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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of November , 2000
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Softcare EC.com Inc.
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(Translation of registrant's name into English)
107-980 West 1st Street
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 Form 20-F or Form 40-F.
Form 20-F [x] Form 40-F |_|
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 [x]
DESCRIPTION OF FILED INFORMATION:
PRESS RELEASE DATED NOVEMBER 9, 2000
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
Softcare EC.com Inc.
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(Registrant)
Date November 14, 2000 By /s/ Martyn Armstrong
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Martyn Armstrong, President and CEO
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*Print the name and title under the signature of the signing officer.
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SOFTCARE EC.COM INC.
Shares Issued: 16,989,728
Fully Diluted: 19,116,728
Symbol: SCE-CDNX
NR-00-24
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SOFTCARE ANNOUNCES PILOT CONTRACT WITH SNAKCORP INC/NALLEY'S
NORTH VANCOUVER, BRITISH COLUMBIA, NOV 9, 2000 - SoftCare EC.Com Inc.(CDNX:SCE),
www.softcare.com is pleased to announce the signing of Snakcorp/Nalley's to its
"PRIVATELABELHOME", Business-to-Business (B2B) industry portal (previously
announced on Nov.3, 2000).
Snakcorp is the largest US private label manufacturer of consumer-related snack
foods on the West Coast. Snakcorp has signed a service contract for pilot and
production service for a 3-year period commencing November 6, 2000. Under the
general terms of the service agreement, Snakcorp will utilize the web-based
services of SoftCare's B2B portal "PRIVATELABELHOME." SoftCare predicts that as
additional clients are signed to the portal, revenues will increase
dramatically. The company estimates that the signing of additional clients in
this vertical market could potentially result in as much as US $30 million in
annual recurring revenue.
"PRIVATELABELHOME" is an internet-based platform designed to streamline business
processes and communications among the manufacturers, their retailers and
suppliers in the project management function of new product development.
Snakcorp will engage with Softcare for the use of "PRIVATELABELHOME" to
determine its effectiveness and value in an operational environment. More
importantly, Snakcorp's commitment to Softcare during the pilot and their
presence in the private label manufacturing industry will provide an excellent
example of the cost- effectiveness and benefits of "PrivateLabelHome" in the
private label manufacturing industry.
JOHN FROSTAD, PRESIDENT OF SNAKCORP & NALLEY'S STATES: "PRIVATELABELHOME" WILL
GREATLY SIMPLIFY THE PROCESS OF PRIVATE LABEL NEW PRODUCT DEVELOPMENT, AND
SIGNIFICANTLY REDUCE THE OVERALL COSTS FOR MANUFACTURERS. WE FEEL THAT OUR
ABILITY TO SERVICE OUR CUSTOMERS WILL BE GREATLY ENHANCED BY THIS SPECIALIZED
WEB-ENABLED PROJECT MANAGEMENT SERVICE FROM "PRIVATELABELHOME."
MARTYN ARMSTONG, PRESIDENT AND CEO OF SOFTCARE STATES: "AS THIS CONTRACT IS THE
FIRST OF WHAT I BELIEVE WILL BE MANY, I AM EXTREMELY EXCITED ABOUT THE FUTURE
REVENUE POTENTIAL OF "PRIVATELLABELHOME" AS COST SAVINGS FROM THIS PORTAL ARE
RECOGNIZED BY THE INDUSTRY. OTHER PRIVATE LABEL MANUFACTURERS SHOULD SOON FOLLOW
BASED ON SAVINGS AVAILABLE TO THEM BY PARTICIPATING IN THE "PRIVATELABELHOME"
PORTAL.
SoftCare is pleased to be participating in the annual Private Label
Manufacturing Association industry trade show "New Century Store Brands"
November 12-14, 2000 in Chicago, IL. The company will be presenting the
"PRIVATELABELHOME" e-business portal solution to the PLMA members over this
3-day event.
SoftCare develops business relationship management software allowing companies
to conduct business-to-business e-commerce and the creation of B2B industry
portals. Our 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 business
e-trading relationships.
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On behalf of the Board of Directors,
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Martyn A. Armstrong
President and CEO
FOR MORE INFORMATION CONTACT:
Clive Massey
Investor Relations
SoftCare EC.Com Inc.
604 983 8083 tel
604 983 8056 fax
[email protected]
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SoftCare EC.com, Inc. Suite 107-980 West 1st Street, North Vancouver, BC V7P 3N4
Tel: (604) 983-8083 Fax: (604) 983-8056 Toll Free: 1-888-763-8227
Information in this release may involve expectations, beliefs, plans, intentions
or strategies regarding the future. These forward-looking statements involve
risks and uncertainties. All forward-looking statements included in this release
are based upon information available to SoftCare as of the date of the release,
and Softcare assume no obligation to update any such forward-looking statement.
The statements in this release are not guarantees of future performance and
actual results could differ materially from our current expectations. Numerous
factors could cause or contribute to such differences. Some of the factors and
risks associated with SoftCare's business are discussed in its registration
statement on Form 20F effective with the Securities and Exchange Commission on
May 8, 2000, and in the other reports filed by it from time to time with the SEC
and regulatory boards in Canada.
