Brocker to Host Conference Call to Discuss Recent Developments With Littauer Technologies.Business Editors/Hi-Tech Writers AUCKLAND, New Zealand--(BUSINESS WIRE)--Dec. 12, 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) ) today announced that the Company will hold a conference call on Thursday December 14th at 4:00pm EST EST electroshock therapy. EST abbr. electroshock therapy , to discuss recent corporate developments with Littauer Technologies Co. Ltd ("Littauer Technologies", Kosdaq: 20860). Participants will include Mr. Michael Ridgway, 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. Richard Justice, CFO See Chief Financial Officer. , and Mr. Charles Spackman, Chairman of Littauer Technologies. Interested parties may call the following numbers, starting at 3:50pm EST to participate: United States and Canada 1-800-388-8975, or International 973-694-2225. The access code will be `Brocker'. In addition, the conference call will also be broadcast live over the Internet at the Vcall Investor Broadcast Network (). Investors are encouraged to submit questions in advance to Mr. Nigel Murphy (nmurphy@brocker.co.nz). The conference call will review issues pertaining to the Company's December 6th press release, wherein Brocker announced that it had entered into an agreement to purchase 25% of the outstanding shares of Littauer Technologies Co. Ltd., a major e-Business solutions provider in Asia. Brocker expects the transaction to create a business relationship between Brocker and Littauer Technologies that will give rise to joint opportunities for new business and synergies across marketing channels. Littauer Technologies is an international holding and management company that invests in, develops and manages a network of e-business companies in the Asia Pacific region. Its investment portfolio currently consists of 32 wholly or majority owned companies focused on three core areas: business solutions and infrastructure, Internet enabling technologies, and online media and e-commerce. Major shareholders of Littauer Technologies include Ericsson (Nasdaq: ERICY) -- which, on October 17, 2000 invested US$36 million for a 10% equity stake in Littauer Technologies -- as well as Hutchison Whampoa, Netcentric Partners, Odeon Capital and Korea Technology Investment Corp. The market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. of Littauer Technologies is approximately US$160 million, based on its closing price on Kosdaq as of December 11, 2000. "We are extremely pleased with this latest development in our global expansion strategy", said President and CEO of Brocker, Mr. Michael Ridgway. "Littauer Technologies has created a carefully structured network of interacting companies that can share with us significant operational, technical and marketing synergies. Given its vast network of business relationships worldwide, Littauer will help us to further expand the marketing and distribution channels for our products, such as 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). , Powerphone and Supercession. We believe that this fit will be of enormous value to the region's e-business growth and, in turn, to shareholders of both Brocker and Littauer Technologies." The shares of Littauer Technologies will be purchased from an investment group, headed by Charles Spackman, the Chairman of Littauer Technologies. To complete the transaction, Brocker will issue shares representing between 55% and 67% of the post-closing shares of Brocker. As a result, Mr. Spackman will own a controlling interest controlling interest The ownership of a quantity of outstanding corporate stock sufficient to control the actions of the firm. Controlling interest often involves ownership of significantly less than 51% of a firm's outstanding stock because many owners fail in Brocker. The number of shares of Brocker to be issued will be based on the prevailing market prices of Brocker and Littauer, subject to a lower limit of four Brocker shares for each share of Littauer and an upper limit of six Brocker shares for each share of Littauer. Subsequent to the closing, Brocker intends to acquire additional shares in order to consolidate financial statements and ownership control of Littauer Technologies. It is anticipated, as a part of the agreement, that Brocker will subsequently make all reasonable efforts to acquire the remaining 75 percent of Littauer shares, effectively merging the two companies. According to data cited in a Lehman Brothers research report dated October 12, 2000 (http://www.littauer-tech.com/investor/research.htm), full consolidation with Littauer Technologies would add approximately $340 million to Brocker's calendar 2001 revenues. Littauer Technologies is managed by a seasoned executive management team which includes, among others, Mr. Denis Denis, king of Portugal: see Diniz. Lui, President and CEO of Littauer Technologies. Formerly, Mr. Lui has served as the Managing Director of Hutchison Telecommunications Group, Greater China, as well as the Director of Hutchison Telecommunications subsidiaries in Australia and Malaysia. During his more than 13 years of service, Mr. Lui developed Hutchison Telecommunications as the market leader in Hong Kong's highly competitive mobile phone businesses. Littauer Technologies' strong client base includes blue-chip giants and government institutions in Asia, such as Hutchison Whampoa, Compaq Asia, Motorola, Microsoft, HSBC HSBC Hongkong and Shanghai Banking Corporation HSBC Humane Society of Broward County (Florida) HSBC Humane Society of Bay County (Bay County, Michigan) , and Samsung Group. Equally important are Littauer Technologies' strategic partners such as Ogilvy & Mather, Intel, Hinduja Group and IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) . "In Brocker, we have partnered with a leading business-to-business communications company in Australasia, with an existing presence in North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. capital markets," said Chairman of Littauer Technologies, Mr. Charles Spackman. The proposed transaction is subject to a number of conditions, including approval of the Board of Directors and the shareholders of Brocker, receipt of regulatory approval, completion of a due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. review by Brocker, as well as a satisfactory fairness opinion Fairness Opinion A report put together by qualified analysts or advisors providing to key decision makers an evaluation of and facts about a merger or acquisition. Notes: A fairness opinion serves as a document used for guidance in a merger, takeover, or acquisition. . About Littauer Technologies Co. Ltd. Littauer Technologies (http://www.littauer-tech.com) is an international holding and management company which invests in, develops and manages a comprehensive network of e-business solutions companies in the Asia Pacific region. The company provides a complete "front to back" suite of innovative solutions and infrastructure ranging from building and enabling any segment of a front-end Internet operation to implementing fully integrated back office operational applications, with the ultimate goal to increase business performance, efficiency and value. Littauer Technologies' customers include, Motorola, Samsung, Cable & Wireless HKT HKT Phuket, Thailand - Phuket (Airport Code) HKT Home Keygen Token , Hutchison Telecom and Yahoo! Korea. Strategic partners include IBM, Compaq, Cisco, Intel, Microsoft, Philips and Sony. About Brocker Technology Group Ltd. 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 e-communications products, collectively called the Enterprise Communication Suite (EC Suite), include Supercession (http://www.supercession.com), e-business transaction processing software; Bloodhound (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 Shares of Littauer Technologies Company Limited 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. Note: 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. Web: http://www.brockergroup.com Web: http://www.wallstreetir.com |
|
||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion