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Xentel | | . | Press Release - November 4, 1998 |
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XENTEL DM Incorporated To Trade on the Alberta Stock Exchange CALGARY, ALBERTA, November 4, 1998 - Xentel DM Incorporated (XENTEL DM) Class "A" Common Shares are expected to be listed for trading on The Alberta Stock Exchange (the "ASE") on Thursday November 5, 1998 under the trading symbol "XDM". XENTEL DM has been formed through the amalgamation of Xentel Interactive Inc. (ASE:XII) and GWE Group Inc., which is a well-established private company with a 20 year history of profitability and $36 million in revenues at its fiscal year-ended June 30,1998. XENTEL DM is intended to be a one-stop source for proven, integrated, relationship-based direct marketing services. XENTEL DM currently has over 300 clients, 10 offices and 1,200 employees. XENTEL DM has completed its first quarter of operations with very positive financial revenues and net earnings. The Company's first quarterly report will be released on Thursday, November 5, 1998 and can be viewed on the Company's website. Conditional on ASE approval, XENTEL DM has received subscriptions from its employees for 105,000 Class A Common Shares at $2.15 per share. "We have set out to build a strong, growth-oriented company with an international mandate that provides real shareholder value," said founders Mike Platz and Geoff Pickering. "Our continuous financial success should demonstrate to all our shareholders that XENTEL DM is on the right track." XENTEL DM is the largest and most experienced provider of fund-raising, membership recruitment and special events services to non-profits and community service organizations in Canada. In addition, the Company is developing a contingent of commercial clientele who are experiencing success with XENTEL DM's creative and targeted direct marketing initiatives. The Alberta Stock Exchange has neither approved nor disapproved of the contents of this announcement. For further information, please contact:
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