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Subject: SoftQuad Joins Ariba Supplier Initiative; Company will IntegrateProducts and Collaborate on cXML Development
FOR IMMEDIATE RELEASE SoftQuad Joins Ariba Supplier Initiative; Company will Integrate Products and Collaborate on cXML Development SoftQuad products enable Ariba suppliers to easily create and manage their e-market content TORONTO, ON – August 10, 2000—SoftQuad Software, Ltd. (OTC BB: SXML), an internationally recognized developer of XML-enabling technologies and commerce solutions for e-business, today announced that it has joined the Ariba Inc. (Nasdaq: ARBA) supplier enablement initiative and will integrate its products into the Ariba® B2B Commerce Platform™ using the Ariba Commerce Services Network®* (Ariba CSN). SoftQuad’s XML-based content solutions, XMetaL® and MarketAgility™, combined with the Ariba CSN, provide suppliers with a single, Internet-based point of access and integration with buyers and marketplaces worldwide. Ariba CSN also provides SoftQuad’s customers with efficient trading mechanisms and commerce processes such as systems integration services, global supplier directories, sourcing tools, B2B auctions and reverse auctions, logistics and supplier enablement, electronic payment and streamlined transaction services. “Enabling suppliers to participate easily is a critical factor for the success of B2B marketplaces,” said Roberto Drassinower, president and CEO, SoftQuad Software, Ltd. “We’re excited to be working with Ariba and to provide our award winning XML-based solutions to the Ariba supplier network, giving suppliers the power to easily manage their e-market content.” “We are pleased that SoftQuad is integrating its line of XML content solutions with the rapidly growing, global Ariba Commerce Services Network,” said Cindy Elkins, senior director, Supplier and Content Solutions at Ariba. “By making XMetaL and MarketAgility compatible with the Ariba B2B Commerce Platform, SoftQuad provides suppliers with the opportunity to quickly and efficiently create and manage content, and to take advantage of the global economies of scale that B2B e-commerce presents.” Further, SoftQuad will collaborate with Ariba on the continued development of Commerce XML (cXML), an open Internet standard for exchanging supplier content and transaction information between buyers, suppliers and B2B marketplaces. SoftQuad will use cXML to integrate its B2B solutions with the Ariba B2B Commerce Platform. SoftQuad’s XML content solutions give suppliers the power and control they need to participate and effectively compete in e-markets by making their content and unique value proposition directly accessible to customers through the Ariba CSN. 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 is also a member of the Open Applications Group, Inc. (OAGI) and the Wireless Application Protocol (WAP) Forum. 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 European operations based in London, SoftQuad was first to market with XMetaL, an advanced, yet easy-to-use XML content creation solution. It has already become the premier enabling technology for XML-based content applications in electronic 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, which it plans to release in Q4. 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, its ability to successfully obtain inclusion of its common stock on the Nasdaq National Market 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 Software, contact: David Terry ITPR (for SoftQuad Software) (416) 860-3899 ext. 3607 david@itpr.com SoftQuad and XMetaL are registered trademarks of SoftQuad Software, Ltd. MarketAgility is a trademark of SoftQuad Software, Ltd. Ariba and the Ariba logo are registered trademarks of Ariba, Inc. Ariba B2B Commerce Platform and Ariba Commerce Services Network are trademarks of Ariba, Inc. All other products or company names mentioned are used for identification purposes only, and may be trademarks of their respective owners. Heather Grant Account Executive ITPR 214 King Street West, Suite 216 Toronto, ON M5H 3S6 Tel: (416)860-3899 ext. 3609 Fax: (416)941-1090 Email: Heather@itpr.com
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