UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN ISSUER PURSUANT TO RULE 13a-16 AND 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the Period Ended May 2000 File No. 0-30610
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Softcare EC.com, Inc.
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(Name of Registrant)
980 West 1st Street, Suite 107 North Vancouver,
British Columbia, CANADA V7P 3N4
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(Address of principal executive offices)
Indicate by check mark whether the Registrant files or will file annual reports
under cover of Form 20-F or Form 40-F. FORM 20-F XXX FORM 40-F
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Indicate by check mark whether the Registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes No XXX
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<PAGE>
INFORMATION CONTAINED IN THIS FORM 6-K REPORT
Press Release dated May 4, 2000
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this Form 6-K to be signed on its behalf by the
undersigned, thereunto duly authorized.
Softcare EC.com, Inc..
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(Registrant)
May 19, 2000 By: /s/ Martyn Armstrong
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Date Martyn Armstrong, President and Director
<PAGE>
Shares Issued: 16,778,928
Fully Diluted: 20,079,728
Symbol: SCE-CDNX
NR-00-16
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SOFTCARE EC.COM SIGNS $1.6 MILLION AGREEMENT WITH GLOBAL NETWORK PRIVACY TO
DEVELOP E-BUSINESS/INDUSTRY PORTALS
North Vancouver, British Columbia, May 4, 2000 - SoftCare EC.Com Inc.
("SoftCare"), www.softcare.com, and Global Network Privacy Inc. ("GNP") have
entered into a business arrangement to develop e-business/Industry Portal
solutions for GNP's and SoftCare's customers. SoftCare's OpenEC platform
combined with GNP's superior hardware and operating systems will provide a
technologically advanced, highly secure business-to-business ("B2B") e-commerce
platform, strengthening SoftCare's position in the B2B Vertical Portal e-market
place.
The business arrangement consists of two agreements. The first agreement
specifies that GNP will pay SoftCare license, maintenance, and consulting fees
aggregating to a minimum of $1.6 million CDN. The second agreement specifies the
terms for hosting of SoftCare's customers on GNP's Application Service Providers
("ASP") portal. Additionally, SoftCare will receive transaction fees generated
by users of the GNP ASP portal, thereby producing the potential for significant
future ongoing transaction revenues.
Each of the agreements have an initial term of three years with provisions for
renewals thereafter. Both the initial term and renewals are subject to
contingencies for minimum levels of commercial activity on the GNP site.
Andre Szykier, Global Network Privacy's Chief Operating and Technology Officer
states, "We selected SoftCare's OpenEC Platform to allow a business to use a pay
as they go model for their e-commerce transactions. Mid-tier companies comprise
the largest segment of the market searching for affordable web-based e-commerce
hosting. SoftCare's OpenEC products offer more affordable solutions for this
market segment. We found that OpenEC was the only software platform that allowed
seamless integration with GNP's ultra secure Virtual Private Network services."
Martyn Armstrong, President & CEO of SoftCare states, "GNP's secure
communications, storage and processing infra-structure, combined with our OpenEC
Business Relationship Management Center, creates a world class solution for
third party portals and industry e-market places. By working together, our
complimentary technologies will allow GNP and SoftCare the potential to capture
a tremendous amount of revenue by providing a complete End to End e-commerce
solution. There are few companies that have the creative drive, vision and the
capability of delivering like GNP. We are very excited to be working with them
on this project."
Global Network Privacy, Inc. is a Delaware corporation with offices in Las
Vegas, Nevada and Alameda, California. The company is a new breed of Secure
Application Service Provider with a focus on information security. Global
Network Privacy provides the first end to end (internal and external) solution
for security using proprietary technology and nested encryption scheme. Global
Network Privacy provides secure transaction processing and data storage to meet
the needs of business-to-business e-commerce transaction processing, file
storage and retrieval and communication. The Company's consumer division
provides infomediary services for anonymous e-commerce transactions, e-mail, and
community web services.
SoftCare develops business relationship management software allowing companies
not only to conduct business-to-business e-commerce but also to create B2B
industry portals. Its e-business management software is open and scaleable
allowing for the integration with existing and future technologies, lowering
operating costs and streamlining the supply chain while delivering benefits to
all your e-business trading relationships.
On Behalf of the Board of Directors
Martyn Armstrong
President & CEO
For More Information Contact:
Clive Massey Joanna Longo
SoftCare EC.Com Inc. The Equicom Group Inc.
604 983 8083 tel 416 815 0700 tel
604 983 8056 fax 416 815 0080 fax
[email protected] [email protected]
Suite 107 - 980 West 1st Street, North Vancouver, BC V7P 3N4
Tel: (604) 983-8083 Fax: (604) 983-8056 Toll Free: 1-888-SOFTCARE
www.softcare.com
This News Release may contain certain statements related to revenue, expenses,
development plans and similar items that represent forward-looking statements.
Such statements are based on assumptions and estimates related to future
economic conditions. The assumptions are reviewed regularly by management,
however, they involve risks and uncertainties, including, without limitation,
changes in markets and competition, technological and competitive developments,
and potential downturns in economic conditions generally that could cause actual
results to differ materially from those contemplated in the forward-looking
statements.
