TORONTO, Sept. 26, 2005 (PRIMEZONE) -- ActiveCore Technologies, Inc. (OTCBB:ATVE), a company that operates a group of subsidiaries and divisions in the U.S., U.K., and Canada that offer a Smart Enterprise Suite of products, is pleased to present this address to shareholders from ActiveCore CEO, Peter Hamilton. In his address, Mr. Hamilton is seeking to provide shareholders with a comprehensive report on ActiveCore, including the company's current status, corporate history, and the future of the company.
Mr. Hamilton, ActiveCore CEO stated, "It is with great pleasure that I address both our long-term and new ActiveCore shareholders. The company has undergone many changes during the past year including a corporate restructuring, as well as the addition and divestiture of certain divisions. As such, I felt that it was appropriate to address shareholders at this time to let them know where ActiveCore is right now and to share my vision as to where we are headed in the near future."
ActiveCore -- What We Do
"In order to share my vision of where we are going, it is imperative to know where we are right now. ActiveCore operates within the enterprise software and services market in a sector which has been described by the Gartner Group as that group of vendors of software and services that sell and install 'Smart Enterprise Suites' and related products."
"The company has organized itself into two distinct divisions to deliver its products and services. The Systems Integration and Migration (SIM) division focuses on large projects in the financial services, insurance, health care, education, and manufacturing industries. These projects are aimed at protecting the customer's investment in, improving the functionality of, and extending the life span of their existing information technology systems. This division is now comprised of the Cratos business unit and MDI, our health care specialty business unit. TwinCentric was recently divested and is no longer a part of this division."
"The Corporate Disclosure and Messaging (CDM) division is focused on working with these same and additional customers to provide them with a range of communication and information distribution-based products that allow them to leverage existing corporate information and share it with their customers, employees, and other stakeholders. Use of these tools facilitates an organization's move towards a Smart Enterprise. This division is comprised of the DisclosurePlus business unit and the ActiveCast business unit."
ActiveCore -- Where We Came From
"ActiveCore, formerly IVP Solutions Inc., has been in existence for approximately 10 years and over that span, has had numerous businesses vended in and out of it. I am very pleased to say that our direction is now stable and the current businesses that exist within ActiveCore are core businesses that will remain with the company as we move forward. The current ActiveCore executive team of myself, Peter Hamilton (president and CEO), Efrem Ainsley (CFO), George Theodore (president CDM & VP Business Development), and Andrew Wickett (president SIM & CIO) have been brought together over the past 12 months, and over that period, the nature of the company's operations have changed dramatically to ensure that ActiveCore remains as relevant and efficient as possible. More specifically, the company has completed several acquisitions and dispositions in an effort to align its product and service offerings according to the SIM and CDM divisions."
ActiveCore -- Where We are Going
SIM Division
"The objective of the company's SIM division is to service the multi-billion dollar market of payment systems for both online and in person purchases, as well as to assist corporate organizations, education, and health care institutions to modernize, integrate, and extend their current Legacy Systems. In 2003, the company purchased an interest in ePocket Inc., a software company whose technology allows cash payments to be made over the Internet. This technology promises to revolutionize the way payments are made in an online environment -- credit cards represent the current standard. However, for numerous reasons which benefit both merchants and consumers alike, the ability to transact in cash online represents a more desirable alternative. From the merchant's perspective, fees payable to credit card companies would be reduced, and the time to settle transactions would become effectively instantaneous. From a customer's perspective, concerns regarding privacy and identity theft (which currently deters many people from using the Internet for commercial purposes) would be alleviated. ePocket is currently owned by a group of private investors, in addition to ActiveCore, which owns approximately a 5 percent equity interest."
"ActiveCore has also recently entered into an agreement for the Cratos business unit within its SIM division to become the exclusive implementation services provider for ePocket. Consequently, ActiveCore shareholders have the ability to benefit from the future success of ePocket in two ways: firstly, through revenue and profits generated through the ePocket subcontracting arrangement, and secondly, through a potential capital gain which could be realized on a contemplated ePocket IPO."
"ActiveCore firmly believes that the ePocket technology can help act as the backbone for global commerce in the new economy. This technology is not dependent on the success of any specific industry, economy, or marketplace. The technology is as relevant to a steel producer as it is to an online gaming company. The ePocket value proposition is such that it generates revenues and profits through the occurrence of transactions, irrespective of what industry those transactions support. I want to be very clear here, the SIM division performs work for many customers not just for ePocket, however, ePocket does offer us both a very large customer opportunity, as well as an equity play in the payment technology marketplace."
CDM Division
"The CDM division has two distinct objectives: The first belongs to the DisclosurePlus business unit which is to provide corporations with the ability to offer superior disclosure to their shareholders in a manner that is both cost-effective and compliant with the latest regulatory standards. The second belongs to the messaging business unit which is to facilitate large volume targeted messaging for all types of corporations and organizations that need to communicate with customers, prospects, employees, or partners. As business becomes more global in nature and organizations are forced to manage parts of their operations in many disparate locations, the need for all of those locations to communicate and collaborate has become increasingly important. ActiveCore's communications technology allows customers to easily manage the logistics of mass internal and external communication. Whether the communications medium used is email, fax, or voicemail, ActiveCore manages the dissemination of critical business information. Whether it is a publishing company looking to manage its subscription renewals or an auto manufacturer notifying all of its dealers of constantly changing part prices, in today's environment, companies need to reach different types of stakeholders through different communication mediums. ActiveCore is poised to become the electronic post office of the 21st century -- delivering information in a timely, cost-effective manner."
Conclusion
"We have come a long way and undergone a number of transitions to get the organization to where it is today. Considerable effort has been put forth to restructure ActiveCore and I now believe that we are well positioned to execute our business plan."
"We have assembled a team of professionals in management positions who have the ability, experience, and desire to ensure that ActiveCore succeeds and in doing so, generate substantial shareholder value. We believe that our latest addition to the team, CFO Efrem Ainsley, was the last piece of the puzzle. In a short period of time he has already refocused our finance organization such that timely, responsible, and transparent disclosure has become his foremost priority."
"Our current strategic investments in ePocket and SilverBirch and our recent acquisitions of Cratos and DisclosurePlus have already proved that great synergies exist in ActiveCore and that the company is now solidly positioned for continued growth. Our ePocket investment is just one example of where this holds true. Our initial investment in ePocket was predicated on the belief that ActiveCore would benefit, not only from an incredible investment in a revolutionary payment technology, but more importantly, would create a strategic relationship with a company who would inevitably require an integration specialist for their technology. We are happy to say that this strategic investment has been even more successful than originally anticipated."
"In closing, I would like to thank our investors, our shareholders, our customers, and our employees who have believed in our business plan from the beginning and remained loyal through the ups and downs of the past four years. Going forward, I believe that we have a solid base to build on and that as long as we continue to build increased revenues both organically and through acquisitions in either the CDM or SIM space, that we have a bright future ahead of us. I look forward to the coming months and will certainly be back in touch once there is more to comment on."
This press release is available on the company's official online investor relations site for investor commentary, feedback, and questions. Investors are asked to visit ActiveCore IR Hub located at http://www.Agoracom.com/IR/ActiveCore. Alternatively, investors can e-mail AGORA Investor Relations directly at ATVE@Agoracom.com.
About ActiveCore Technologies, Inc. (http://www.ActiveCore.com)
ActiveCore Technologies, Inc. operates a group of subsidiaries and divisions in the U.S., U.K., and Canada that offer a Smart Enterprise Suite of products and services. We integrate, enable, and extend functions performed by current and legacy IT systems. Our products encompass Web portals, enterprise middleware, mobile data access, data management, and system migration applications. The Systems Integration & Modernization Division of ActiveCore operates under the trade names of CRATOS, MDI Solutions. The Corporate Disclosure and Messaging Division of ActiveCore operates under the trade names C Comm Network Corporation, DisclosurePlus, and ActiveCast. ActiveCore services clients in health care, financial services, government, and manufacturing worldwide.
Statements contained in this news release regarding ActiveCore Technologies, Inc. (formerly IVP Technology) and planned events are forward-looking statements, subject to uncertainties and risks, many of which are beyond ActiveCore's control, including, but not limited to, reliance on key markets, suppliers and products, currency fluctuations, dependence on key personnel, and trade restrictions, each of which may be impacted, among other things, by economic, competitive, or regulatory conditions. These and other applicable risks are summarized under the caption "Risk Factors" in ActiveCore's Registration Statement on Form SB-2 filed with the Securities and Exchange Commission on January 4, 2005. Forward-looking statements by their nature involve substantial risks and uncertainties. As a result, actual results may differ materially depending on many factors, including those described above.