Forum Archive Index - February 2000

[Chris <autotron@ihug.co.nz>]

Thanks Glen, I'll watch closely AI to be in b4 the float





At 01:55 PM 2/6/00 +1300, you wrote:
>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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>> >
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