itemus takes up NAME common shares and extends its offer to April 30, 2001

Apr 18, 2001, 01:00 ET from itemus inc.

    TORONTO, April 18 /PRNewswire/ - itemus inc. (TSE:ITM, OTCBB:ITMUF)
 announced today that it has again 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 12:00 p.m. (Toronto time) on April 30, 2001. In all other
 respects the Offer is unamended.
     On April 17, 2001, itemus took up a further 27,305,886 common shares of
 NAME, representing 20.95% of the outstanding NAME common shares. Together with
 the 86.9 million common shares previously acquired by itemus under the offer,
 itemus now owns 114,244,591 NAME common shares, representing approximately 87%
 of the outstanding shares.
     The result of the acquisition by itemus of NAME will be a combined
 company that is a clear leader in the field of business model innovation with
 a unique focus on corporate transformation for global organizations. The
 application of such innovation is through unique advanced technology that
 constitutes itemus as being one of the first true end-to-end providers of
 business webs.
 
     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 company 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 18 /PRNewswire/ - itemus inc. (TSE:ITM, OTCBB:ITMUF)
 announced today that it has again 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 12:00 p.m. (Toronto time) on April 30, 2001. In all other
 respects the Offer is unamended.
     On April 17, 2001, itemus took up a further 27,305,886 common shares of
 NAME, representing 20.95% of the outstanding NAME common shares. Together with
 the 86.9 million common shares previously acquired by itemus under the offer,
 itemus now owns 114,244,591 NAME common shares, representing approximately 87%
 of the outstanding shares.
     The result of the acquisition by itemus of NAME will be a combined
 company that is a clear leader in the field of business model innovation with
 a unique focus on corporate transformation for global organizations. The
 application of such innovation is through unique advanced technology that
 constitutes itemus as being one of the first true end-to-end providers of
 business webs.
 
     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 company 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.