[LOGO] BROCKER Technology Group 2150 Scotia One
10060 Jasper Avenue
Edmonton, Alberta T5J 3R8, Canada
Brocker to Expand e-Business Consulting by Acquiring Certus
AUCKLAND, NZ - August 30, 2000 - Brocker Technology Group Ltd. (Nasdaq: BTGL,
TSE: BKI), http://www.brockergroup.com a business-to-business communications
company, is pleased to announce today that it has signed a Letter of Intent to
acquire Certus Project Consulting Ltd., a management consulting company
operating in the IT and telecommunication sectors of New Zealand and Australia.
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.
According to Brocker CEO, Mr. Michael Ridgway, the acquisition of Certus
strengthens Brocker's Professional Services consulting arm. "Certus has valuable
intellectual property, in the form of effective business-to-business
communication methodologies and frameworks. They have a great reputation for
providing first class business consulting and have established themselves as an
innovator in assisting organizations to become e-business ready. We welcome the
addition of their skills and methodologies to the Brocker Professional Services
practice."
Mr. Ridgway added that the acquisition of Certus has significant benefits to
Brocker. "The consulting methodologies and frameworks that Certus brings to
Brocker have tremendous global application. We plan to roll them out around the
world as we expand our business. We are also actively looking to expand the
Professional Services practice in the United States, Canada and the United
Kingdom."
Certus Managing Director, Greg Woolley sees the move as a significant
opportunity for growth. "Last year we identified a niche in the market for
strategic e-business consulting. By joining the Brocker Professional Services
practice we now become part of a global enterprise. We are excited about being a
part of Brocker's expansion plans and long term future. We will be establishing
regional Centers of Excellence for our B2B consulting solutions, as well as
establishing a research and development group within the Professional Services
practice. We intend to remain at the forefront of technology development and
innovation."
Consideration for the acquisition will be paid in Brocker shares, valued at the
time a formal agreement is signed. The purchase price will be based on the
lesser of 1.5 times revenues or 15 times net profit before tax up to a maximum
purchase price of NZ$2.5 million (approximately US$1.1 million or CDN$1.65
million). The shares to be issued for this acquisition will not be tradable for
one year from closing and will then be subject to a pooling arrangement. The
revenue for Certus over the past 12 months totals approximately NZ$2.5 million.
Once the acquisition is complete, all 20 Certus employees will relocate to the
offices of Brockers's Professional Services division.
About Certus Project Consulting Ltd.
Certus Project Consulting http://www.certus.co.nz was established in 1999 and
has offices in New Zealand and Australia, as well as ongoing projects in
Singapore and the United States.
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The Company provides a range of management consulting services focused around
assisting clients to match business strategies with technology strategies.
Certus has a client base of corporate and government organizations including
Microsoft, EDS, Air New Zealand, Vodafone, The National Bank of New Zealand
(owned by Lloyds Bank) and Television New Zealand.
ABOUT BROCKER TECHNOLOGY GROUP
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 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.
Brocker began trading on the Nasdaq on Monday, August 21, 2000.
Corporate Contact
Brocker Technology Group
Robert Rowell
Tel: (800) 299-7823
Email: [email protected]
Investor & Media Relations (United States)
Wall Street Investor Relations
Ms. Lisa Arnold
Tel: (301) 907-4092
Email: [email protected]
Investor & Media Relations (Canada)
Anthony Zelen
Mindshare Communications
Tel: (888) 301 6788
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 Certus Project Consulting
Ltd. 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.
