McLEAN, Va., June 7, 2002 (PRIMEZONE) -- Effective at the close of business today, June 7, 2002, Sideware Systems, Inc. will voluntarily delist from the Toronto Stock Exchange (TSE).
As a result of KnowledgeMax's recent reverse merger with Sideware Systems, Inc., on May 21, 2002, the publicly traded company formerly trading under the OTCBB symbol SDWS and TSE:SYD.U is no longer a Canadian-based company. Shares of the newly merged company, KnowledgeMax, Inc., will now be traded on the OTCBB under the symbol KWMX.
Additional information regarding this decision may be found on KnowledgeMax's site www.KnowledgeMax.com in the press release dated May 24, 2002.
KnowledgeMax's senior management, Board of Directors and shareholders wish to again thank the TSE for the opportunity it has provided our company.
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.
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.
Subject company: Sideware Systems Inc. (Exchange Act File No. 000-29974)