Forum Archive Index - May 2001

["Tony" <tony@ltdrisk.com>]

How DOES sharechat make money?

tony

-----Original Message-----
From: owner-sharechat@sharechat.co.nz
[mailto:owner-sharechat@sharechat.co.nz]On Behalf Of Ben Dutton
Sent: Wednesday, 16 May 2001 16:34
To: sharechat@sharechat.co.nz
Subject: [sharechat] ShareChat Announcement - ShareChat acquired by
Iguana2


Dear ShareChat User,

I have some very exciting news to announce to you.  ShareChat has been
acquired by Iguana2, a company majority owned by The Solution 6 Group.

Many of you will know Iguana2 from using one of the many services they have
been providing the New Zealand investment world for the past five years.
Iguana2's clients are some of Australia's and New Zealand's largest
sharebrokers and companies including Access Brokerage, Telstra, Fletcher
Building, Telecom, and The Bank of New Zealand.  Iguana2's own projects
include Stocknessmonster and 4i.

So what does this mean for ShareChat?  Well, things will only get better.
I'll continue to manage the website along with Phil Boeyen and Will Bryant.
We'll also be introducing some exciting new market data platforms and an
Australian version of the website.

You'll still get the same level of quality service and information - in
fact, ShareChat will be able to launch even more useful features by being
under the umbrella of Iguana2.

I'm very excited about the future of ShareChat, and would like to thank
everyone for their support over the past one and 3/4 years.

It's your involvement and loyalty that makes ShareChat "New Zealand's home
for market investors" and I look forward to your continued support in the
future.

If anyone has any questions about the acquisition, please don't hesitate to
contact me at the below Email address or telephone number.  I'd love to hear
your comments.

The full press release for the acquisition is below.

Best Regards

Ben Dutton
Managing Director
ShareChat Limited.
Email: bendutton@sharechat.co.nz
Phone: 64 (0) 3 374 5682
Mobile: 64 (0) 21 639 573


Press Release

16/05/2001 For Immediate Release

New Zealand investor website ShareChat sold to Australian company, Iguana2

ShareChat, (http://www.sharechat.co.nz/) one of New Zealand's most popular
sharemarket information websites, today announced that it has been acquired
by Iguana2, an Australian company majority owned by the Solution 6 Holdings
Limited.

Managing Director of ShareChat, Ben Dutton, says he is delighted by the
sale, which will enable ShareChat to expand its array of both consumer and
corporate services.

"Even though we have only been operational for less than two years,
ShareChat has established itself as New Zealand's top destination on the web
for sharemarket investors," Mr Dutton says.  "This acquisition will result
in significant operating synergies between ShareChat and Iguana2, enabling
us to launch better services for our consumer and corporate clients."

Mr Dutton also noted ShareChat's recent move into the area of providing
Investor Relations services for listed companies.

"It makes sense for ShareChat to work together with Iguana2 in providing
these services.  Indeed, the two company's have very similar cultures - we
are both passionate about providing quality information and services for
investors and companies."

Iguana2 is a major provider of sharemarket data, trading systems and
Investor Relations products. COO Adam Rands says he sees significant future
benefits for Iguana2 with the acquisition of ShareChat.

"ShareChat offers us an excellent platform on which we can sell consumer
products to New Zealand investors," Mr Rands says.  "We are also very
interested in ShareChat's new Investor Relations products, which complement
our own offerings."

Mr Rands dismissed suggestions that Internet businesses were unviable.

"ShareChat has built its market position with virtually no advertising -
prudent management and hard work is why they've been successful," he says.

ShareChat visitors will shortly see some new additions to the ShareChat
website, including a new sharemarket data platform, and an Australian
version of the website.

Mr Dutton says he is excited about ShareChat's future prospects under its
new owner.

"We are looking forward to being able to leverage off Iguana2's considerable
experience in the field of sharemarket information and Investor Relations.
The future is bright for one of New Zealand's dot.com's," says Mr Dutton.

For further information please contact:

Ben Dutton
Managing Director, ShareChat Ltd
Phone: 64 (0)3 374 5682
Mobile: 64 (0)21 639 573
Email: bendutton@sharechat.co.nz
Web: http://www.sharechat.co.nz/

Adam Rands
COO, Iguana2
Phone: 61 2 9211 0255
Mobile: 61 410 448 262
Email: adam@iguana2.com
Web: http://iguana2.com/


About ShareChat

ShareChat was launched as a sharemarket portal for New Zealand investors in
August 1999 by Ben Dutton and Will Bryant and quickly established itself as
New Zealand's leading sharemarket information website.  Following an
injection of venture capital in April 2000, ShareChat expanded its services,
offering news, market data, discount share trading and more. The website
receives around 50,000 visits a month from active investors and is widely
recognized as providing comprehensive coverage of the national and overseas
sharemarkets.

About Iguana2

Solution 6 Iguana Pty Ltd trading as Iguana2 is an innovative and fast
growing sharemarket information service provider based in Sydney, Australia
and majority owned by Solution 6 Holdings Limited.  Iguana2 offers services
to brokers, media companies, fund managers, portals and private investors.
Iguana2's clients include some of Australia and New Zealand's largest
sharebrokers and companies, including Access Brokerage, Telstra, Fletcher
Building, Telecom, Bank of New Zealand and Wilson and Horton. Iguana has a
strong commitment to Open Source Software and is currently undertaking
interesting developments with WAP, SMS and Handheld devices.

About Solution 6 Group

The Solution 6 Group is a leading provider of information technology (IT)
solutions for business, government and professional advisers. The Group
delivers professional and business software, IT services and a range of
e-business and knowledge management solutions - all designed to help make IT
easier for its customers. The Solution 6 Group provides end-to-end solutions
for five key markets including accounting, legal, global practices, small,
medium and larger business, and Government.  Established in 1981 and listed
on the Australian Stock Exchange in 1987, the Solution 6 Group is an
Australian-owned company with a global presence. Headquartered in Sydney,
Australia, the Group is one of the market leaders in global practice
management solutions.  The Solution 6 Group employs over 1600 IT
professionals worldwide in 36 offices, across 13 countries. The Group
maintains strategic partnerships with IBM, Lotus, Microsoft, Telstra and
Vignette.



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http://www.sharechat.co.nz/          New Zealand's home for market investors
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http://www.sharechat.co.nz/          New Zealand's home for market investors
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To remove yourself from this list, please use the form at
http://www.sharechat.co.nz/forum.shtml.