Centrinity Clarifies Intention With Respect To Next Financing.Business Editors MARKHAM, Ontario--(BUSINESS WIRE)--Oct. 30, 2000 Centrinity Inc. (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :CTI (Computer Telephone Integration) Combining data with voice systems in order to enhance telephone services. For example, automatic number identification (ANI) allows a caller's records to be retrieved from the database while the call is routed to the appropriate party. .) Centrinity expects next financing to be a U.S. offering Centrinity Inc., which develops and markets leading unified communications The real time redirection of a voice, text or e-mail message to the device closest to the intended recipient at any given time. For example, voice calls to desk phones could be routed to the user's cellphone when required. and collaborative groupware Software that supports multiple users working on related tasks in local and remote networks. Also called "collaborative software," groupware is an evolving concept that is more than just multiuser software which allows access to the same data. technologies, today clarified its intention with respect to its next financing in response to a recent article in Canadian Business Canadian Business is the longest-publishing business magazine in Canada. It was founded in 1928 as The Commerce of the Nation, the organ of the Canadian Chamber of Commerce. The magazine was renamed Canadian Business in 1933. magazine. Centrinity previously announced its intention to list on Nasdaq and raise funds pursuant to a United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. public offering at that time. Given the company's strong cash position, Centrinity has no intention of raising additional funds in advance of this offering. Centrinity's recently completed US$20 million private placement to U.S. institutional investors puts the company in a strong financial position and provides it with sufficient funds for the foreseeable future and until a U.S. public offering is pursued. About Centrinity Inc. Serving over 6 million users in more than 8,000 organizations in 55 countries, Centrinity is a high growth software company with technological leadership in the burgeoning global market for unified communications solutions and related network-based collaboration tools. Since the launch of Centrinity's Unified Communications solution in September, the company has signed up its first two "carrier class" service providers, Sprint Canada and GoAmerica. In addition, Centrinity has sold its Unified Communications solution to more than 25 new and existing enterprise customers. Centrinity is listed under the symbol "CTI" on The Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. . Website: www.centrinity.com This news release may include statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. The company cautions that actual performance will be affected by a number of factors, many of which are beyond its control. Future events and results may vary substantially from what the company currently foresees. |
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