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Subject: OASIS MEMBER NEWS: SoftQuad Software and Extensibility, Inc. Announce XML Technology Partnership
News Release SoftQuad Software and Extensibility, Inc. Announce XML Technology Partnership Customers to benefit from accelerated XML content management TORONTO, ON – May 4, 2000 – SoftQuad Software, Ltd. (OTC BB: SXML), an internationally recognized developer of XML enabling technologies and commerce solutions for e-business, and Extensibility, Inc., the leader in XML schema management solutions, today announced a technology and marketing partnership. SoftQuad's XMetaL, a content creation solution, will be integrated with a fully functional trial version of Extensibility's XML Authority™, the leading schema design and management solution. The integration of these two products will create a comprehensive solution for Web enabled content interchange, manipulation and presentation for enterprises implementing XML-based initiatives. "We're very pleased to partner with Extensibility to help ensure XMetaL's continued leadership as the standard for XML content authoring," said Jonathan Sachs, vice- president of Marketing, SoftQuad Software, Ltd. "Our combined research and marketing efforts, as well as our enhanced XMetaL product offering, will provide customers with a powerful yet easy-to-deploy solution for developing and managing XML-based content and rules for a wide variety of e-business applications." "We're excited to work with SoftQuad and extend our reach into the XML document publishing world," said Reid Conrad, president and CEO, Extensibility, Inc. "The combination of our products will give an organization the ability to define in XML the vocabularies and grammars using XML Authority, and to manage and re-purpose the content using XMetaL." SoftQuad's XMetaL, the world's first advanced, yet easy-to-use, XML content creation solution has become the premier enabling technology for XML-based content applications in e-publishing, e-commerce and knowledge management. XMetaL is an advanced XML authoring solution that delivers unprecedented ease of use to authors, while shielding them from the complexities of XML. A familiar word processor-like environment makes XMetaL a broadly deployable solution that drastically reduces training and implementation costs. Extensibility's new release of XML Authority 1.2 is the premier solution for the development, deployment and integration of XML based e-business infrastructures for companies and their trading partners. The product offers a designing environment that accelerates the conversion, design and management of XML-based e-business grammars or schemas. The intuitive and graphical nature of XML Authority provides all levels of an organization – developers, designers, analysts, and executives – with powerful solutions to implement XML-based e-business initiatives. With support and conversion facilities for all of the major and emerging schema dialects, including DTD, XDR, BizTalk, SOXv2.0, XML-Schema/XSDL (Apr. 7) and RELAX, XML Authority offers a total solution for schema management. About Extensibility Extensibility, Inc. (http://www.extensibility.com and http://www.xmlschema.com) is the leading provider of enabling technologies for XML schemas. Extensibility provides designing environments that accelerate the conversion, creation and management of e- business grammars. Thousands of organizations, including industry initiatives such as BizTalk, FpML, HR-XML and Acord use XML Authority™ and XMLschema.com™ to build Internet ready business and industry grammars for next generation e-business applications. Extensibility is a strategic partner with leading companies such as Microsoft, Commerce One, Software AG, Quark and PricewaterhouseCoopers. Based in Chapel Hill, N.C., the company was founded in 1998 and is an active member of the W3C - Schema Working Group and OASIS. 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. SoftQuad's XMetaL, the world's first advanced, yet easy-to-use, XML content creation solution, is the premier enabling technology for XML-based content applications in e-publishing, e- commerce and knowledge management. SoftQuad is targeting the growing business-to- business (B2B) marketplace with MarketAgility (September 2000 shipping date), a supply-side content solution that allows companies to effectively join and compete in B2B e-markets. Headquartered in Toronto, Canada, and with European operations based in London, England, SoftQuad is a founding member of, and active participant in, the World Wide Web Consortium (W3C), the Organization for the Advancement of Structured Information Standards (OASIS) and XML.org. For more information, visit SoftQuad's website at http://www.softquad.com - 30 - Caution Concerning Forward-Looking Statements This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "anticipates", "estimates", "expects", "will", "should", "projects", "intends", "plans", "believes" and words and terms of similar substance used in connection with any discussion of future operating or financial performance identify such forward-looking statements. Those forward-looking statements are management's present expectations of future events. As with any projection or forecast, they are inherently susceptible to uncertainty and changes in circumstances. SoftQuad is an early-stage growth company that operates in a highly competitive and rapidly changing environment, and its business results are dependent on numerous factors, including demand for its products and services, its ability to manage costs and generate revenues, technological developments, protection of its intellectual property rights, its ability to attract and retain key personnel, the resolution of issues concerning commercial activities via the Internet, including security, reliability, cost, ease of use and access, government regulation, risks related to international sales and potential foreign currency exchange fluctuations, economic, political and social conditions in the countries in which it operates and other risks detailed from time to time in periodic reports filed by SoftQuad with the U.S. Securities and Exchange Commission and other regulatory authorities. SoftQuad's actual results could differ materially from management's expectations because of changes in such factors. For further information on Extensibility, Inc., contact: Peter de Leon Director, Marketing 200 West Franklin Street, Suite 250 Chapel Hill, NC 27516 Tel: (919) 969-6500 Fax: (800) 854-6683 press@extensibility.com For further information on SoftQuad Software, Ltd., contact: Jonathan Sachs SoftQuad Software, Ltd. Tel: (416) 544-3000 Sacha De Groot ITPR (for SoftQuad Software) Tel: (416) 860-3899 ext. 8026 Sacha@itpr.com
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