Upon completion of this acquisition, Conexys will leverage 17inch.com's expertise in new media and electronic culture to accelerate the Company's goal of becoming the world-leading communication services provider. In addition, Conexys will provide complete communications solutions that will deliver new revenue and profit streams to Internet Service Providers (ISPs) and telecommunications companies. In turn, 17inch.com, under the Conexys name, will be the first total Unified Messaging (UM) provider in South Africa.
"17inch.com exemplifies how South Africa is rapidly becoming a leading global force in New Media companies," says Edward Furtak, CEO and founder of Conexys. "This young, dynamic group of professionals share our passion to explore and execute fresh, creative ideas. 17inch.com will complement the strength of our Canadian R&D efforts and drive Conexys to meet our goal of being the industry-leading communication service provider worldwide."
In 1997, Canada performed Cdn$865 million in trade with South Africa, and since 1996, trade between the two countries has grown by a net 26 per cent. With the purchase of 17inch.com, Conexys is taking advantage of the new trading relationships and opportunities that have grown between Canada and South Africa over recent years.
In the near future, Conexys will establish its presence in South Africa by installing a point-of-presence (POP) that will provide local access to the Internet.
Currently, 17inch.com delivers creative new media and innovative digital communication solutions, including online branding solutions, new media marketing presentations, interactive product demonstrations, Web-based information systems, and B2B and B2C commerce solutions, that enable clients to benefit from the New Economy.
In May 2000, Conexys launched its iComMand service in Canada. iComMand is a complete, Web-based communications service that simplifies communication management by providing a single point of contact and storage for all of a user's voicemail, e-mail and fax communications via a personal communication portal with user-defined content. In addition, iComMand offers Conexys' unique and personal 24/7 live customer service for support and training.
ABOUT CONEXYS CORPORATION LTD.
Conexys Corp. Ltd., an emerging Web-based communications service provider (CSP), offers complete, carrier-grade communications management solutions and services that simplify the lives of people with hectic schedules and busy lifestyles. A global company, Conexys is based in Hamilton, Bermuda with its Canadian headquarters in Toronto, Canada; a research and development office in Cape Town, South Africa; and North American headquarters soon to be opened in the U.S. Conexys' common shares are publicly traded on the Bermuda Stock Exchange under the symbol, CXYS.BH. More information about Conexys can be found at http://www.conexys.com.