OASIS Member News: Leading Investment Bank Selects SoftQuad

[Scott McGrath <scott.mcgrath@oasis-open.org>]

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.