[LOGO] 2150 Scotia One
BROCKER 10060 Jasper Avenue
Technology Group Edmonton, Alberta T5J 3R8, Canada
Brocker Agrees Joint Venture With CobraTech Industries
AUCKLAND, New Zealand - October 31, 2000. Brocker Technology Group Ltd. (Nasdaq:
BTGL, TSE:BKI) announced today that it has signed Heads of Agreement with
CobraTech Industries Ltd, for a proposed joint venture under which CobraTech
would be granted exclusive rights to distribute several Brocker products in six
key Asian markets: Hong Kong, India, Japan, Philippines, Singapore and South
Korea.
Under the terms of the agreement, CobraTech, which has offices in Hong Kong and
Japan, will market Brocker's key B2B communications products: Bloodhound,
Supercession, Feedback, Powerphone, E-Marketer, MLM Prospector.
About Brocker's Products
o Bloodhound - a one-number personal communication service and unified
messaging system
o Supercession - an application that enables a company to build a B2B
e-commerce web site that integrates seamlessly with its ERP (enterprise
resource planning), or other back office system
o Feedback - a rapid response, Web-based electronic research tool, for Full
360(Degree) performance management and other feedback
o Powerphone - seamlessly integrates your computer and telephone, for
improved customer contact management
o E-Marketer - a product that utilizes Microsoft Outlook, CRM database and
Microsoft Exchange to produce email marketing materials using various merge
and formatting functions
o MLM Prospector - integrates messaging, fax-on-demand and prospecting
functions to service network marketing businesses
Brocker CEO, Mike Ridgway said the agreement is an important step for the
Company. "The Asian region represents tremendous opportunity but has
traditionally been difficult for Western businesses to enter successfully.
Social customs and business methods are very different, so you need a local
partner with a well-established presence and a mature business network," said
Mr. Ridgway. "This is what our agreement with CobraTech gives us - a fast track
into this largely untapped region."
CobraTech chairman and CEO, Stephen Koltai is equally excited about taking
Brocker's technology into these markets. "We've been talking to some of our
clients about these products for several months now and their enthusiasm is very
encouraging, which is why we've pursued this relationship with Brocker," said
Mr. Koltai. "Now we can begin working with Brocker to localize these products
and take them to market."
Coincidentally, on November 7th, Brocker will host Mrs Anson Chan - Chief
Secretary for Administration of the Hong Kong Government. Mrs Chan will be
visiting New Zealand on official business and will be meeting a select group of
innovative high tech companies, like Brocker, that are keen to develop business
opportunities in Hong Kong.
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About CobraTech Industries Ltd
CobraTech Industries (www.cobratechind.com) is a multi-faceted company operating
in three primary markets: business-to-business communications; data and network
security, including disaster avoidance and recovery, and data encryption; and
finance, including high speed securities trading.
CobraTech's strategy is to introduce and distribute proven, leading edge
technology into Asian IT markets, under exclusive distribution rights. The
Company also provides strategic IT consulting services for the e-Security,
e-Business and e-Finance sectors.
About Brocker Technology Group Ltd.
Brocker Technology Group Ltd. http://www.brockergroup.com is a global innovator
in business-to-business communications focusing on application development,
technical consulting services, application hosting, and vendor services
(Brocker's original technology distribution and service business). Brocker's
e-communications products, collectively called EC Suite (Enterprise
Communication Suite), include Supercession http://www.supercession.com
(e-business transaction processing software), Bloodhound
http://www.bloodhound.co.nz (unified messaging software) and Powerphone (caller
ID software that also displays all of the client's transaction history). Brocker
has established partnering agreements with KPMG and PeopleSoft. Brocker's
Supercession is designed to integrate with PeopleSoft's non-internet based ERP
software.
"SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF
1995: The statements contained in this release which are not historical facts
are forward-looking statements that are subject to risks and uncertainties that
could cause actual results to differ materially from those set forth in or
implied by forward-looking statements. These risks and uncertainties include the
Company's entry into new commercial businesses; the risk of obtaining financing,
and other risks described in the Company's Securities and Exchange Commission
filings. Product names mentioned herein may be trademarks and/or registered
trademarks of their respective companies.
The Toronto Stock Exchange has neither approved nor disapproved the information
contained herein.
COMPANY CONTACTS:
Nigel Murphy
Marketing Communications Manager
Brocker Technology Group
Tel: +64 9 374 2040
Email: [email protected]
Robert Rowell
North American Investor Relations
Tel: 800-299-7823
E-mail: [email protected]
