Curated for content, computing, and digital experience professionals

Day: May 22, 2001

eBT Announces Liquidation

eBT International, Inc. announced that its Board of Directors has unanimously voted to dissolve and liquidate the Company, subject to the approval of the holders of a majority of its shares. Based upon current information, the Company anticipates that assets available for distribution to shareholders will be between $3.10 and $3.22 per share. The Board will call a special meeting of shareholders, expected to be held in August 2001, to approve the Plan of Complete Liquidation and Dissolution. A Proxy statement describing the Plan will be mailed to shareholders approximately 30 days prior to the meeting. In reaching its decision that the plan of liquidation and dissolution is in the best interests of the Company and its shareholders, the Board of Directors considered a number of factors. The Proxy statement will describe these factors in detail, including the Company’s recent performance, the state of the content management industry, prevailing economic conditions and previous unsuccessful efforts to sell or merge the Company last year and more recently. The Board also considered restructuring the business in light of the Company’s unsatisfactory revenue performance in the fiscal quarter ended April 30, 2001. These plans, including plans involving significant reductions in the Company’s current operations, either entailed considerable risk, or did not demonstrate that positive operating cash flow or operating income could be achieved in a period of time acceptable to the Board, and required a significant amount of cash to fund the Company’s operations prior to the achievement of potentially acceptable financial results. In connection with the intent to liquidate, the Company has begun the orderly wind down of its operations, including laying off the majority of its employees, seeking purchasers for the sale of its intellectual property and other tangible and intangible assets and providing for its outstanding and potential liabilities. In addition, the Company will continue to provide support and maintenance to existing maintenance agreement holders for the duration of their current contracts. www.ebt.com

CSC PLOENZKE & empolis GmbH forming partnership

A cooperation agreement between CSC PLOENZKE and empolis content management GmbH is in place for the XML product line from empolis where CSC PLOENZKE provides its integration services. The current focus of this agreement is to professionally meet all requirements demanded by extended and distributed projects for mid-sized, as well as large international enterprises. The cooperation agreement will initially be based on sigmalink, empolis’s content management solution. XML based knowledge management products from empolis will also become an integral part of the product range provided through CSC PLOENZKE’s services. www.cscploenzke.de, www.empolis.com

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