Non-Tech | BASIS100 BAS-TSE


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To: Jamie who wrote (67)3/28/2001 2:59:13 PM
From: Tom   of 104
 
It's been just over a year since anyone posted on this thread re BAS. Thought you might be interested in this response from BAS Investor Relations to my general question about the market for BAS products. It's nice to dream and there is truly some substance to what's happening here to base those dreams on. They have been very responsive. The response:

With our BasisXpress product we will typically be able to charge upfront professional services fees for implementation/customization that will amount to $50-$100k for small lenders and $1-2 million for large lenders. Then we will typically charge 4-6 basis points on the value of funded transactions that run over the system ($40-$80 per $100,000 principal value). The other revenue model could be that the larger lenders may choose to just license the technology outright (ie. one time license fee - $ amount to be determined ($2-10 million??) and implement it in their own data centres (not have us provide it to them on an ASP basis). There were approximately $80B in mortgages funded in Canada last year. If we got 100% of the mortgages running over our technology at 4-8 bp, this would represent a $32-64 million revenue opportunity. If you add in all the ancillary services we provide around the core BasisXpress, you could double this opportunity. If you look at the US market, the opportunity is 10-15x the Canadian opportunity, as is the European opportunity. Our annual report which is coming out in 2-3 weeks will help define the market opportunity as well. Hope this helps.

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To: Tom who wrote (68)4/19/2001 6:40:09 PM
From: Kevin G. O'Neill   of 104
 
General reminder (not to you Tom since I know you know): A reasonably active thread for Basis100 is here: stockhouse.com 

Recent press releases can be found here: biz.yahoo.com 

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To: Kevin G. O'Neill who wrote (69)4/24/2001 1:11:53 PM
From: Kevin G. O'Neill   of 104
 
Conference Call on April 26, 2001 and Attend Our Annual General Meeting on May 3, 2001


Toronto, ON, April 20, 2001 - Gary Bartholomew, Chairman and CEO and David Campbell, CFO, of Basis100 Inc. will hold an open conference call to review the Company's Fiscal 2001, First Quarter Financial Results on Thursday, April 26, 2001 at 11:00 a.m. (EST) via telephone and broadcast over the Web. In addition, investors, analysts and media are invited to attend our Annual General Meeting which will be held on Thursday, May 3, 2001 at 10:00am at the Design Exchange, 234 Bay Street, Toronto, Ontario.

CONFERENCE CALL DETAILS

The 2001 First Quarter Results will be released to market and available on the Basis100 Web site at www.basis100.com prior to market open on Thursday, April 26, 2001. The conference call will be held at 11:00 a.m. that day.

Dial In Participation

The dial-in number to participate in the teleconference is 1-888-433-1680.

Audio Web Cast

All interested parties can access the conference call (listen-only mode) over the Web by connecting through Basis100's Web site at www.basis100.com and clicking on "Investors/Financial Reporting" to access the link. You will need Windows Media Player to listen to the Web broadcast. Please visit the Basis100 Web site in advance of April 26 to download a free copy of Windows Media Player.

Postview

Postview will be available until 11:59 p.m. (EST) May 3, 2001 by dialing 1-800-558-5253. Please enter the reservation number 18643074# or by visiting the corporate website at www.basis100.com and clicking on "Investors/Financial Reporting" .

ANNUAL GENERAL MEETING DETAILS

Investors, analysts and media are invited to attend the Basis100 Annual General Meeting on May 3, 2001 at 10:00 a.m. at the Design Exchange, 234 Bay Street, Toronto, Ontario. If you require additional information, please contact Antoinette Perta at 416-364-6085 x140 or via e-mail aperta@basis100.com.

Removal from/Addition to Fax/Email Distribution List

If you would like to be removed from or if you know someone who would like to be added to Basis100's fax/email distribution list, please call (416) 364-6085 x507.

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To: Kevin G. O'Neill who wrote (70)5/9/2001 7:34:47 PM
From: Kevin G. O'Neill   of 104
 
Time to watch this one again...



Wednesday May 9, 5:33 pm Eastern Time

Press Release

SOURCE: CNW Earnings; Basis100 Inc.

Basis100 Inc. - Annual General Meeting - Online Archived
Event - May 10, 2001

TORONTO, May 9 /CNW/ - Notification of online archived event:


Basis100 Inc. - Annual General Meeting (BAS(TSE))

Archived Event

May 10, 2001, 10:00 AM EST (ET)


To view this event, please enter newswire.ca  or can.basis100.com  in your web browser.

For a listing of current and archived Internet-hosted earnings conference calls, click on the Canadian Earnings icon on the CNW Web site at www.newswire.ca. The CNW Earnings Call Notification Network is consistent with Toronto Stock Exchange (TSE) initiatives to broaden investor access through the use of new technology.

For further information

David Campbell, Chief Financial Officer and Investor Relations, (416) 364-6085 ext.104, dcampbell@basis100.com
Archived images on this organization are available through CNW E-Pix at www.newswire.ca. Images are free to members of The Canadian Press.

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To: Kevin G. O'Neill who wrote (71)6/8/2001 11:25:52 AM
From: Tom   of 104
 
MORE REAL NEWS

Friday June 8, 7:00 am Eastern Time
Press Release
SOURCE: Basis100 Inc.

Basis100 Signs Royal Bank as user of Mortgage Technology
Multi-year Contract provides Technology to Power Mortgage Sales Force
TORONTO, June 8 /CNW/ - Basis100 Inc. (BAS:TSE), a leading e-commerce technology solutions provider for the financial services industry, announced today that it has signed a multi-year contract with Royal Bank of Canada for the use of Basis100's HomeBASE mortgage technology. This technology will be used by Royal Bank's over 450-strong residential mortgage sales force, allowing them to submit applications electronically to a central processing center.
"With Royal Bank on board, Basis100 is now the only mortgage technology company to have a relationship with every major Canadian lender," said Gary Bartholomew CEO Basis100, "Royal Bank's selection of Basis100 for its front- line mortgage technology is an endorsement of our ability to offer an industry- class mortgage solution, relied on by some of the largest financial institutions in the world."

HomeBASE will be used by Royal Bank's mobile mortgage sales force to receive applications from clients and they will be the first financial institution to implement HomeBASE. With HomeBASE, lenders are able to submit applications to mortgage insurers, such as CMHC or GE Mortgage Insurance Corporation, and quickly qualify clients. HomeBASE sales tools and calculators also enable more personalized service for homebuyers.

"We have the best mobile mortgage sales force in the country who will now be supported by the best technology," says Scott Brown, Royal Bank Vice President of Mortgages. "This will only serve to increase the current high level of service our clients are telling us they are receiving from our specialists."

"Once we complete the customization and rollout of HomeBASE for Royal Bank," says Bartholomew, "we will be presenting our BasisXpress Solution which we believe will further enhance cost reductions and efficiencies in the overall mortgage process."

Consistent with Basis100's 2 Minute Mortgage vision, this multi-channel mortgage solution facilitates both capturing the mortgage application and processing the mortgage to the point of funding, making Basis100's technology the only Canadian solution that can process a mortgage from start to finish.

Both parties agreed not to disclose the details of the contract.

About Basis100

Basis100 is a leading e-commerce technology solution provider for financial institutions and service providers enabling them to build, distribute, buy and sell their products and services in new ways. Basis100 is focused on the mortgage origination, consumer credit, fixed income trading, and service vendor markets across North America. For more information about Basis100, visit www.basis100.com.

About Royal Bank of Canada

Royal Bank of Canada (TSE: RY, NYSE: RY) is a diversified financial services company. It provides personal and commercial banking, wealth management services, insurance, corporate and investment banking, and transaction processing on a global basis. The company employs more than 54,000 people who serve 10 million personal, business and public sector customers in North America and in some 30 countries around the world. For more information, please visit www.royalbank.com

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To: Tom who wrote (72)6/13/2001 11:22:43 AM
From: Tom   of 104
 
AND MORE
Basis 100 Inc. Wednesday June 13, 9:28 am Eastern Time
Press Release

SOURCE: Basis100 Inc.

Basis100 Signs 78 New Solimar Technology
Customers Raising Total Customers to 950

- Strong sales in May see new lenders in 41 states adopting Solimar Technology for automated property valuations -

IRVINE, CA, June 13 /CNW/ - Basis100 Inc. (BAS:TSE), a leading e-commerce technology solutions provider for the financial services industry, announced today that the U.S. division has signed 78 new lending customers in May, boosting total customers to 950. These customers have adopted the Solimar Technology property valuations in residential mortgage origination. Basis100's AVM
technology is currently in use with eight of the top ten equity lenders in the U.S.

Basis100's new customers, who include lenders in 41 states from Florida to Washington, will use Solimar Technology for appraisal reviews during the mortgage origination process. The company continues to offer its automated valuations to value individual properties as well as entire property
portfolios. Each property valuation generated by the system is conducted via the Internet in less than 5 seconds.

Basis100 attributes this rapid growth to several factors including increased knowledge of capabilities of AVMs in general; dropping interest rates that have increased refinancing and equity loan volumes; and a newly restructured sales process, which supports a more targeted approach to selling the Solimar Technology.

"There are many applications for our technology. Educating our customers and potential customers about AVMs in lieu of appraisals is one strategy that we are aggressively pursuing. Internal applications, such as appraisal audits, can save valuable resources in both time and money, improving the bottom-line for our customers" said Basis100, Chairman and CEO, Gary Bartholomew. "70% of Basis100 revenues are generated from our U.S. operations, so the continued adoption of the technology and success of the sales efforts means sustained revenue growth for the company."

Many of the new lending customers will fully integrate the Solimar Technology interface into their loan origination system so that extraneous data entry is eliminated, facilitating the quick delivery of loan approvals processed through the system.

"Consistent with our corporate vision, Basis100 delivers solutions to our customers specific needs - the overwhelming success of our U.S. property valuation sales efforts indicate that lenders in the United States are turning to Basis100 technology for automation in mortgage processing," said Bartholomew. "This means a quicker turn-around time and potentially higher profits on mortgage
origination for our lending customers on both sides of the border."

Basis100 acquired Solimar Technology with the purchase of California- based Solimar.Net in February 2000, providing the foundation for its U.S. division. Basis100 now directs its Solimar Technology sales and operations from its U.S. headquarters in Irvine, California.

About Basis100

Basis100 (BAS:TSE) is a leading e-commerce technology solution provider for financial institutions and service providers enabling them to build, distribute, buy and sell their products and services in innovative new ways. Basis100 is focused on the mortgage origination, consumer credit, fixed income trading, and automated property valuation markets across North America. For more information
about Basis100, visit www.Basis100.com.

Forward-looking (safe harbor) statement Statements made in this news release that relate to future plans, events or performances are forward- looking statements. Any statement containing words such as "believes", "plans", "expects" or "intends" and other statements which are not historical facts contained in this release are forward-looking, and these statements involve risks and uncertainties
and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in these forward-looking statements.

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To: Tom who wrote (73)6/15/2001 2:49:51 PM
From: Kevin G. O'Neill   of 104
 
Best Performance Recognition...


Thursday June 14, 4:39 pm Eastern Time

Press Release

SOURCE: Basis100 Inc.

Basis100 Recognized by CB Tech100 as One
of Canada's Best Performing Public
Technology Companies

Andersen and Canadian Business magazine slate Basis100 8th for
revenue growth and 6th for R&D

TORONTO, June 14 /CNW/ - Basis100 Inc. (TSE:BAS - news), an
e-commerce technology solutions provider for the financial services
industry, has been recognized by the CB Tech100 as one of Canada's
largest and best performing public technology companies. The CB
Tech100 is compiled annually by Andersen and Canadian Business
magazine, using publicly available information. Basis100 ranked 6th for
growth in research and development (R&D) spending, increasing by 277
percent, and ranked 8th for revenue growth, with a 552 percent increase
over last year's numbers.

"Basis100 impressed us with robust revenue growth based on a scalable
revenue model," said John Ruffolo, Partner in charge of Andersen's
Technology, Media and Communications Industry Practice. "Basis100 has
uniquely demonstrated that a profitable ASP revenue model can be
successfully executed in a technology company."

Based on data compiled by Andersen of Toronto, the CB Tech100 ranks
companies by revenue in their most recently reported fiscal year. The
companies are recognized for growth overall, market cap, revenue,
profitability, R&D spending and employee productivity, which collectively
totaled CDN $124 billion, an increase of more than 33 percent over the
previous year, signifying Canada's technology market is moving ahead
steadily.

Gary Bartholomew, Chairman and CEO, was joined by Jeff Patterson, VP
and General Manager of Basis100 to accept the award on behalf of the
company. "We are honored to be recognized by Andersen and Canadian
Business magazine with this award," said Bartholomew. "We have worked
hard to bring a comprehensive end-to-end solution to the mortgage
industry, evidenced by our R&D investment. The mortgage industry is
adopting our products confidently. As a result, Basis100 is well positioned
for continued growth, as demonstrated for six consecutive quarters."

About Basis100

Basis100 is a leading e-commerce technology solution provider for financial institutions and service
providers enabling them to build, distribute, buy and sell their products and services in new ways.
Basis100 is focused on the mortgage origination, consumer credit, fixed income trading, and service
vendor markets across North America. For more information about Basis100, visit
www.basis100.com.

Forward-looking (safe harbor) statement

Statements made in this news release that relate to future plans, events or performances are
forward-looking statements. Any statement containing words such as "believes", "plans", "expects"
or "intends" and other statements which are not historical facts contained in this release are
forward-looking, and these statements involve risks and uncertainties and are based on current
expectations. Consequently, actual results could differ materially from the expectations expressed in
these forward-looking statements.


/NOTE TO PHOTO EDITORS: A photo accompanying this release is available
on the Canadian Press Photo Network/

Email this story - Most-emailed articles - Most-viewed articles

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To: Kevin G. O'Neill who wrote (74)6/15/2001 3:38:40 PM
From: Tom   of 104
 
Nice to see an occasional increase in the price on good news!

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To: Tom who wrote (75)6/26/2001 12:33:28 PM
From: Tom   of 104
 
MORE NEWS

Tuesday June 26, 8:40 am Eastern Time
Press Release
SOURCE: Basis100 Inc.

Bridgewater Financial Services Ltd. Goes Live with Basis100's New Mortgage Platform, BasisXpress
Mortgage Brokers will benefit from fast accurate mortgage processing
TORONTO and CALGARY, June 26 /CNW/ - Basis100 Inc. (TSE: BAS - news), a leading e-commerce technology solutions provider for the financial services industry, today announced that Calgary-based Bridgewater Financial Services Ltd. has become the first financial institution to go live with Basis100's new BasisXpress as its mortgage origination and processing platform. This will allow consumers to get a fast approval for their mortgages when dealing with a mortgage broker.
"Our clients are mortgage brokers who require a fast turnaround time for their clients. BasisXpress allows us to service our customers faster and accept mortgage applications from a number of channels," said James Clayton, Vice President and General Manager of Bridgewater Financial Services Ltd. "BasisXpress is the most comprehensive loan origination solution that we have encountered in the market to date. We expect to be able to process more loans, more efficiently than ever before"

BasisXpress can operate as a stand-alone mortgage processing platform or it can be easily integrated into an existing system to make the mortgage process more efficient and less labour-intensive. For a standard mortgage application, the whole process takes just minutes - not including the confirmation of documentation such as salary review, property appraisal or employment history.

"Bridgewater is the first to go live with BasisXpress making our vision of providing an industry class solution a reality," said Basis100 CEO and Chairman Gary Bartholomew. "For the first time, consumers, mortgage brokers and the lender are connected seamlessly making the mortgage process fast and easy. We are in discussion with other lenders planning to implement BasisXpress as their mortgage processing system and as a result, consumers will see a more streamlined process across the industry as a whole."

Basis100 earns transaction fees from Lenders using the BasisXpress application. For each mortgage or loan funded or transacted through the application the lender pays Basis100 a fee. Basis100 also earns transaction fees from its other products such as MortgageBASE, HomeBASE, and ConsumerBASE. These front-end applications connect electronically to BasisXpress, enabling Basis100 to earn fees throughout the full mortgage process.

About BasisXpress

BasisXpress is Basis100's mortgage operating system built on POWERBASE(TM). It specifically caters to the business policies and processes of the mortgage industry. It integrates corporate lending policy into workflow, data processing and document management. As a result, financial institutions are able to distribute their diverse mortgage products and services to brokers and consumers for the purpose of quickly completing mortgage transactions. As well as eliminating unnecessary and labour-intensive processes, BasisXpress also prioritizes tasks, alerting users of high priority obligations.

About Bridgewater Financial Services Ltd.

Bridgewater Financial Services Ltd. is a mortgage banking company that works exclusively with the mortgage brokerage community to provide mortgages to the public throughout Canada.

About Basis100

Basis100 is a leading e-commerce technology solution provider for financial institutions and service providers enabling them to build, distribute, buy and sell their products and services in new ways. Basis100 is focused on the mortgage origination, consumer credit, fixed income trading, and service vendor markets across North America. For more information about Basis100, visit www.basis100.com.

Forward-looking (safe harbour) statement

Statements made in this news release that relate to future plans, events or performances are forward-looking statements. Any statement containing words such as "believes", "plans", "expects" or "intends" and other statements which are not historical facts contained in this release are forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in these forward-looking statements.

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To: Tom who wrote (76)6/27/2001 3:11:29 PM
From: Tom   of 104
 
MORE, MORE NEWS:

News from PR Newswire
Major Investment Dealers agree to launch First Multi-Dealer electronic trading system in Canada
PR Newswire - Wednesday June 27, 2001
CanDeal will launch real-time best-price system for Canadian bond and

money markets

TORONTO, June 27 /PRNewswire/ - Canada's leading investment dealers announced today the agreement to create CanDeal, a joint venture of investment dealers and technology partners to provide electronic trading services for Canadian bond and money market products. Upon receipt of required regulatory approvals, CanDeal will launch Government of Canada Treasury bill and bond trading, anticipated in Q4, 2001. CanDeal's founding shareholders are BMO Nesbitt Burns, Basis100 Inc., CIBC World Markets Inc., MoneyLine Network Inc., National Bank Financial Inc., RBC Dominion Securities Inc., Scotia Capital Inc. and TD Securities Inc.

"CanDeal's electronic trading system will provide institutions with a real-time consolidated price feed that displays the best bid and offer, price and yield, from all participating dealers for each security. Clients will be able to simultaneously request trades with multiple dealers," said Jayson Horner, President and CEO of CanDeal. "In a market where prices and terms change frequently, CanDeal's solution presents significant benefits in terms of price discovery, timely trade execution, cost savings, and reduced administration."

Basis100's proprietary BasisXchange technology powers the CanDeal Trading System. BasisXchange is an industry-class, Internet-driven Java solution that transparently links participating investment dealers with institutional clients. CanDeal clients will be able to monitor live best-price markets, submit trade requests to multiple dealers, and execute trades by selecting the most favourable dealer response. "Technology is dramatically changing how markets are accessed and transactions are done," said Gary Bartholomew, Chairman and CEO of Basis100, "CanDeal shareholders have made a significant commitment that benefits the participants in the Canadian market."

Mr. Horner pointed out that Institutional investors will be offered the opportunity to discover the best possible price and execute at that level in a timely and efficient manner. "The current process of best-price discovery can take a minimum of 3 to 5 phone calls and up to several minutes," he said. "With CanDeal, clients will be able to complete a deal in seconds and be assured they received the best price possible from the investment dealer of their choice. CanDeal will dramatically increase efficiency and accuracy in the Canadian fixed income markets."

CanDeal's efforts to deliver a total solution include a strategic alliance with MoneyLine Network Inc. MoneyLine Network Inc. is a leading provider of hosted electronic commerce applications and financial content. It is providing market data, advisory services and sales and marketing support to CanDeal.

CanDeal will be an open marketplace for Canadian investment dealers and clients. Plans to expand CanDeal's product offerings will be announced in 2002.

About CanDeal

CanDeal is located in Toronto. Its mandate is to provide increased efficiency and transparency within the Canadian fixed income markets. Shareholders are BMO Nesbitt Burns, Basis100 Inc., CIBC World Markets Inc., MoneyLine Network Inc., National Bank Financial Inc., RBC Dominion Securities Inc., Scotia Capital Inc. and TD Securities Inc.

Forward-looking (safe harbour) statement

Statements made in this news release that relate to future plans, events or performances are forward-looking statements. Any statement containing words such as "believes", "plans", "expects" or "intends" and other statements which are not historical facts contained in this release are forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in these forward-looking statements.

SOURCE Basis100 Inc.

/CONTACT: Diana Robinson, Media Relations for CanDeal, T - (416) 368-8998, drobinson@opsis.ca/

(BAS.)

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