Exhibit 99.1
News Release
September 29, 2000 Symbols: CDNX - WIZ
OTC - WIZZF
FWB - WSJ
WSI INTERACTIVE BUILDS TECHNOLOGY DATA CENTRE WITH IBM CANADA.
WSi Interactive Corporation is pleased to announce the completion of a
world-class technology data centre. The data centre delivers state-of-the-art
reliability, ironclad security, and scalable capacity to meet the escalating
demands of e-business activities. This facility will be used specifically for
Web technologies, Web hosting applications, data warehousing and the latest in
streaming video technologies. The data centre is strategically located at
Harbour Centre, the central Internet hub for Vancouver.
"WSi strives to be a leading force in every facet of our business; this data
centre exemplifies our ability to reach this goal and enhances our existing
Internet infrastructure," says Theo Sanidas, WSi President.
One of the data centre's most important features is the Enterprise Storage
Server, also known as the "Shark", IBM's most sophisticated disk storage system
based on a modular, Seascape(TM) architecture. The "Shark" provides limitless
data storage capabilities and the means to easily scale and manage that data to
accommodate data center growth. The "Shark", which is scalable to eleven
Terabytes, was designed to work in heterogeneous environments and across all
platforms; it is the cornerstone of IBM's open storage networking initiative.
The data centre also features the following components: four redundant Internet
backbone providers that give WSi clients stable and continuous access to the
Internet; Cisco's Enterprise Class Catalyst 6000 scalable switching technology
that delivers high-performance, multilayer switching solutions; the Cisco Secure
PIX Firewall Series offering strong security and outstanding performance; the
Cisco LocalDirector, a sophisticated server Load Balancing management system;
and the Liebert Series 300 Uninterruptible Power Supply that ensures reliable
constant power protection from utility frequency and voltage variations. To ease
the burden of systems administration, WSi has also invested in CCC Network
Systems' FreeVision controller, an Enterprise Class, scalable server management
solution that is used to manage all WSi's servers from one central location.
"This data centre should be an exciting synergy between IBM proven enterprise
technology and WSi's dynamic approach to incubating start-ups." Says Gordon
Weinstein, Client Manager Business Development, IBM Canada Ltd.
Designed to deliver unmatched reliability, scalability, capacity,
cost-effectiveness and flexibility, the data centre serves as a platform for
future Online Service facilities around the world. Due to the immense
capabilities of the data centre and the possibility for unlimited growth, WSi is
actively seeking partners to fully utilize this resource.
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In other news, WSi Interactive Corp. will be releasing the June 30th 4th Quarter
and year-end results on October 5, 2000.
WSi Interactive Corporation is pleased to announce it will be conducting its
annual general shareholder meeting on November 20, 2000 at 2:00pm. The meeting
will be held at the Terminal City Club, 837 West Hastings in Vancouver, BC,
Canada. The meeting will provide shareholders with an opportunity to meet with
the Company's management team and conclude with a tour of the company's
facilities.
THE BUSINESS OF WSI
WSi Interactive Corporation is an innovative business development and marketing
firm whose objective is to capitalize on content and infrastructure
opportunities on the Internet. WSi builds, manages and markets online businesses
in the financial, e-tail and e-commerce, entertainment, and e-advertising
sectors.
WSi focuses on early-stage companies where it can add significant value to the
investment through a network of relationships and strategic alliances, using its
experience to help Internet companies to build traffic, develop brands, and
capitalize on a variety of revenue streams.
ABOUT IBM
IBM (NYSE:IBM) develops and delivers products, services and support programs
that help companies in the fast-emerging Net Generation marketplace establish
their businesses and become profitable. Drawing on resources from IBM and from
the 90,000 IBM Business Partners, IBM's Net Generation Business is helping
Internet Service Providers, Web hosting companies, portals and born-on-the-Web
companies take advantage of the tremendous business opportunity before them. For
more information on how IBM is helping Net Generation companies, visit
HTTP://WWW.IBM.COM/SOLUTIONS/NETGENERATION.
To receive information on WSi by e-mail or fax, please forward your Internet
address or fax # to [email protected] / fax: 1-877-499-5806.
Investor Relations Toll Free: 1-888-388-4636
Website: WWW.WS-I.COM
ON BEHALF OF THE COMPANY
"Theo Sanidas"
Theo Sanidas, President
This news release may contain forward-looking statements that involve risks and
uncertainties, including the impact of competitive products and pricing and
general economic conditions as they affect the Company's clients. Actual results
and developments may therefore differ materially from those described in this
release. No regulatory authority has reviewed nor accepted any responsibility
for the adequacy or accuracy of the contents of this release.
