EveryWare Development Shareholders and InContext Systems Shareholders Approve Arrangement Agreement to Merge.MISSISSAUGA, ONTARIO--(BUSINESS WIRE)--June 24, 1997--EveryWare Development (Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). :EVY EVY Ei Voi Ymmärtää (Finnish: cannot understand) EVY Ensivasteyksikkö EVY Earned Vehicle Years EVY Envoy Format .) InContext Systems Inc. (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :INI See INI file. .) EveryWare Development Canada Corp. (ASE (Adaptive Server Enterprise) A relational DBMS from Sybase that runs on Windows NT/2000, Linux and a variety of Unix platforms. ASE is a comprehensive and robust data management product with a long history dating back to the late 1980s. :EVY) and InContext Systems Inc. (TSE:INI) today announced that their respective Shareholders and Boards of Directors have approved the Arrangement Agreement to merge their operations, subject to judicial and regulatory approval. The merged company will offer corporate clients a complete suite of Web-based applications for the construction and maintenance of dynamic Web Sites. The Arrangement Agreement provides for the amalgamation of EveryWare and InContext on the basis that each EveryWare Common Share will be converted into 0.10 Common Share of the new amalgamated company and each InContext Common Share will be converted into 0.035 Common Share and 0.05 Warrant (exercisable at $4.00 per whole Warrant for two years) of the new amalgamated company. "The approved merger between EveryWare and InContext brings together award winning software enabling the combined company to offer an increased suite of products to enterprise customers. The merger also combines technical skill sets from both organizations enabling the amalgamated company to focus its efforts on developing cross-platform Web-based solutions," said Dan McKenzie, President EveryWare Development Corp. About InContext InContext is a leading developer of diagnostic, analytical and visualization software for building and maintaining World-Wide Web Internet, Intranet and Extranet applications. InContext Systems Inc. trades under the symbol "INI" on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. . About EveryWare EveryWare is a market leader in providing innovative cross-platform development tools for creating dynamic Web-based applications. The company supports multiple operating environments, including Windows NT/95, UNIX UNIX Operating system for digital computers, developed by Ken Thompson of Bell Laboratories in 1969. It was initially designed for a single user (the name was a pun on the earlier operating system Multics). , and Mac OS. EveryWare Development Canada Corp. trades under the stock symbol "EVY" on the Alberta Stock Exchange. Inquiries should be directed to David Hackett at EveryWare, 905/819-1173 ext. 261, or through e-mail at dhackett@everyware.com. EveryWare, the EveryWare logo, Tango Enterprise, Tango Merchant, and Bolero bolero (bəlâr`ō), national dance of Spain, introduced c.1780 by Sebastian Zerezo, or Cerezo. Of Moroccan origin, it resembles the fandango. are trademarks of EveryWare Development Corp. InContext, the InContext logo, InContext WebAnalyzer, InContext Flashsite, and InContext SiteCommand are trademarks of InContext Corporation. Other product and corporate names may be trademarks or registered trademarks of other companies, and are used only for explanation and to the owners' benefit, without intent to infringe. -0- Neither The Toronto Stock Exchange nor The Alberta Stock Exchange has approved or disapproved the information contained herein. CONTACT: EveryWare Development Canada Corp. David Hackett, 905/819-1173 ext. 261 E-mail: dhackett@everyware.com. |
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