OTTAWA, Canada, Nov. 28 /PRNewswire/ - Fulcrum Technologies Inc. (NASDAQ:
FULCF; TSE: FUL) today announced that its principal banker, the Royal Bank of
Canada, has extended Fulcrum's credit facility to December 31, 1997. The
extension is intended to allow Fulcrum more time to evaluate financing and
strategic options and recognizes the significant efforts made to date by the
company and Midland Walwyn.
For 14 years, Fulcrum Technologies Inc. has been a world leader in
providing software solutions that turn enterprise information into knowledge.
Headquartered in Ottawa, Canada, Fulcrum extends its global reach with offices
throughout the United States, Europe, and in Australia and Japan, and through
a network of partners worldwide. Fulcrum is publicly traded on the Nasdaq
National Market (``FULCF'') and on the Toronto Stock Exchange (``FUL''). For
more information on Fulcrum and Fulcrum products, visit Fulcrum's Web site:
http://www.fulcrum.com.
Any forward-looking statements in this release are made pursuant to the
safe harbor provisions of the Private Securities Litigation Reform Act of
1995. Investors are cautioned that all forward-looking statements involve
risk and uncertainties, including without limitation, risks relating to low
levels of liquidity and cash flow, risks of intellectual property litigation,
risks in technology development and commercialization, risks in product
development and market acceptance of and demand for the Company's products,
risks of downturns in economic conditions generally, and in the software
application development tools and information retrieval software tools markets
specifically, risks associated with competition and competitive pricing
pressures, risks associated with foreign sales and higher customer
concentration and other risks detailed in the Company's filings with the
Securities and Exchange Commission.
Fulcrum is a registered trademark of Fulcrum Technologies Inc.. Other
trademarks used throughout this document are trademarks of their respective
owners.
SOURCE: Fulcrum Technologies Inc.
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CONTACT: Gillian Brouse, Fulcrum, (613) 238-1761 ext.251, e-mail: pr(at)fulcrum.com, Investors may contact: Andy Wolff, Fulcrum, (613) 238-1761 ext.156, e-mail: andy.wolff(at)fulcrum.com
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