VoyForums
[ Show ]
Support VoyForums
[ Shrink ]
VoyForums Announcement: Programming and providing support for this service has been a labor of love since 1997. We are one of the few services online who values our users' privacy, and have never sold your information. We have even fought hard to defend your privacy in legal cases; however, we've done it with almost no financial support -- paying out of pocket to continue providing the service. Due to the issues imposed on us by advertisers, we also stopped hosting most ads on the forums many years ago. We hope you appreciate our efforts.

Show your support by donating any amount. (Note: We are still technically a for-profit company, so your contribution is not tax-deductible.) PayPal Acct: Feedback:

Donate to VoyForums (PayPal):

Login ] [ Contact Forum Admin ] [ Main index ] [ Post a new message ] [ Search | Check update time | Archives: 12[3]4 ]


[ Next Thread | Previous Thread | Next Message | Previous Message ]

Date Posted: 10:50:37 01/20/00 Thu
Author: warren
Subject: Check out LWNTF...

Look at yesterday's and today's volume.


Tuesday December 7, 4:02 pm Eastern Time

Company Press Release

SOURCE: LanguageWare.net

LanguageWare.net to Acquire Star+Globe
Technologies; Driving US-Asia E-business

COLORADO SPRINGS, Colo., Dec. 7 /PRNewswire/ -- LanguageWare.net (company) Ltd., (OTC Bulletin Board:
LWNTF - news, LWNUF - news) announced today that a letter of intent was signed to exchange 100% of Star+Globe
Technologies Pte. Ltd. shares for $7,500,000 in LanguageWare.net stock. Star+Globe Technologies is a closely held
Singapore company that provides proprietary Asian character processing technology. The transaction will give
LanguageWare.net a unique competitive advantage in developing multilingual web sites and e-business solutions for customers
serving Asia from around the world.
The transaction is expected to be completed upon the negotiation and execution of a
definitive agreement and the completion of due diligence.

``Star+Globe has established itself as a technology leader in data input methods and database manipulation of Asian characters,
both are necessary for a profitable and effective e-business Web site that targets Asian customers,'' said LanguageWare.net
president and CEO, Todd Oseth. ``While the Internet provides worldwide access to information, industry has unfortunately
fallen behind in providing information in the language and cultural contexts that worldwide customers expect. By joining forces
with Star+Globe, we help our customers quickly gain a competitive advantage in the Asian Internet market.''

``Star+Globe's Asian character processing represents enormous and highly advanced development efforts over several years,
and we are very pleased to combine our innovations with LanguageWare's growing market access to reach the Asian Internet
economy,'' said Virginia Cha, co-founder and CEO of Star+Globe. ``We look forward to helping our new team expand its
leadership position as a global e-business leader.''

It is anticipated that LangaugeWare.net will exchange all of the outstanding shares of Star+Globe for 35,715,000
LanguageWare.net ordinary shares representing $7,500,000 based upon a per share price of $0.21 which was the 20 day
moving average as of Dec 3, 1999. Additionally, LanguageWare.net raised $1,000,000 concurrent with entering into the letter
of intent with Star+Globe through the issuance of a convertible debenture to Lernout & Hauspie Speech Products (Nasdaq:
LHSP - news). The completion of the transaction with Star + Globe will also complete all milestones for an additional
$1,500,000 investment in LanguageWare.net ordinary stock by Vulcan Investments, Inc. of Denver, Colorado, pursuant to an
agreement signed in June 1999.

This press release contains historical information and forward-looking statements. Statements looking forward in time are
included pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Such statements involve
known and unknown risks and the Company's actual results in future periods may be materially different from any future
performance suggested herein.

About Star+Globe Technologies

Star+Globe Technologies is a leading provider of multilingual software and solutions to business worldwide, serving their Asian
and European language requirements. Headquartered in Singapore, the Company was founded in 1997 by the original
development team that created the world-renowned Multilingual Application Support Services (MASS) at Kent Ridge Digital
Labs (KRDL), the national high-tech IT lab of Singapore. For additional information visit Star+Globe's web site at:
http://www.starglobe.com.

About LanguageWare.net

LanguageWare.net is a leading global e-business provider. Founded in 1988, the company is the Internet industry's only online,
enterprise-based approach to helping companies, their customers, vendors, suppliers and employees around the world
communicate with each other in their native languages. For additional information visit the company's Web site at:
http://www.LanguageWare.net/.

[ Next Thread | Previous Thread | Next Message | Previous Message ]

[ Contact Forum Admin ]


Forum timezone: GMT-8
VF Version: 3.00b, ConfDB:
Before posting please read our privacy policy.
VoyForums(tm) is a Free Service from Voyager Info-Systems.
Copyright © 1998-2019 Voyager Info-Systems. All Rights Reserved.