EXHIBIT 99.1
NEWS RELEASE TRANSMITTED BY CCN DISCLOSURE
FOR : Pivotal Corporation
TSE SYMBOL: PVT
NASDAQ SYMBOL: PVTL
November 28, 2000
Pivotal Announces Closing Of Cdn $85,100,000 (US $55,000,000) Financing
VANCOUVER, BRITISH COLUMBIA--Pivotal Corporation (Nasdaq NM: PVTL; TSE: PVT)
today announced that it has successfully closed its previously announced public
offering in Canada of 1,000,000 common shares at a price of Cdn.$85.10 per share
for total gross proceeds of Cdn.$85,100,000 (approximately U.S.$55,000,000).
The net proceeds of the offering will be used for corporate expansion,
acquisition initiatives and for general corporate purposes.
The common shares will not be registered under the United States Securities Act
of 1933 (the "Securities Act") and may not be offered or sold within the United
States or to, or for the account of, U.S. persons except in certain transactions
exempt from the registration requirements of the Securities Act.
Forward Looking Statements
This release contains certain forward-looking statements about the offering that
involve a number of known and unknown risks, uncertainties and other factors
that may cause actual results or events to differ materially from those
anticipated in our forward-looking statements. Factors that could cause actual
results to differ materially include the requirement to meet customary closing
conditions. Although we believe that the expectations reflected in our
forward-looking statements are reasonable, we cannot guarantee future events.
Moreover, neither we nor anyone else assumes responsibility for the accuracy or
completeness of forward-looking statements.
(c) 2000 Pivotal Corporation. All rights reserved. Pivotal, Pivotal
eRelationship 2000, Pivotal eSelling 2000 are trademarks and/or registered
trademarks of Pivotal Corporation. Microsoft, Windows, Windows 2000, Windows NT,
and BackOffice are trademarks and/or registered trademarks of Microsoft
Corporation in the United States and/or other countries. All other trade names
mentioned are trademarks and/or registered trademarks of their respective owners
FOR FURTHER INFORMATION PLEASE CONTACT :
Pivotal Corporation
Vince Mifsud
(604) 904-5850
Email: [email protected]
Website: www.pivotal.com
or
Pivotal Corporation
Jacqueline Voci
(604) 904-5923
Email: [email protected]
INDUSTRY : SOF
SUBJECT : FNC
