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SpatialNews Press Release
SoftQuad's XMetaL Hits 2000th Customer Milestone
Toronto, Ontario - November 7, 2000 - SoftQuad Software, Ltd. (OTC BB:
SXML), a leading developer of XML-enabling technologies, today announced the
shipment of XMetaL, SoftQuad's award winning XML content authoring solution
to its 2000th customer. SoftQuad reached this important milestone after
just 18 months to the market, and a mere seven months after signing its
1,000th customer in April. SoftQuad has emerged as the market leader in
content creation for XML.
"XMetaL's success in the marketplace is indicative of the growing acceptance
of XML among businesses," says Roberto Drassinower, CEO of SoftQuad
Software, Ltd. "XML is the language of e-business. SoftQuad's strength and
expertise in XML content is second to none, and we've proven this with
XMetaL - our widely accepted, powerful XML content creation solution that is
driving e-business into the future."
XMetaL has consistently received positive reviews and awards from the media
and has been rapidly adopted by corporations deploying solutions for
developing and managing XML-based content for e-business applications. Some
of the world's leading companies have adopted XMetaL as their XML content
authoring solution, including Amazon.com, Continental Airlines, Ericsson,
HP, Lucent Technologies, Reed Technology and Information Services and USA
Today.com.
As the premier enabler for XML-based content applications, XMetaL 2.0,
provides the power and flexibility required to create and work with XML
content in a real-world production environment. Combining state-of-the-art
XML editing features and the ideal front-end to e-business applications,
XMetaL 2.0 takes XML content creation to an even higher level, while
maintaining its easy-to-use interface.
XMetaL was first shipped in May 1999, and version 2.0 was released to the
public in June 2000. Sales for SoftQuad 's XMetaL product increased 130 per
cent for the six months ended June 30,2000, compared to the same period in
1999. To date, SoftQuad has signed up 33 XMetaL Channel Partners to expand
its distribution network and has established strategic partnerships with
Ariba, Documentum, Vignette and Software AG.
About SoftQuad Software, Ltd.
SoftQuad Software, Ltd. (OTC BB: SXML) is a founding member of the World
Wide Web Consortium (W3C). The Company co-invented XML technology and is
internationally recognized in the technical community as a developer and
world leader of XML e-enabling technologies to the growing
business-to-business (B2B) Internet infrastructure solutions market.
SoftQuad was first to the content creation market with XMetaL, an advanced
yet easy-to-use XML content creation solution which has already become the
premier enabling technology for XML-based content applications in electronic
publishing, e-commerce and knowledge management. SoftQuad continues to
target the growing B2B marketplace with MarketAgility, a supply-side content
solution that allows companies to effectively join and compete in B2B
e-markets. Awards: XMetaL won the Web Techniques 1999 "Web Authoring Tool
of the Year" Award; it was one of Internet Week's "Best of the Best",
winning the "Most Innovative" in "Best of 1999" awards and it is also one of
XML Journal's "World Class" recommendations for 2000. For more information,
visit SoftQuad's web site at http://www.softquad.com
Caution Concerning Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning
of the Private Securities Litigation Reform Act of 1995. Words such as
"anticipates", "estimates", "expects", "will", "should", "projects",
"intends", "plans", "believes" and words and terms of similar substance used
in connection with any discussion of future operating or financial
performance identify such forward-looking statements. Those forward-looking
statements are management's present expectations of future events. As with
any projection or forecast, they are inherently susceptible to uncertainty
and changes in circumstances. SoftQuad is an early-stage growth company
that operates in a highly competitive and rapidly changing environment, and
its business results are dependent on numerous factors, including demand for
its products and services, its ability to manage costs and generate
revenues, technological developments, protection of its intellectual
property rights, its ability to attract and retain key personnel, the
resolution of issues concerning commercial activities via the Internet,
including security, reliability, cost, ease of use and access, government
regulation, risks related to international sales and potential foreign
currency exchange fluctuations, economic, political and social conditions in
the countries in which it operates, its ability to successfully obtain
inclusion of its common stock on the Nasdaq National Market and other risks
detailed from time to time in periodic reports filed by SoftQuad with the
U.S. Securities and Exchange Commission and other regulatory authorities.
SoftQuad's actual results could differ materially from management's
expectations because of such factors.
For further information on SoftQuad Software, contact:
David Terry
Media Inquiries
ITPR (for SoftQuad Software)
(416) 642-6357
david@itpr.com
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