CVCL
Profiled 04-13-00 at 0 15/16ths
CityView Energy Corp., has expanded from petroleum to business-to-business e-commerce with their investment in Sands Solutions.com Pty Ltd the IT subsidiary of Sands and McDougall an office products supplier.
NEW YORK--(BUSINESS WIRE)--Feb. 29, 2000--CityView (NASDAQ:CVCL - news) advises that Sands Solutions.Com Pty Ltd (``Sandssol.com'') and PricewaterhouseCoopers are jointly working on a number of strategic e-Business projects in Australia.
PERTH, Australia--(BUSINESS WIRE)--Feb. 23, 2000--CityView (NASDAQ:CVCL - news) advises that 3,000,000 shares have been subscribed for by institutions from the Arabian Gulf subject to shareholders approval at a price of US$1.63 per share raising a total sum of US$4.89 million as follows:
PERTH, Australia--(BUSINESS WIRE)--April 3, 2000--Continued strong demand from better informed US buyers has resulted in 48,152,269 CityView shares being traded during the twenty three trading days of March: an average of 2,093,576 shares per day. On NASDAQ 41,962,700 shares were traded and 6,189,569 shares were traded on ASX.
The total number of CityView shares traded during the Quarter to March 31, 2000 reached 132,174,549.
CityView is moving with urgency to conclude its agreement with Sands Solutions.com Pty Ltd ("Sandssol") as the global expansion of Sandssol unfolds. Having successfully concluded agreements in the Middle East and Southern Africa the next step will be Asia, Europe and North and South America.
Web site for CityView - http://www.cityviewcorp.com; Web site for Sands Solutions.com Pty Ltd - http://www.sandssol.com
PERTH, Australia--(BUSINESS WIRE)--March 28, 2000--CityView advises that on March 26, 2000 an Agreement between CityView, KAF Industries and Sands Solutions.com Pty Ltd (``Sands Solutions'') was signed in the United Arab Emirates to establish a B2B Joint Venture Company in Dubai Internet City.
The newly established Company will pioneer business to business e-procurement and e-commerce in the Middle East using the Internet, Intranet and Client/Server applications of Sands Solutions.
Discussions have taken place with Senior Officials in both the private and Government sectors of the Gulf Corporation Countries (GCC) marketplace who have expressed keen interest in the wide range of applications offered by Sands Solutions.
The Board of CityView is pleased with its investment into Sands Solutions. Since January Sands Solutions has experienced rapid expansion as shown in the releases listed below:-
January 25, 2000 University of Queensland deploys Smart Clips
February 1, 2000 West Australian Water Corporation installs Smart Clips
February 10, 2000 Microsoft Appointment of Sands Solutions
February 15, 2000 Strategic Alliance with Sands & McDougall.
February 17,2000 Expansion to East Coast of Australia
February 24,2000 Cyberstores Beta Testing
February 29, 2000 Pricewaterhouse Coopers/Sands Solutions joint bid.
March 9, 2000 Southern African Licensing Alliance
March 14, 2000 Dubai visit.
March 23, 2000 Asian market interest.
Sands Solutions operates in similar fields to Commerce One Inc (NASDAQ:CMRC - news)
PERTH, Australia--(BUSINESS WIRE)--March 23, 2000--CityView advises that following increasing enquiries from the Asian region regarding Sands Solutions, entry into the Asian market is now being evaluated. Discussions have commenced on the feasibility of CityView listing on a regional high tech Stock Market such as the GEM (Growth Enterprise Market) of Hong Kong.
CityView believes that, with the growing interest in Sands Solutions and its diverse range of proven innovative B2B e-commerce applications, listing on an Asian high tech Stock Market will further accelerate Sands Solutions global expansion.
PERTH, Australia--(BUSINESS WIRE)--March 9, 2000--CityView advises that Sands Solutions.com Pty Ltd (``Sandssol.com'') is in the final stages of negotiation for the licensing of its B2B e-commerce applications for the Southern African region, encompassing South Africa, Zimbabwe, Mozambique, South West Africa and Botswana.
Market Capitalization $14.9M
Shares Outstanding 14.0M
Float 4.90M
