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Subject: SoftQuad Joins Open Applications Group
News Release SoftQuad Joins Open Applications Group Leading XML firm committed to enabling Net Markets Toronto ON – June 15, 2000 – SoftQuad Software, Ltd., (OTC BB: SXML) an internationally-recognized developer of XML enabling technologies and commerce solutions for e-business, today announced its plans to join the Open Applications Group, Inc. (OAGI). Membership in the OAGI will ensure that SoftQuad’s MarketAgility, will be at the forefront of best practices for XML content processing and interchange. MarketAgility is SoftQuad’s XML-based content solution that gives businesses more power and control over the creation, management and real-time delivery of product information to e-marketplaces and e-procurement systems. “SoftQuad is thrilled to join an organization which shares our vision of the importance of XML content and how it is significantly impacting the future of B2B e-commerce,” says Roberto Drassinower, president and CEO of SoftQuad. “We expect our membership to benefit both SoftQuad, our customers and the other progressive members of OAGI by unifying our complementary strengths. Our membership in OAGI, combined with our active participation in the World Wide Web Consortium (W3C), the Organization for the Advancement of Structured Information Standards (OASIS) and XML.org will mean SoftQuad is at the front and center of XML industry standards and the development of high quality XML content for e-business.” Through an active membership in the Open Applications Group, Inc. (OAGI), SoftQuad will join the growing number of forward-thinking e-business members using XML technology, including Lucent, the Ford Motor Company, Microsoft and IBM. All member organizations strive to ensure best practices prevail for the easy integration of their Business to Business (B2B) and Application to Application (A2A) software. “Members of the Open Applications Group are on the cutting edge of B2B applications software development,” says OAGI CEO David Connelly, “and SoftQuad will help us push the technology even further.” OAGI is a non-profit consortium focusing on best practices and process-based XML content for eBusiness and Application Integration. It is the largest publisher of XML based messages for business software interoperability in the world. OAGI members have over five years of extensive experience in building an industry consensus-based framework for business software application interoperability and have developed a reputable process for quickly developing high quality business messages and XML representations of that content. The mission of OAGI is to promote fast, easy, and cost-effective e-business and application integration of software components for enterprise and supply-chain functions. Through its membership in the OAGI, SoftQuad will leverage XML best practices by integrating XML technology and architecture, and by providing an impartial forum for all stakeholders to work together to accomplish their common goals. XML is the preferred format for e-commerce information interchange and SoftQuad Software, Ltd is a world leader in the development of XML technology. SoftQuad’s XMetaL is widely considered to be the premier enabler of XML content solutions, and the company is targeting the growing B2B marketplace with MarketAgility, a supply-side content solution that allows companies to effectively join and compete in B2B e-markets by providing suppliers with an efficient and cost-effective way to move product information from their enterprises to multiple electronic distribution channels. 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, 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 Web site 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 such factors. For further information on SoftQuad, please contact: Sacha De Groot ITPR (for SoftQuad Software) (416) 860-3899 ext. 8026 sacha@itpr.com For further information on the Open Applications Group, please visit http://www.openapplications.org/ or contact: Anthony J. Blazej Open Applications Group, Inc. (203) 966-7388 ablazej@openapplications.org Heather Grant Account Executive ITPR 130 King Street West, Suite 2810 Toronto, ON M5X 1A9 Tel: 416-860-3899 ext 3609 Fax: 416-941-1090 Email: Heather@itpr.com
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