Forum Archive Index - November 1999

[Adam Rands <adam@iguana.co.nz>]

As many of you are probably using an Iguana sponsored/syndicated services i 
thought this announcement may be of interest..

Although the announcement does not specifically say it.. Iguana and 
Solution 6 will still heavily invest time and effort in the New Zealand 
market..

Check out www.iguana.co.nz for more information and a list of the sites we 
currently manage/serve

Cheers

Adam Rands
Direct - Iguana Information Services



SOLUTION 6 HOLDINGS LIMITED                   1999-11-02  ASX-SIGNAL-G

HOMEX - Sydney

+++++++++++++++++++++++++
ACQUISITION TO BUILD FINANCIAL SERVICES OFFERING, EXPANDS INTERNET
PORTAL OFFERING

Solution 6 Holdings Limited (ASX:SOH), the world's leading supplier
of business systems to the accounting profession, and innovator in
emerging ASP services, today announced that it has signed an
agreement to acquire the business of Iguana Information Services Ltd.
Iguana is the premier provider of Internet-based stockmarket
information to New Zealand investors.

The acquisition is for A$1.4 million in cash.

Solution 6 will use Iguana's tools to offer more comprehensive
Australian stockmarket information and live streaming to customers of
its Tradewise Internet stockbroking* service. The Tradewise service
is part of Solution 6's new www.eccountancy.com Internet portal.

The Iguana acquisition is a key part of Solution 6's financial
services strategy and follows the investment in Hartley Poynton in
July 1999 and the recent acquisitions of Montgomery Baggett Drews and
Dataline Systems in October 1999. Solution 6's financial services
strategy is based on a model that empowers accountants to provide
independent financial services advice and choice to their customers.
This model leverages the accounting profession's position as the
number one source of financial services advice to small and medium
businesses and high net-worth individuals.

DIFFERENTIATED SERVICE

Iguana, established in 1995, has captured a large share of the New
Zealand online market with customers that include the New Zealand
Herald, TVNZ and Telecom Xtra. Iguana also powers the online trading
system of Access Brokerage, New Zealand's largest discount broker.
Iguana currently provides over one million quotes per month to the
New Zealand market.

Solution 6 general manager, internet commerce, David Maire, said that
the acquisition will give Solution 6's Australian clients the ability
to customise their web sites with financial information, including
NZSE and ASX stock quotes.

"Iguana currently offers its New Zealand customers fully customisable
sharemarket information services and is the leading provider of
Online Trading solutions in New Zealand. This capability will enable
our customers to develop financial areas on their websites that offer
live streaming information from the NZSE and the ASX. Best of all, we
will be able to replicate this in other global markets," said Mr
Maire.

"This acquisition is a key part of Solution 6's strategy to 'power
the accountant' by providing a range of services that supports the
accountant's business on the Internet, particularly in the provision
of online financial services. This service will reside on our
Internet portal, www.eccountancy.com, and will assist accountants by
providing opportunities for them to value-add their services,"
concluded Mr Maire.

* Note: The Tradewise service is offered by Hartley Poynton, a
   licensed dealer in securities.

For further information contact:

Chris Linden/Jane Trevor      David Maire/Rushenka Perera
HOWORTH COMMUNICATIONS        SOLUTION 6
Ph: 02 9948 7443              Ph: 0416 066 583 or 0416 066 304
Email: pr@howorth.com.au      Email: david.maire@solution6.com




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