[LETTERHEAD OF BROCKER TECHNOLOGY GROUP]
BROCKER TO HOST CONFERENCE CALL TO DISCUSS RECENT DEVELOPMENTS
WITH LITTAUER TECHNOLOGIES
Auckland, NZ - December 12, 2000. Brocker Technology Group Ltd. (Nasdaq: BTGL,
TSE: BKI) today announced that the Company will hold a conference call on
Thursday December 14th at 4:00pm EST, to discuss recent corporate developments
with Littauer Technologies Co. Ltd ("Littauer Technologies", Kosdaq: 20860).
Participants will include Mr. Michael Ridgway, President and CEO, Mr. Richard
Justice , CFO, and Mr. Charles Spackman, Chairman of Littauer Technologies .
Interested parties may call the following numbers, starting at 3:50pm EST to
participate: United States and Canada 1-800-388-8975, or International
973-694-2225. The access code will be `Brocker'. In addition, the conference
call will also be broadcast live over the Internet at the Vcall Investor
Broadcast Network (). Investors are encouraged to submit questions in advance to
Mr. Nigel Murphy ([email protected]).
The conference call will review issues pertaining to the Company's December 6th
press release, wherein Brocker announced that it had entered into an agreement
to purchase 25% of the outstanding shares of Littauer Technologies Co. Ltd., a
major e-Business solutions provider in Asia. Brocker expects the transaction to
create a business relationship between Brocker and Littauer Technologies that
will give rise to joint opportunities for new business and synergies across
marketing channels.
Littauer Technologies is an international holding and management companythat
invests in, develops and manages a network of e-business companies in the Asia
Pacific region. Its investment portfolio currently consists of 32 wholly or
majority owned companies focused on three core areas: business solutions and
infrastructure, Internet enabling technologies, and online media and e-commerce.
Major shareholders of Littauer Technologies include Ericsson (Nasdaq: ERICY)),
-- which, on October 17, 2000 invested US$36 million for a 10% equity stake in
Littauer Technologies -- as well as Hutchison Whampoa, Netcentric Partners,
Odeon Capital and Korea Technology Investment Corp. The market capitalization of
Littauer Technologies is approximately US$160 million, based on its closing
price on Kosdaq as of December 11, 2000.
"We are extremely pleased with this latest development in our global expansion
strategy", said President and CEO of Brocker, Mr. Michael Ridgway. "Littauer
Technologies has created a carefully structured network of interacting companies
that can share with us significant operational, technical and marketing
synergies. Given its vast network of business relationships worldwide, Littauer
will help us to further expand the marketing and distribution channels for our
products, such as Bloodhound, Powerphone and Supercession. We believe that this
fit will be of enormous value to the region's e-business growth and, in turn, to
shareholders of both Brocker and Littauer Technologies."
The shares of Littauer Technologies will be purchased from an investment group,
headed by Charles Spackman, the Chairman of Littauer Technologies . To complete
the transaction, Brocker will issue shares representing between 55% and 67% of
the post-closing shares of Brocker. As a result, Mr. Spackman will own a
controlling interest in Brocker. The number of shares of Brocker to be issued
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will be based on the prevailing market prices of Brocker and Littauer, subject
to a lower limit of four Brocker shares for each share of Littauer and an upper
limit of six Brocker shares for each share of Littauer.
Subsequent to the closing, Brocker intends to acquire additional shares in order
to consolidate financial statements and ownership control of Littauer
Technologies. It is anticipated, as a part of the agreement, that Brocker will
subsequently make all reasonable efforts to acquire the remaining 75 percent of
Littauer shares, effectively merging the two companies. According to data cited
in a Lehman Brothers research report dated October 12, 2000
(http://www.littauer-tech.com/investor/research.htm), full consolidation with
Littauer Technologies would add approximately $340 million to Brocker's calendar
2001 revenues.
Littauer Technologies is managed by a seasoned executive management team which
includes , among others, Mr. Denis Lui, President and CEO of Littauer
Technologies. F ormerly, Mr. Lui has served as the Managing Director of Hutchi
son Telecommunications Group, Greater China, as well as the Director of Hutchi
son Telecommunications subsidiaries in Australia and Malaysia . During his more
than 13 years of service, Mr. Lui developed Hutchi son Telecommunications as the
market leader in Hong Kong's highly competitive mobile phone businesses.
Littauer Technologies' strong client base includes blue-chip giants and
government institutions in Asia, such as Hutchison Whampoa, Compaq Asia,
Motorola, Microsoft, HSBC, and Samsung Group. Equally important are Littauer
Technologies' strategic partners such as Ogilvy & Mather, Intel, Hinduja Group
and IBM.
"In Brocker, we have partnered with a leading business-to-business
communications company in Australasia, with an existing presence in North
American capital markets," said Chairman of Littauer Technologies, Mr. Charles
Spackman.
The proposed transaction is subject to a number of conditions, including
approval of the Board of Directors and the shareholders of Brocker, receipt of
regulatory approval, completion of a due diligence review by Brocker, as well as
a satisfactory fairness opinion.
About Littauer Technologies Co. Ltd.
Littauer Technologies (http://www.littauer-tech.com) is an international holding
and management company which invests in, develops and manages a comprehensive
network of e-business solutions companies in the Asia Pacific region. The
company provides a complete "front to back" suite of innovative solutions and
infrastructure ranging from building and enabling any segment of a front-end
Internet operation to implementing fully integrated back office operational
applications, with the ultimate goal to increase business performance,
efficiency and value.
Littauer Technologies' customers include, Motorola, Samsung, Cable & Wireless
HKT, Hutchison Telecom and Yahoo! Korea. Strategic partners include IBM, Compaq,
Cisco, Intel, Microsoft, Philips and Sony.
About Brocker Technology Group Ltd.
Brocker Technology Group (http://www.brockergroup.com) is a global innovator in
business-to-business communication systems focusing on application development,
technical consulting services, application hosting, and vendor services.
Brocker's e-communications products, collectively called the Enterprise
Communication Suite (EC Suite), include Supercession
(http://www.supercession.com), e-business transaction processing Bloodhound
(http://www.bloodhound.co.nz), unified messaging software; and Powerphone,
caller ID software that also displays all of the client's transaction . Brocker
has established partnering agreements with KPMG and PeopleSoft. Brocker's
Supercession is designed to integrate with PeopleSoft's non-internet based ERP
software.
Corporate Contact Marketing Communications Contact
Brocker Technology Group Brocker Technology Group
Robert Rowell Nigel Murphy
Tel: (800) 299-7823 Tel: +64 9 374 2040
Email: [email protected] Email: [email protected]
Web: http://www.brockergroup.com Web: http://www.brockergroup.com
Investor & Media Relations (U.S.) Investor & Media Relations (Canada)
Wall Street Investor Relations Mindshare Communications Inc.
Ms. Lisa Arnold Toll Free: (888) 301-6788
Tel: (301) 907-4092 Tel: (604) 806-3366
Email: [email protected] Fax: (604) 806-3367
Web: http://www.wallstreetir.com Email: [email protected]
"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. In addition, completion of the acquisition of Shares of Littauer
Technologies Company Limited is dependent upon completion of satisfactory due
diligence, the entering into of a mutually acceptable formal agreement, and is
subject to obtaining required regulatory approvals, and there is no assurance
that this proposed acquisition will be completed. Product names mentioned herein
may be trademarks and/or registered trademarks of their respective companies.
Note: The Toronto Stock Exchange has neither approved nor disapproved the
information contained herein.
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