[LOGO] BROCKER Technology Group 2150 Scotia One
10060 Jasper Avenue
Edmonton, Alberta T5J 3R8, Canada
Brocker To Expand Pacific Rim Operations by Acquiring Datec
AUCKLAND, NEW ZEALAND - August 21, 2000 - Brocker Technology Group Ltd.
(Nasdaq:BTGL - TSE:BKI), a business-to-business communications company,
announced today that it has signed a Heads of Agreement (Binding Letter of
Intent) to acquire Generic Technology Limited, the holding company of The Datec
Group. This is Brocker's largest acquisition to date, and one that will
significantly expand its presence in Australasia and the South Pacific.
Completion of this acquisition is dependent upon completion of satisfactory due
diligence and signing of a mutually acceptable formal agreement, and is also
subject to obtaining required regulatory approval.
The Datec Group is a leading information technology company in the South Pacific
with 1999 revenues of CDN$45.6 million. The Datec Group ("Datec"), consists of
12 separate companies employing over 300 people, with offices in six countries -
Australia, New Zealand, Fiji, Papua New Guinea, Vanuatu and the Solomon Islands.
Brocker's CEO, Michael Ridgway said that the acquisition is a part of Brocker's
strategy of global expansion. "We've said all along that a key part of our
vision is to expand our global footprint, enabling us to roll out our
business-to-business communication products and services into new markets.
Brocker and Datec have been working along side each other in the South Pacific
with complementary solutions for the past decade, so it is very satisfying and
rewarding to bring our two companies together."
Datec's Executive Director, Michael Ah Koy said, "We're delighted to become part
of the Brocker Technology Group. We're working on a number of exciting business
opportunities right now, particularly in the areas of communication technology
and software development. These projects complement Brocker's own intellectual
property, and we see many synergies between our two firms. We are confident
about Brocker's future in e-communications worldwide, and we feel that it's the
right time to come on board."
Datec will be merged into Brocker's Professional Services and Application
Development divisions. The purchase price for the acquisition is approximately
CDN$25 million, of which 70% will be paid in Brocker shares valued at CDN$10.00
per share; the balance will be in cash payments over a 3 year period.
ABOUT DATEC
Datec develops and markets business software solutions to medium and large
commercial and government organizations. Datec's range of solutions is
extensive, including network design and implementation, wireless communication
and software development. Datec markets its products across the South Pacific
from six regional offices.
ABOUT BROCKER TECHNOLOGY GROUP
Brocker Technology Group 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 original technology distribution
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and service business). Brocker's e-communications products, collectively called
EC Suite (Enterprise Communication Suite), include Supercession
www.supercession.com (e-business transaction processing software), Bloodhound
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.
Brocker began trading on the Nasdaq on Monday, August 21, 2000.
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COMPANY CONTACTS: United States Canada
Robert Rowell Lisa Arnold Anthony Zelen
Investor Relations Wall Street Investor Relations Mindshare Communications
Telephone 800-299-7823 Corp Telephone: 888-301-6788
E-mail: [email protected] Telephone: 301-907-4092 Email: [email protected]
Email: [email protected]
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"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 Generic Technology
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.
The Toronto Stock Exchange has neither approved nor disapproved the information
contained herein.
