McLEAN, Va., May 24, 2002 (PRIMEZONE) -- KnowledgeMax, Inc. (OTCBB:KWMX) has informed the Toronto Stock Exchange (TSE) of its intention to delist.
As a result of KnowledgeMax's recent reverse merger with Sideware Systems, Inc., the publicly traded company formerly trading under the OTCBB symbol SDWS and TSE: SYD.U is no longer a Canadian-based company. KnowledgeMax's shares will now be traded under the OTCBB symbol KWMX.
This decision to delist was based on numerous factors such as the TSE's current listing requirements, information received from our transfer agent on shareholder make-up, accessibility of our shareholders to the OTCBB and the costs associated with maintaining two listings.
The company believes that this decision is fiscally prudent to consolidate our trading volume and focus our investor & public relations resources together with our information dissemination on our primary market. Current shareholders will continue to be able to trade our stock on the OTCBB.
KnowledgeMax's goal is to disclose more information in a timely manner, and at a lower cost. In addition, our long-term goal is to position our company to be traded on the Nasdaq Exchange. We believe the decision to delist is one step in the beginning of this process.
The KnowledgeMax Board of Directors and Shareholders wish to thank the TSE for the opportunity it has provided our company. The market recognizes the TSE as Canada's premiere exchange.
About KnowledgeMax, Inc. (www.knowledgemax.com)
KnowledgeMax is based in McLean, Va. The company's new OTCBB trading symbol effective 5/22/02 is KWMX. KnowledgeMax provides organizations with eBusiness systems for purchasing knowledge and learning products and services. KnowledgeMax has developed a unique customizable "Knowledge Resource Center" which is a user-friendly, one-stop system for providing employees of Fortune 1000 companies with books, online courses, training videos, audio, and other knowledge and learning resources. Complementary premium services allow for the efficient management and delivery of client-developed content and "information on demand." Some of its customers include IBM (NYSE:IBM), Accenture (NYSE:ACN), the International Society for Performance Improvement (ISPI) and the National Association of Manufacturers (NAM). KnowledgeMax also owns a minority interest in Canadian-based Chalk Media Service Corp.
About The Chalk Group (www.chalk.com)
Chalk Media Service Corp. (Chalk Media) is the producer of the television show "Dave Chalk's Computer Life" and a leading provider of innovative learning solutions that help organizations use education to meet business objectives. Combining expertise in TV production, Web development and instructional design, Chalk Media produces high quality rich media content, using proven and established technologies. Chalk Media creates effective learning tools that educate employees, partners and customers about our clients' products and services. With offices in Vancouver and Toronto, Chalk Media's reach spans the Internet, television, radio and print. Chalk has provided marketing and training consultation, content, delivery and support for companies such as Microsoft (Nasdaq:MSFT), Royal Bank and Telus.
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995:
This document contains forward-looking statements that involve risks, uncertainties and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. For example, statements of expected synergies, growth and revenue opportunities, management and organizational structure are all forward-looking statements. Risks, uncertainties and assumptions include the possibility that the market for the sale of certain products and services may not develop as expected; that development of these products and services may not proceed as planned; that Sideware and KnowledgeMax are unable to transition or obtain customers, successfully execute their integration strategies, or achieve planned synergies; other risks that are described from time to time in Sideware's Securities and Exchange Commission reports (including but not limited to the annual report on Form 10-K for the year ended December 31, 2001, and subsequently filed reports). If any of these risks or uncertainties materializes or any of these assumptions prove incorrect, Sideware's results could differ materially from Sideware's expectations in these statements. For further discussion of important risk factors that may materially affect management's estimates, Sideware's or KnowledgeMax's results, and the forward-looking statements herein, please see the risk factors contained in Sideware's SEC filings.