SEATTLE--(BUSINESS WIRE)--Aug. 6, 2001--iJoin Systems, Inc. (OTCBB:IJON), a leading developer of Intelligent Business Webs, today announced that the Company's Board of Directors has approved a two-for-one stock effective August 21, 2001. Shareholders of record at the close of business on August 21, 2001 will then be issued one additional share for each share of common stock then held. "This stock split not only rewards our current shareholders, but also makes it easier for other investors to share in iJoin's success," said Mr. John Campbell, iJoin Director. "It also enhances the current liquidity in the marketplace, making it possible for more investors to share in the promising growth of our company and our industry." As a result of the split, the number of shares of common stock outstanding will increase to approximately 13 million after August 21, 2001.
About iJoin Systems, Inc. (www.ijoin.com)
iJoin is a Delaware corporation based in Seattle that has recently developed the first-to-market Intelligent Business Web offering integrated Web services for the IT marketplace. iJoin's Intelligent B-Web streamlines IT processes, automatically integrating disparate vendors into a single source. A single source provider enables IT professionals to procure, deploy, and maintain custom solutions, and lower their total cost of technology ownership. The platform technology at the heart of iJoin's Intelligent B-Web is iJoin's proprietary XML Logic Engine that designs customized solutions for each iJoin customer. Establishing its beachhead in the information technology (IT) vertical, iJoin's XML Logic Engine will add value to multiple vertical markets in the future.
Cautionary Statement for Purposes of the "Safe Harbour" Provisions of the Private Securities Litigation Reform Act of 1995: All statements, other than historical facts, included in the foregoing news release regarding the Company's business strategy and plans of management for future operations are "forward looking statements" within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. These statements, which include, but are not limited to, words such as "expect," "anticipate," "plan," "estimate," "project" and "intend" are based on management's beliefs and assumptions, and on information currently available to management. Forward-looking statements involve certain known and unknown risks, uncertainties and other factors which may cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by these forward-looking statements. These factors include, among others, the Company's ability to successfully integrate any prior and future acquisitions; any uncertainties relating to business and economic conditions in markets in which the Company operates; any uncertainties relating to customer plans and commitments; the timely development and market acceptance of the Company's products and technologies; possible product defects and product liability, dependence on intellectual property rights, the highly competitive environment in which the Company operates and other risks detailed from time to time in the Company's periodic reports filed with the United States Securities and Exchange Commission and other regulatory authorities.
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CONTACT: For IJoin Systems Inc. Mindshare Communications Jason Birmingham, 888/301-6788 www.ijoin.com
KEYWORD: WASHINGTON INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS INTERNET PRODUCT SOURCE: IJoin Systems Inc.
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