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CityView Energy Corporation Limited makes announcement.


Business Editors

NEW YORK--(BUSINESS WIRE)--Jan. 21, 2000

Listed: NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
: CVCL CVCL Camp Verde Community Library (Camp Verde, AZ)  ASX ASX

See: Australian Stock Exchange
:CVI CVI C (Language) Virtual Instrument
CVI Clinical and Vaccine Immunology (journal)
CVI Chronic Venous Insufficiency
CVI Coastal Vulnerability Index
CVI Canaan Valley Institute
 

Capital Structure: Fully Diluted: 39,996,206 Float: 12,000,000

CityView has acquired 10% of the leading Australian B2B e-commerce company Sands Solutions.com Pty Ltd for Aus$5 million (US$3,300,000), with pre-emptive rights to increase its interest in that company.

Sands Solutions.com pioneered in Australia, the new generation of on-line order processing techniques. Current products certified by worldwide rights include Smart Clips. The advantage of Smart Clips solutions is that they can be integrated into various financial systems, allowing cost effective e-procurement for high volume, low value purchases of goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. .

Sands Solutions.com is developing value for money, cost effective solutions which include the Virtual Warehouse, the Electronic Market Place and the Buy-side Quotation / Bid System which is to be released mid 2000. Other applications are Internet, Intranet, Client/Server and Smart iNet EC.

With the global trend toward the &uot;Small Office, Home Office&uot; (&uot;SOHO&uot;), Sands Solutions.com is developing Bricks &Clicks, which will offer an extensive range of commodities from a selection of suppliers. This will address the distribution issues associated with the SOHO Soho (sōhō`, sə–), district of Westminster, London, England, known for its continental restaurants. Once a fashionable quarter, it became popular among writers and artists in the 19th cent.  market.

Sands Solutions.com has financial stability, strong management structure, proven solutions in the market and a wide client base.

This investment by CityView in Sands Solutions.com will be beneficial to the strategic planning and growth of both companies.

Web site for Sands Solutions - www.sandssol.com.au
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Publication:Business Wire
Date:Jan 21, 2000
Words:250
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