|
Press Release |
|||
|
Sideware Settles Remaining Legal DisputesRESTON, Va., November 10, 2000 – Sideware (OTC (BB): SDWSF; TSE and CDNX: SYD.U), a leading developer of customer service solutions for e- businesses, has entered into agreements to settle its remaining legal disputes with former management. Sideware will receive payments totaling C$250,000, and will issue 20,000 shares and pay C$32,000 to a former director. The remaining legal claims between Sideware and former management will be terminated. Issuance of the 20,000 shares is subject to regulatory approval. The settlement agreements will resolve all of Sideware’s remaining material legal proceedings.About Sideware Sideware is a leading developer of customer service solutions for e-businesses. Sideware’s Dr. Bean software is an e-Customer Relationship Management (eCRM) solution based on 100% Java and Enterprise Java technology, providing multi-platform scalability and functionality across all major servers and operating systems. In addition, the company is an independent software vendor (ISV) of IBM and a Premier Software Partner of Siebel. Other key strategic business partnerships include ties with Oracle Corp., Sun Microsystems and SAIC. Based in Reston, Va., Sideware Corporation is a wholly owned subsidiary of Sideware Systems Inc. Sideware Systems Inc. publicly trades on the OTC Bulletin Board, on the Toronto Stock Exchange, and on the Canadian Venture Stock Exchange (OTC (BB): SDWSF; TSE and CDNX: SYD.U). For further information on Sideware’s total solution or turnkey products and services, please visit http://www.sideware.com ON BEHALF OF THE BOARD James Speros President and CEO The Canadian Venture Exchange Does Not Accept Responsibility For The Adequacy Or Accuracy Of This Release. The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this communication (as well as information included in oral statements or other written statements made or to be made by Sideware Systems Inc.) contains statements that are forward-looking, such as statements relating to the future anticipated direction of the high technology industry, plans for future expansion, various business development activities, planned capital expenditures, future funding sources, anticipated sales growth and potential contracts. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of Sideware Systems Inc. These risks and uncertainties include, but are not limited to, those relating to development and expansion activities, dependence on existing management, financial activities, domestic and global economic conditions, changes in federal or state income tax laws, and market competition factors. Editorial Contact: Tara Dunion Sideware Corporation 703-437-9002 x 3044 tdunion@sideware.com top of page |
|||