Teltech And Sopheon Announce SEC Registration Statement Declared Effective And Completion Timetable Set.Business Editors MINNEAPOLIS & LONDON--(BUSINESS WIRE)--Aug. 25, 2000 Teltech Resource Network Corporation and Sopheon plc today jointly announced that they expect the merger of Teltech into Sopheon to be completed on or about Sept. 15, 2000. Teltech is calling a special meeting of shareholders to be held on Sept. 8, 2000 at 8:00 a.m. CDT CDT abbr. Central Daylight Time CDT Central Daylight Time CDT n abbr (US) (= Central Daylight Time) → hora de verano del centro; (BRIT at its offices in Minneapolis. Teltech shareholders are expected to approve the merger at the special meeting. The merger itself will be completed within several business days following shareholder approval. Teltech is mailing its proxy statement Proxy Statement A document containing the information that a company is required by the SEC to provide to shareholders so they can make informed decisions about matters that will be brought up at an annual stockholder meeting. for the special meeting today. The proxy statement also includes a prospectus relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the Sopheon ordinary shares to be issued in the transaction. Sopheon's registration statement was declared effective by the SEC on Aug. 24, 2000. In a joint letter to Teltech shareholders, Barry Mence and Joe Shuster, chairmen of Sopheon and Teltech respectively, said: "This merger will create a knowledge management software and services group with a substantial customer base in Europe and in the 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. . Underpinned as it will be by the development capital raised by Sopheon in March of this year, we believe the merger will create a platform on which we will have the opportunity to build a truly global business in knowledge management." The board of Teltech has endorsed the merger unanimously. About Teltech Teltech Resource Network Corporation (www.teltech.com) is a leading provider of business-to-business research and knowledge management consulting Noun 1. management consulting - a service industry that provides advice to those in charge of running a business service industry - an industry that provides services rather than tangible objects services. Its vertical research portals for business and technical professionals reduce unproductive Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the search time by as much as 50 percent. Teltech's 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" assist companies in the development of e-business strategies, and in the creation and implementation of portals for e-business applications. Headquartered in Minneapolis, Teltech is privately held. Its client list includes half the Fortune 500. About Sopheon Sopheon is a supplier of knowledge management software and services. Its shares are quoted on the U.K. Alternative Investment Market (AIM) and on the Euro.NM Euro.NM Created on March 1, 1996, Euro.NM is a pan- network of regulated markets dedicated to growth companies, regardless of their sector of activity or country of origin. Euro. in Amsterdam. Sopheon has operational headquarters in Guildford, U.K., and has offices in the Netherlands and the United States. Information on Sopheon's products is available on: www.sopheon.com. Sopheon has filed a registration statement with the SEC on Form F-4 in connection with its acquisition of Teltech (SEC file #132-1820). Teltech shareholders are urged to read the proxy statement/prospectus which is being mailed to them. Sopheon's registration statement will be available at no charge from the SEC's web site, www.sec.gov. |
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