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Exhibit 99.4
This is a form of a material change report required under Section 85(1) of the
Securities Act and Section 151 of the Securities Rules.
FORM 27
SECURITIES ACT
MATERIAL CHANGE REPORT UNDER SECTION 85(1) OF THE ACT
NOTE: This form is intended as a guideline. A letter or other document may
be used if the substantive requirements of this form are complied
with.
NOTE: Every report required to be filed under Section 85(1) of the Act
shall be sent to the Commission in an envelope addressed to the
Commission and marked "Continuous Disclosure".
NOTE: WHERE THIS REPORT IS FILED ON A CONFIDENTIAL BASIS PUT AT THE
BEGINNING OF THE REPORT IN BLOCK CAPITALS "CONFIDENTIAL -- SECTION
85", AND EVERYTHING THAT IS REQUIRED TO BE FILED SHALL BE PLACED IN
AN ENVELOPE ADDRESSED TO THE SECRETARY OF THE COMMISSION MARKED
"CONFIDENTIAL".
Item 1. Reporting Issuer
WSI Interactive Corp.
Item 2. Date of Material Change
June 23, 2000
Item 3. Press Release
The press release was issued on June 23, 2000 and disseminated
through Canada News Wire.
Item 4. Summary of Material Change
WSi Interactive Corporation is pleased to announce its business
alliance with eReservation Systems Inc., a private corporation based
in Surrey, British Columbia.
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Item 5. Full Description of Material Change
eReservation Systems Inc., a private corporation based in Surrey,
British Columbia. WSi is facilitating eReservation in going public
through its acquisition by Techgroup Ventures Inc. (CDNX:TEC), an
existing venture capital pool company on the CDNX, and will assist in
any marketing strategies as the company progresses.
Techgroup will issue 642,000 shares to WSi Interactive Corporation,
as a Finder's Fee in connection with the eReservation acquisition.
This is an "arm's length transaction". These shares are part of the
10,700,000 shares to be issued on the acquisition referenced in
Techgroup's news release of April 20, 2000, and will be subject to
the same escrow provisions applicable to the selling shareholders.
The eReservation acquisition and the issuance of the Finder's Fee
shares to WSi remain subject to regulatory and shareholder approval.
eReservation is the creator, developer and marketer of the
www.eReservation.com web site. eReservation intends to compete in the
business of providing commercial Internet services to the travel and
leisure industry focusing on electronic transaction fee processing,
on-line reservation services and web site development, as well as
being the premier global resort and golf eReservation services web
site. Using a central database of resorts and golf courses throughout
the world, eReservations will be able to provide an on-line
"real-time" reservations system encompassing rooms, golf tee-times
and shop purchases.
The Internet is a vehicle where eReservation believes it can provide
a technological solution as more people continue to conduct their
financial affairs "on-line". eReservation has developed a user
friendly booking system designed specifically to meet the needs of
today's travelers. The eReservation's system allows
www.eReservation.com to display hotels in locations around the world
and to use eReservation's real-time booking software, or they can
simply respond to eReservation's electronic request for reservation
and eReservation and www.eReservation.com administers them.
eReservation's products and services are comprehensive across a wide
range of requirements.
Currently, eReservation's System supplies Internet services to nine
golf courses and three ski resorts throughout North America
including: Nicklaus North, Big Sky Golf and Country Club, Burrard
International Holdings Inc., and Nancy Greene's Cahilty Lodge at Sun
Peaks. As well, eReservation has partnered with Golf Holidays West in
an exclusive agreement to market global vacation packages over the
Internet.
Theo Sanidas, President of WSi, said "This further demonstrates our
commitment to the Internet economy and that not only do we incubate
but also facilitate Internet businesses and assist them to succeed
and share in that success".
Item 6. Reliance on Section 85(2) of the Act
Nothing in this form is required to be maintained on a confidential
basis.
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Item 7. Omitted Information
Not applicable.
Item 8. Senior Officer
James L. Harris, Secretary
Telephone No. (604) 609-3068
Item 9. Statement of Senior Officer
The foregoing accurately discloses the material change referred to
herein.
DATED this 23rd day of June, 2000 WSI Interactive Corp.
By: /s/ James L. Harris
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James L. Harris
Secretary
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(Official Capacity)
