Brocker Announces Shareholder Approval of Share Consolidation

Apr 12, 2001, 01:00 ET from Brocker Technology Group Ltd.

    EDMONTON, April 12 /PRNewswire/ - Brocker Technology Group Ltd. (Nasdaq:
 BTGL) (TSE: BKI) announced today that at the Company's Special Shareholder
 Meeting held yesterday (Wednesday April 11th), shareholders approved the
 proposed one- for-four share consolidation (reverse split).
     The purpose of a share consolidation is to ensure that Brocker complies
 with the continued listing requirements of the Nasdaq National Board -- in
 particular, the requirement to maintain a minimum bid price of US$1.00. After
 the consolidation, Brocker will have approximately 4.8 million common shares
 issued and outstanding.
     The share consolidation required approval of Brocker's shareholders by
 way of a special resolution (two-thirds majority), and is also subject to
 approval from Nasdaq and the Toronto Stock Exchange. The consolidation is
 expected to be completed by the end of April, 2001
 
     About Brocker Technology Group
     Brocker Technology Group is a communications company focused on improving
 information flows by delivering innovation and market leadership in
 telecommunication services, e-commerce strategies and information management
 technologies. Brocker subsidiary, Datec also provides a broad range of IT and
 communications solutions to companies across the South Pacific.
 
     "SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM
 ACT OF 1995: The statements contained in this release which are not historical
 facts are forward-looking statements that are subject to risks and
 uncertainties that could cause actual results to differ materially from those
 set forth in or implied by forward-looking statements. These risks and
 uncertainties include the Company's entry into new commercial businesses; the
 risk of obtaining financing, and other risks described in the Company's
 Securities and Exchange Commission filings. Product names mentioned herein may
 be trademarks and/or registered trademarks of their respective companies.
 
     The Toronto Stock Exchange has neither approved nor disapproved the
 information contained herein.
 
 

SOURCE Brocker Technology Group Ltd.
    EDMONTON, April 12 /PRNewswire/ - Brocker Technology Group Ltd. (Nasdaq:
 BTGL) (TSE: BKI) announced today that at the Company's Special Shareholder
 Meeting held yesterday (Wednesday April 11th), shareholders approved the
 proposed one- for-four share consolidation (reverse split).
     The purpose of a share consolidation is to ensure that Brocker complies
 with the continued listing requirements of the Nasdaq National Board -- in
 particular, the requirement to maintain a minimum bid price of US$1.00. After
 the consolidation, Brocker will have approximately 4.8 million common shares
 issued and outstanding.
     The share consolidation required approval of Brocker's shareholders by
 way of a special resolution (two-thirds majority), and is also subject to
 approval from Nasdaq and the Toronto Stock Exchange. The consolidation is
 expected to be completed by the end of April, 2001
 
     About Brocker Technology Group
     Brocker Technology Group is a communications company focused on improving
 information flows by delivering innovation and market leadership in
 telecommunication services, e-commerce strategies and information management
 technologies. Brocker subsidiary, Datec also provides a broad range of IT and
 communications solutions to companies across the South Pacific.
 
     "SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM
 ACT OF 1995: The statements contained in this release which are not historical
 facts are forward-looking statements that are subject to risks and
 uncertainties that could cause actual results to differ materially from those
 set forth in or implied by forward-looking statements. These risks and
 uncertainties include the Company's entry into new commercial businesses; the
 risk of obtaining financing, and other risks described in the Company's
 Securities and Exchange Commission filings. Product names mentioned herein may
 be trademarks and/or registered trademarks of their respective companies.
 
     The Toronto Stock Exchange has neither approved nor disapproved the
 information contained herein.
 
 SOURCE Brocker Technology Group Ltd.