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Subject: SoftQuad Software Provides Update On NASDAQ Listing Application
News Release SoftQuad Software Provides Update On NASDAQ Listing Application TORONTO, ON – November 06, 2000 – SoftQuad Software, Ltd. (OTC BB: SXML), an internationally recognized developer of XML-enabling technologies and commerce solutions for e-business, today announced that Management is cautiously optimistic that its application to the NASDAQ National Market will be granted in the near future. "In seeking a NASDAQ National Market listing, SoftQuad will gain access to a broader institutional investor market, enhance its financing flexibility, and provide greater liquidity for its shareholders," said Roberto Drassinower, CEO, SoftQuad Software, Ltd. "We're pleased with the progress of our application to NASDAQ and are confident that the Company meets or exceeds all quantitative and qualitative listing criteria, with, among other things, cash assets in excess of $19 million as of Q2, 2000, and a stock price above five dollars per share." 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, 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. 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, 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. 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) 642-6353 Fax: (416)642-6361 Email: Heather@itpr.com
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