Magra Computer Technologies Corp. To Acquire Interest In WEB/views.com.Business Editors TORONTO--(BUSINESS WIRE)--March 29, 2000 Listed: Canadian Dealing Network Canadian Dealing Network (CDN) The organized OTC market of Canada. Formerly known as the Canadian Over-the-Counter Automated Trading System (COATS), the CDN became a subsidiary of the Toronto Stock Exchange in 1991. Issued and Outstanding Trading Symbol Trading symbol See: Ticker symbol : MGRA Common Shares: 21,792,449 Magra Computer Technologies (Magra) (Canadian Dealing Network:MGRA) announced today the proposed acquisition of an equity interest in WEB/views.com Inc. ("Web/views" or the "Company"). Magra has agreed to make available development funding to Web/views from a ten million dollar ($10,000,000) Convertible Debenture Convertible Debenture Any type of debenture that can be converted into some other security. Notes: For example, a convertible bond can be converted into stock. financing in the process of being arranged. Web/views is a business to business vendor of e-commerce enabling technologies specializing in the capacity to deliver web based Coming from a Web server. See Web application. services in multiple concurrent languages through the use of proprietary technology including new conversion and change management software and language knowledge bases. The Company is able to provide a full tier of web based services and solutions to trans-global companies seeking to bridge the language gap that challenges their ability to conduct unrestricted online commerce. Through its Web-views.com division, the Company offers traditional systems integration and consulting services Noun 1. consulting service - service provided by a professional advisor (e.g., a lawyer or doctor or CPA etc.) service - work done by one person or group that benefits another; "budget separately for goods and services" including the creation, maintenance and operation of Web sites in multiple languages. Its Web-views Integration Services division can supply Web/views subscribers with fully integrated e-business solutions linking the multilingual mul·ti·lin·gual adj. 1. Of, including, or expressed in several languages: a multilingual dictionary. 2. Web services (1) Loosely, any online service delivered over the Web. Such usage appears in articles from non-technical sources, but not in IT-oriented publications, because definition #2 below describes the correct use of the term. to the subscriber's in-house and in-place fulfillment, order management, logistics and other information technology systems. The recent release of the Company's flagship software Web Views (Release 2.0) has introduced key Customer and Project Management features including Work Order Entry and workflow based project Management enabling delivery of synchronous multilingual web sites in all Latin Script languages See scripting language. . In addition, Web master's, Editors and graphics Artist's Work Benches have been enhanced and a number of other key features enhanced to improve Web page preparation, object management and conversion. The Company has been developing advanced e-commerce engineering A person responsible for developing and maintaining e-commerce applications for a company's public Web site. Experience in database and Web server components (servlets, CORBA, EJB, etc.) is often required. See Internet engineer. services for over 9 years, with a solid management team providing leadership in the IT industry. Based on that experience Web/views has impressive access to a blue chip client base including major retailers, banks, manufacturers, government agencies and institutions as well as the opportunity to develop strategic partnerships with a number or major U.S. and Canadian corporations. Some of the projects currently under development include systems for the delivery of audio and video products through a multilingual broadband network, the delivery of multilingual Cahoot Services and the establishment of a worldwide multilingual presence. Studies unanimously forecast unprecedented growth of global online commerce with an estimated market expenditure of US$120 billion/year for converting, building and supporting a multilingual systems platform for concurrent translation. By enabling companies to facilitate their ability to do business across the many language borders, Web/views has positioned itself to become a leading service provider in this emerging market while continuing to expand its services through continuous product development. For further information visit: www.manocotechnologies.com |
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