Centrinity Inc. Starts Trading On The Toronto Stock Exchange Monday, June 5, 2000.Business Editors MARKHAM, Ontario--(BUSINESS WIRE)--June 2, 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. .), which develops and markets its leading unified messaging and collaborative groupware technologies, today announced it is listing on The Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. . Centrinity common shares will begin TSE trading on Monday, June 5, 2000 under the symbol "CTI." In making the announcement, Myles McGovern, Centrinity's President and Chief Executive Officer, said the listing represents another step in the Company's rapid evolution. "The TSE listing achieves a key objective we set last year and provides the foundation to continue our rapid growth," said McGovern. "Fundamentally, it broadens our access to investment capital, raises our visibility in the financial community, and gives more investors an opportunity to participate in Centrinity's future. Most important, it reflects our growing status as a company that has attracted an international customer and investor following." TSE President and Chief Executive Officer Barbara G. Stymiest commented: "One of our goals is to provide an active and vibrant marketplace for innovative technology companies wishing to access Canadian investment capital. Centrinity's listing demonstrates that we are meeting this goal and provides further validation of the fact that The Toronto Stock Exchange is a premier market for leaders in software and high-tech industries." Headquartered in Markham, Ontario with operations in Canada, the United States, Ireland, England and Sweden, Centrinity is a leader in providing groupware to educational institutions to enable them to create integrated, collaborative electronic communications. It also has a 5.4% share of the total integrated collaborative environments market, which International Data Corporation estimates is valued at US$2.6 billion. Centrinity has also developed and is just introducing revolutionary unified messaging technology. Centrinity's new FirstClass UM enables consumers, businesses and educational institutions to seamlessly link together all corporate and personal email, voice mail and fax mail boxes and access this electronic information anywhere, any time using any electronic device. The market for Centrinity's unified messaging technology includes telecommunication companies, Internet Service Providers Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. and large enterprise users. International Data Corporation projects that unified messaging could be a US$1.4 billion market by 2003 with an expected annual compound rate of growth of 118% over the next three years. Formed in 1994, Centrinity currently has 20,811,249 common shares issued and outstanding and a 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 approximately $146.5 million. The Company's next fiscal year end is September 30, 2000. 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 messaging solutions and related network-based collaboration tools. The Company's products include FirstClass Intranet Server Gold, FirstClass Collaborative Classroom Gold and Zebu zebu (zē`by  ), domestic animal of the cattle family, Bos indicus, found in parts of E Asia, India, and Africa. , which are widely used in commercial and education markets. Centrinity Inc. is listed, under the symbol "CTI", on The Toronto Stock Exchange and the Canadian Venture Exchange The Canadian Venture Exchange (CDNX) is now a defunct stock exchange having been acquired by the TSX Group in 2001 and renamed the TSX Venture Exchange. History of the Canadian Venture Exchange (CDNX) (CDNX CDNXSee Canadian Venture Exchange (CDNX). ). Centrinity's corporate Website is located at www.centrinity.com. No regulatory authorities or similar body have approved or disapproved the information contained herein. The Corporation relies on litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. protection for forward-looking statements. FirstClass is a registered trademark of SoftArc Inc., a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Centrinity Inc. Centrinity, the Centrinity logo and Zebu are trademarks of Centrinity Inc. All other trademarks are the property of their respective owners. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion