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Subject: OASIS Member News: Leading Investment Bank Selects SoftQuad
From: Bruce Wigle Sent: June 27, 2001 10:40 AM Subject: OASIS Member News: Leading Investment Bank Selects SoftQuad XMetaL For Enterprise-Wide XML Content Creation Leading Investment Bank Selects SoftQuad XMetaL For Enterprise-Wide XML Content Creation TORONTO, ON - June 27, 2001 - SoftQuad Software, Ltd. (OTC BB: SXML), an internationally recognized developer of XML-enabling technologies and e-business solutions, today announced that one of the world's leading investment banks has entered into an agreement to purchase 500 SoftQuad XMetaL licenses in the first phase of a planned enterprise-wide rollout. The agreement includes a three-year support and maintenance contract calculated on a percentage basis of the cumulative license agreement value. Under the terms of the agreement, the customer may significantly increase its number of XMetaL licenses at any time, with the total value of the contract increasing accordingly. "Leading-edge companies have identified new opportunities to enhance value by leveraging their knowledge assets through Internet technologies. Increasingly, organizations are recognizing the benefits of XML as a key enabler for content-intensive enterprise applications," said Roberto Drassinower, CEO of SoftQuad. "This agreement is indicative of the growing number of opportunities we are seeing for larger deployments of XMetaL for the creation of XML-based business content." XML (eXtensible Markup Language) is a World Wide Web standard for structured document formatting and online information exchange. XML enables organizations to share and re-use information across all e-business functions within the enterprise and with outside entities such as partners, customers and suppliers. SoftQuad XMetaL is an award-winning XML editor and development platform for creating XML content applications. XMetaL enables everyone within an organization to create XML content without knowing anything about XML. It eliminates the cost and delays associated with converting documents from other formats, thus accelerating the delivery of business content to multiple destinations, such as Web, CD-ROM, wireless devices and print. XMetaL can be seamlessly integrated into content management and other e-business applications. About SoftQuad Software, Ltd. SoftQuad Software, Ltd. (OTC BB: SXML) is an internationally recognized developer of XML-enabling technologies and commerce solutions for e-business. A founding member of the World Wide Web Consortium (W3C), the Organization for the Advancement of Structured Information Standards (OASIS) and XML.org, SoftQuad has been instrumental in shaping and developing both the standards and technologies that are changing the way companies exchange information and do business over the Web. Headquartered in Toronto, Canada, with U.S. offices in Seattle and San Francisco, and European operations based in London, England, SoftQuad was first to market with an advanced, yet easy-to-use XML content creation solution, XMetaL. It has become the premier enabling technology for XML-based content applications in electronic publishing, e-commerce and knowledge management. For more information, visit SoftQuad's Web site at http://www.softquad.com. Awards: XMetaL won the XML Journal 2001 Readers' Choice Awards for "Best Content Management Tool" and "Best XML Application;" the PC Magazine (UK) "Technical Innovation Award" for "Best Development Tool" in November 2000; the Web Techniques 1999 "Web Authoring Tool of the Year" Award; was an InternetWeek "Best of the Best," winning the "Most Innovative" category; and is an XML Journal "World Class" recommendation for 2000. SoftQuad and XMetaL are registered trademarks of SoftQuad Software, Ltd. All other products or company names mentioned are used for identification purposes only, and may be trademarks of their respective owners. ### Caution Concerning Forward-Looking Statements Forward-looking statements in this news release are made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements are management's present expectation of future events. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results of operations to differ materially from historical results or current expectations. The words "anticipates", "estimates", "expects", "will", "should", "projects", "intends", "plans", "believes" and words of similar substance identify forward-looking statements. Risk factors for SoftQuad Software, Ltd. include, but are not limited to: shifts in demand for its products and services, lengthened sales and implementation cycles, competitive conditions, its ability to meet future capital requirements, protection of its intellectual property rights, the resolution of issues concerning commercial activities via the internet, reliance on strategic partners, risks related to international sales and potential foreign currency exchange fluctuations, and its ability to attract and retain key personnel. For a more complete discussion of risks and uncertainties, refer to SoftQuad's most recent reports filed with the U.S. Securities and Exchange Commission and other regulatory authorities. The factors underlying projections or forecasts are susceptible to uncertainty and subject to change. Therefore, projections and forecasts are valid as of the date they are made and do not necessarily reflect SoftQuad's outlook at any other point in time. SoftQuad does not undertake to update or review forward-looking statements.
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