Forum Archive Index - March 2000

["Matthew Van Veen" <mattvanveen@hotmail.com>]

Thats so much better than the short statement published by NZSE. Seems ITC 
are getting their foot in the doors everywhere now which can only lead to a 
major beneficial outcome. Surely it can't be long until more overseas 
investors take note of them. It will happen given time.
Frank - your INL tip gives me more emphasis on getting more AQL while they 
are like they are!!. Thanks.

Disclaimer - Hold ITC and AQL.

Cheers
Matt



>From: "Chong Family" <jka.chong@xtra.co.nz>
>Reply-To: sharechat@sharechat.co.nz
>To: <sharechat@sharechat.co.nz>
>Subject: [sharechat] ITC announcement
>Date: Thu, 23 Mar 2000 21:00:40 +1200
>
>Why is the ASX announcement for ITC has more depth than NZSE.
>Here is the complete announcement
>
>IT CAPITAL LIMITED                            2000-03-23  ASX-SIGNAL-G
>
>HOMEX - Perth
>
>+++++++++++++++++++++++++
>IT Capital Limited (ITC) has further extended its global network
>through a strategic alliance with Science Center International (SCI);
>as part of this relationship, SCI will make an investment in IT
>Capital by purchasing an undisclosed number of shares on the open
>market.
>
>SCI will help ITC establish branch venture funds in key global
>markets and will provide its turnkey market consulting expertise to
>move information technology companies across international borders.
>The alliance calls for SCI to open its international networks to ITC,
>starting in Asia and the United States, and for ITC to open its
>portfolio deal flow to SCI. In addition, SCI brings state-of-the-art
>business incubation capability to ITC through its parent, the
>University City Science Center, where business incubation was first
>"invented" in the United States.
>
>"This Alliance with SCI enhances our global network by adding
>experienced international business partners with a proven track
>record of helping companies attack new international markets",
>explains Jeff Dittus, CEO of ITC.
>
>"SCI can help ITC move its portfolio companies into the US market in
>a systematic way involving a first class incubator, and can also
>position those same technologies in Asia and Latin America. Access to
>this type of experience in international marketing and execution is
>vital to our portfolio company's success and something ITC will
>continue to develop as our strategic advantage. Combined with our new
>investment partners - Cross Atlantic Capital Partners and Snider
>Capital L.P. - the Alliance with SCI adds hands on operating
>expertise in many of the world's largest markets.
>
>The first target of the ITC/SCI Alliance is China, where the IT
>market is experiencing explosive growth but is difficult to
>penetrate.
>
>"SCI has real China experience; they have completed over 60 projects
>in China over the past 6 years, and have long standing, deep
>commercial relationships there", says Dittus.
>
>"We have already begun the process of evaluating how Exo-Net and
>Terabyte can begin offering their respective e-commerce enablement
>services to the many small to medium sized businesses in this
>enormous market.
>
>"The Alliance with ITC is a great fit for SCI because it promises to
>increase our deal flow," says Dr Timothy Weckesser, CEO of SCI.
>
>"More importantly, it gives us the ability to better leverage our
>considerable international resources, especially in China and Asia.
>With the recent domestic successes of the internet Capital Group,
>Safeguard Scientifics and Vertical Net, Philadelphia has quickly
>established itself as a leading region in the world for the
>development of business to business e-commerce companies.
>
>While we have been looking for such a strategic fit for some time -
>in the US West Coast, Hong Kong and Singapore, it is ironic, and
>deeply gratifying to find such a perfect fit with ITC right here in
>our own backyard, in Philadelphia, as this B2B cluster continues to
>develop and strengthen."
>
>SCI is partially owned by the University City Science Center, the
>oldest urban research park and business incubator in the US. The
>Science Center, a consortium of 28 universities and research centres
>in the Delaware Valley, is now completing its US$22 million "Port of
>Technology" facility aimed at international business incubation. The
>Science Center started SCI over 10 years ago as a joint venture with
>the Kyoto Research Park in Japan. Today, SCI is management-owned and
>works closely with the Science Center in matters related to
>international business incubation and development.
>
>IT Capital is a value-added information technology (IT) investment
>company, currently focusing on investing in New Zealand and
>Australia. It is the first publicly traded IT investment company of
>its kind in Australasia. The company focuses heavily on B2B e-
>commerce, with the intention of transplanting its portfolio companies
>into larger overseas markets, principally the United States. It also
>focuses on bringing the leading B2B e-commerce companies from the
>United States to Australasia.
>
>SCI is an international market consulting firm providing a
>systematic, turnkey market entry process for US companies expanding
>abroad or for foreign companies seeking access to the US market. The
>firm has a special focus on China, Brazil and Japan, and maintains
>strong alliances throughout Asia and in Europe.
>
>More information on IT Capital is available on the web at
>www.itcapital.net; information on Science Center International can be
>found at www.s-c-i.com and on the University City Science Center at
>www.ucsc.org.
>
>For further information, please call:
>
>Keith Phillips, MANAGING DIRECTOR, IT CAPITAL, + 64 9 375 2595
>Jeff Dittus, CEO, IT CAPITAL, +1 610 688 1598
>Julian Nixon, HILL AND KNOWLTON, + 64 9 367 6373
>
>

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