Forum Archive Index - August 2000

["Derek Watt" <watt250@hotmail.com>]

Last weeks hype had some
substance after all...

ITC14/08/2000ASSETREL: 1130 HRS IT Capital LimitedASSET: ITC: SALE OF 
INVESTMENT IN EXO-NET INTERNATIONAL TO SOLUTION 6 IT Capital Limited has 
announced it has reached agreement to sell its stakein exo-net International 
to Solution 6 Holdings Ltd (ASX, SOH) forapproximately A$9.9 million or 
NZ$12.7 million _ NZ$9.6 million in cash andNZ$3.1 million in Solution 6 
stock.__The sale comes after IT Capital acquired 35 percent of exo-net for 
NZ$1.5million through a series of investments beginning in June 1999. Under 
theterms of the definitive agreement, e-business solutions provider, 
Solution 6,will acquire 100 percent of exo-net and IT Capital will receive 
its 33.2percent (on a fully diluted basis) of the sale proceeds from 
thisfast-growing e-commerce software developer. Settlement is expected to 
occuron 18 August 2000._

(abbrev.)

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