the Christian era. It stands about 25 in. (63.5 cm) high at the shoulder and weighs between 80 and 110 lb (36.3–49.9 kg). http://www.bloodhound.co.nz (unified messaging software) and Powerphone (caller ID software that also displays all of the client's transaction history). Brocker has established partnering agreements with KPMG KPMG Klynveld Peat Marwick Goerdeler (accounting firm) KPMG Kaiser Permanente Medical Group KPMG Keiner Prüft Mehr Genau (German) KPMG Kommen Prüfen Meckern Gehen and PeopleSoft. Brocker's Supercession is designed to integrate with PeopleSoft's non-internet based ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. software. "SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and OF 1995: The statements contained in this release which are not historical facts are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. These risks and uncertainties include the Company's entry into new commercial businesses; the risk of obtaining financing, and other risks described in the Company's Securities and Exchange Commission filings. In addition, completion of the acquisition of KyxPyx Technologies Inc. is dependent upon completion of satisfactory due diligence, the entering into of a mutually acceptable formal agreement, and is subject to obtaining required regulatory approvals, and there is no assurance that this proposed acquisition will be completed. Product names mentioned herein may be trademarks and/or registered trademarks of their respective companies. The Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. has neither approved nor disapproved the information contained herein. |
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