itemus takes up NAME common shares and extends its offer to April 17, 2001

Apr 02, 2001, 01:00 ET from itemus inc.

    TORONTO, April 2 /CNW/ - itemus inc. (TSE:ITM, OTCBB:ITMUF) announced
 today that it has extended its existing offer to purchase all of the
 outstanding common shares and options and warrants to acquire common shares of
 NAME Inc. (TSE: NOM) on the basis of 0.9155 common shares of itemus inc. (as
 adjusted in accordance with the terms of the offer) for each common share of
 NAME until 5:00 p.m. EST (Toronto time) on April 17, 2001. In all other
 respects the Offer is unamended.
     On March 30, 2001, itemus took up all of the NAME securities properly
 deposited under the offer prior to that time, including 86.9 million common
 shares, representing approximately 67% of the outstanding common shares of
 NAME.
     The result of the acquisition by itemus of NAME will be a combined
 company that is a clear leader in architecting and building innovative
 business models through unique advanced technology that constitutes itemus as
 being one of the first true end-to-end providers of business webs and
 corporate transformations. itemus' deep experience in delivering high-end
 solutions provides strategic business and technology architectures that
 ensures Global 2000 organizations are competitive in today's Internet-based
 economy.
 
     About NAME.
     Founded in 1994, NAME is one of the world's first Internet application
 integrators. NAME helps clients understand and take advantage of network
 technologies in electronic business, on-line publishing, knowledge management,
 and process reengineering. NAME's 100+ consultants average nearly 10 years'
 experience delivering reliable business applications to Fortune 2000 firms in
 the financial services, publishing, telecommunications, and other technology-
 intensive industries. NAME's approach emphasizes knowledge transfer through
 close collaboration with customer teams, augmented by professional training
 and documentation. NAME serves customers from its headquarters in Toronto as
 well as from offices in New York, Montreal, Boston, Washington, D.C., and
 Austin, TX.
 
     About itemus
     itemus inc. is a strategic services and technologies corporation that
 helps organizations architect, build and manage innovative business models for
 the Internet. itemus believes that all businesses will adopt a new, network-
 based model for creating wealth and managing relationships. To meet the
 breadth of client needs, itemus provides a complete strategic innovation
 management system. For more information, please visit the company's Web site
 at www.itemus.com.
 
 

SOURCE itemus inc.
    TORONTO, April 2 /CNW/ - itemus inc. (TSE:ITM, OTCBB:ITMUF) announced
 today that it has extended its existing offer to purchase all of the
 outstanding common shares and options and warrants to acquire common shares of
 NAME Inc. (TSE: NOM) on the basis of 0.9155 common shares of itemus inc. (as
 adjusted in accordance with the terms of the offer) for each common share of
 NAME until 5:00 p.m. EST (Toronto time) on April 17, 2001. In all other
 respects the Offer is unamended.
     On March 30, 2001, itemus took up all of the NAME securities properly
 deposited under the offer prior to that time, including 86.9 million common
 shares, representing approximately 67% of the outstanding common shares of
 NAME.
     The result of the acquisition by itemus of NAME will be a combined
 company that is a clear leader in architecting and building innovative
 business models through unique advanced technology that constitutes itemus as
 being one of the first true end-to-end providers of business webs and
 corporate transformations. itemus' deep experience in delivering high-end
 solutions provides strategic business and technology architectures that
 ensures Global 2000 organizations are competitive in today's Internet-based
 economy.
 
     About NAME.
     Founded in 1994, NAME is one of the world's first Internet application
 integrators. NAME helps clients understand and take advantage of network
 technologies in electronic business, on-line publishing, knowledge management,
 and process reengineering. NAME's 100+ consultants average nearly 10 years'
 experience delivering reliable business applications to Fortune 2000 firms in
 the financial services, publishing, telecommunications, and other technology-
 intensive industries. NAME's approach emphasizes knowledge transfer through
 close collaboration with customer teams, augmented by professional training
 and documentation. NAME serves customers from its headquarters in Toronto as
 well as from offices in New York, Montreal, Boston, Washington, D.C., and
 Austin, TX.
 
     About itemus
     itemus inc. is a strategic services and technologies corporation that
 helps organizations architect, build and manage innovative business models for
 the Internet. itemus believes that all businesses will adopt a new, network-
 based model for creating wealth and managing relationships. To meet the
 breadth of client needs, itemus provides a complete strategic innovation
 management system. For more information, please visit the company's Web site
 at www.itemus.com.
 
 SOURCE itemus inc.