E-XACT SOFTWARE SELECTED BY DELL CANADA FOR ORDER PROCESSING
E-XACT GRANTS DELL VENTURES RIGHT TO ACQUIRE SHARES
LAKEWOOD, CO, August 9, 2000 - E-xact Transactions Ltd. (CDNX: EXZ.U) announced
today that Dell will integrate E-xact's transaction processing services into its
Canadian order management system. E-xact also announced that it had agreed,
subject to regulatory approval, to issue Dell Ventures, L.P., a warrant to
purchase up to approximately 500,000 common shares of E-xact exercisable at
$2.25 per share for a period of two years. If fully exercised, the warrants will
provide Dell with a five per cent interest in E-xact's fully diluted common
stock.
"We are pleased to be working with another Internet business leader. Dell's
selection validates the robustness and flexibility of our real-time payment
services," said Ted Henderson, President and CEO of E-xact Transactions. "At
E-xact, we thoroughly understand the importance of providing customers with a
quick, safe shopping experience through a call center or Web site, and applying
this expertise as seamlessly as possible for our clients."
Dell's use of E-xact's real-time services will help integrate its call centers
and customer service with its order fulfillment systems. In addition to its
advanced transaction processing capability, E-xact's software will also provide
Dell with browser-based back-office reports. E-xact specializes in information
capture and browser-based, real-time reporting so that sales data can be
analyzed in a variety of ways. These reports can track sales and promotional
activity along with call center performance to facilitate decisions on targeted
promotions and staff allocation. E-xact's services also have the capability to
process transactions in multiple currencies across sales channels and
efficiently support cash management activities according to Dell's directives.
ABOUT DELL CANADA
Headquartered in Toronto, Ontario, Dell Canada is a wholly owned subsidiary of
Dell Computer Corporation. According to IDC Canada, in the first quarter 2000
Dell Canada ranked No. 1 in overall Canadian PC shipments as well as in the
desktop and personal workstation markets and ranked No. 3 in the notebook and PC
server markets. Dell Canada has 460 employees and offices in Halifax, Montreal,
Ottawa, Toronto and Vancouver. Information on Dell Canada and its products can
be obtained on the World Wide Web at WWW.DELL.CA.
ABOUT E-XACT TRANSACTIONS LTD.
With customers throughout the U.S. and Canada, E-xact Transaction's popular
online transaction software offers a robust e-commerce solution for companies
selling goods and services in a variety of settings. Built with flexible
architecture, E-xact's software can be easily integrated into a wide range of
platforms. Included in this transaction processing solution is a suite of
browser-based, value-added reporting modules that enable merchants to better
analyze and manage their e-commerce business in real time. E-xact's transaction
services, available on its website www.e-xact.com, can process all leading forms
of credit card payments and is certified to process transactions with major
banks in North America.
Founded in Vancouver in 1998, E-xact Transactions Ltd. re-domiciled to the state
of Delaware in July of 1999 and established U.S. headquarters in Lakewood, CO in
December of 1999. E-xact continues to operate its international office in
Vancouver and its stock is currently traded on the Canadian Venture Exchange
(CDNX: EXZ.U).
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Contacts:
E-xact: Stephanie Fischer, Marketing Director, (303) 716-7090 x204,
[email protected]
Dell Canada: Laura Kemp, Goodman Communications, (416) 924-9100,
[email protected]
