Forum Archive Index - February 2000

[Glen Whiteman <quality.res.ltd@xtra.co.nz>]

Hi Chris,
heres a lot more on Eclipse.
Regards
Glen


AI ENGINEERING CORPORATION LIMITED            2000-02-03  ASX-SIGNAL-G

HOMEX - Perth                                                         

+++++++++++++++++++++++++
Further to previous announcements in relation to the Eclipse Group,
we attach a copy of a Media Release made by Eclipse today.

As indicated in the attached Release, Eclipse and Deloitte Touche
Tohmatsu have signed a strategic alliance agreement. Deloittes have
also acquired 20 per cent of the issued capital of Eclipse.

This acquisition of 20 per cent of the issued capital was achieved by
the subscription for new capital, and purchasing shares from Eclipse
shareholders, including AI Engineering Corporation Limited.

This investment by Deloittes, together with the strategic alliance
agreement, to quote Deloittes Chief Executive Officer, Lynn Odland
"would help develop worldclass e-commerce solutions for Australian
businesses, allowing them to seamlessly implement their e-business
strategies..." AI are strongly supportive of the alliance, and
together with other Eclipse shareholders, have supported Deloittes
substantial investment in Eclipse. In addition, Deutsche Bank have
also acquired a shareholding in Eclipse.

In this process, AI has agreed to sell approximately one-fifth of its
total holding in Eclipse, and will retain 17.8% of the expanded
capital of the group.


P J L Werrett 
COMPANY SECRETARY 


MEDIA RELEASE

Deloitte Touche Tohmatsu has acquired 20 per cent of the issued
capital of the Eclipse Group, one of the fastest growing e-content
producers in Australia, it was announced today. The firms also
announced they have signed a strategic agreement to develop complete
e-commerce solutions for the Australian market.

Deloitte's Chief Executive Officer, Lynn Odland, said the strategic
alliance agreement would help develop worldclass e-commerce solutions
for Australian businesses, allowing them to seamlessly implement
their e-business strategies.

"I warmly welcome this historic alliance between the Eclipse Group
and Deloitte," he said.

"Eclipse has the expertise to enable us together to extend our
ability to design, build and implement effective business-to-business
e-commerce solutions.

"The alliance joins Deloitte's e-commerce strategy expertise with the
creative genius and hot technology of Eclipse. We are impressed by
the calibre, expertise and commercial orientation of Eclipse's
management team, and now our clients will have the tools to make a
rapid transition into the new economy and fast-evolving world of
global e-commerce."

Eclipse's Chief Executive Officer, Des Whyte, said the strategic
alliance and partial capital acquisition of Eclipse would allow
enormous growth.

"It will enable us to take the next step in our plan to be the
leading provider of Internet and multimedia solutions for Australian
business," Mr Whyte said.

"Our program of expansion is aggressive and the involvement of
Deloitte is a major vote of confidence. Eclipse and Deloitte will
develop joint marketing and training materials to ensure all partners
and staff have the tools to promote the Deloitte/Eclipse e-commerce
solutions."

BUSY IN THE E-HIVE

"We are impressed by the range of products and clients of Eclipse
Group, their technology such as "e-hive" and the quality of their
people," Growth Solutions Partner for Deloitte, Michael Kean, said.

"I am particularly impressed," he said, "with the investment Eclipse
has made in their systems, processes and methodologies. They have put
together a foundation, to support the growth of a great business with
reach well beyond Australia."

"We believe that the two cultures - Deloitte and Eclipse - will
combine to create Australia's leading e-commerce consultancy. The 20
per cent stake we have acquired in Eclipse is a reflection of the
confidence Deloitte has in this alliance."

The acquisition of 20 per cent of the issued capital was achieved by
the subscription for new capital and purchasing shares from Eclipse
shareholders.

"The Deloitte Growth Solutions Group is highly skilled in enterprise
resource planning and other back end transaction systems. We also
offer leading consulting skills in process engineering and design and
system implementation, and our strategy will be greatly enhanced by
the Eclipse Group's leading expertise in developing Internet and
multimedia solutions," Mr Kean said.

"We are very much looking forward to working with the team at
Eclipse."

NB: See our press releases at http://www.deloitte.com.au 
    Attached Background Information on Eclipse Group

For further information:

Lynn Odland                   Vessa Playfair 
CEO                           National Media Office:
Deloitte Touche Tohmatsu      Deloitte Touche Tohmatsu 
Office: (02) 9322 7055        Office: (02) 9322 7005 
                              Mobile:  0419 267 676/ 
Des Whyte                     A.H:    (02) 6568 3691 
CEO                           E-Mail: vessa_playfair@deloitte.com.au 
Eclipse Group 
Mobile: 0417 954 853 

Armon Hicks 
Turnbull Porter Novelli 
Office: (02) 8585 8200
Mobile:  0409 981 329 
E-Mail:  ahicks@porternovelli.com.au


ECLIPSE GROUP LTD - BACKGROUND INFORMATION

Eclipse Group Ltd (ACN 060 105 295) is one the leading Interactive
Architects and digital communication developers for corporate
Australia. Significant shareholders in Eclipse include the worlds
largest bank, Deutsche Bank and Deloittes Touche Tohmatsu.

>From offices in Perth, Melbourne and Sydney and with staff of
approximately 170, Eclipse has built relationships with over 150 of
Australia's largest companies and has successfully completed towards
600 individual projects. Eclipse is now one of the largest providers
of interactive content in Australia and provides the following
services for its clients:

* Strategic Consulting.
* Web Site Development & Management.
* Intranet / Extranet Applications and E-Commence Solutions.
* Multimedia Production.

Eclipse has achieved its growth and success by applying a strict
business process to efficiently deliver cost effective Internet and
multimedia projects on time and on budget.

Eclipse was established in 1993 as a graphic design business focussed
on the design and production of printed corporate communication
material, including annual reports, corporate profiles and corporate
identities. Eclipse identified the opportunity that existed for
organisations to utilise new technology and expanded its services
into Multimedia production in 1995 and subsequently invested
substantially to build its Internet capabilities.

With its established client base, comprehensive in-house
capabilities, significant investment in systems and technology
Eclipse is well positioned to capitalise on the significant growth
that is expected to continue in this industry.

www.eclipsegroup.com.au





Chris wrote:
> 
> Tell us more plse about E float, and source for this info. thks!
> 
> At 06:46 PM 2/3/00 +1300, you wrote:
> >Gidday Ritchie,
> >Try www.indranet.co.nz
> >I think this is a great coy, I bought the IPO.
> >Now trading occasionally @ $4.00.
> >ps can't wait for the Eclipse float.
> >
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