UNION CAPITAL LIMITED
Heads of Agreement for 50% Invest. in JAB Creative
Document date: Wed 14 Jun 2000 Released time: Wed 14 Jun 2000 09:58:42
Document No: 134997 Document part: A
Market Flag: Y
Classification: Asset Acquisition
UNION CAPITAL LIMITED 2000-06-14 ASX-SIGNAL-G
HOMEX - Brisbane
+++++++++++++++++++++++++
Union Capital Limited ("Union") announces that it's wholly owned
subsidiary, Union Technologies Limited, has entered into a "Heads of
Agreement" to acquire a 50% interest in Brisbane based e-mail
advertising company "JAB Creative.com Pty Ltd" ("JAB") for a cash
injection of $3 million into JAB over a likely 10 month period, plus
the issue of 4 million shares in Union to be issued to JAB's existing
major shareholder.
JAB is a very exciting technology that allows businesses to market to
clients by using graphically sophisticated, highly interactive
e-commerce enabled advertisements via e-mail attachments. The e-mails
can incorporate high impact video-like imagery whilst offering
considerable cost savings in delivery by comparison to traditional
marketing methods. JAB attachments are thereby a very effective tool
in marketing campaigns, with the added ability of tracking the user
response to a campaign and assisting the sender in better targeting
future advertising.
By targeting Internet users, an extremely fast growing market with
higher than average levels of disposable income, clients using JAB
technology can ensure greater returns from advertising campaigns. In
addition, JAB attachments allow the receivers to instantly respond by
simply clicking to request more information, or order products with
integrated e-commerce capability. JAB has proven their capabilities
in this regard to clients such as Telstra, Ansett Australia, Westpac,
Mincom, Compaq and Fairfax on line.
The investment is subject to due diligence by Union's technology team
to be completed within 30 days, and the approval of Union's Board of
Directors within seven days of the completion of the due diligence.
The cash injection will be subject to monthly review in accordance
with JAB's achievement of certain business goals approved in advance
by Union.
The issue of 4 million shares in Union to Jab's major shareholder
will be exchanged for 20% of the issued capital of JAB. As Union
funds each $300,000, its equity in the total shares on issue in JAB
at that time will increase by an additional 3%, until it has funded
the full $3 million, at which time Union will hold 50% in the total
shares on issue in JAB at that time.
Union considers that JAB's unique capabilities in e-commerce
advertising will see it develop into a very successful business.
JAB is already a profitable business and the cash injection by Union
will be used to expand the business into the USA, where JAB is
already involved in advanced negotiations with major potential
clients.
R B Murdoch
MANAGING DIRECTOR
---
JAB hat angeblich eine einmalige Technologie, namhafte Kunden und macht bereits Gewinn!
Bei den Aussis heute wieder +2,5%. Es langsam aber sicher wieder nach oben.
CHECKIT
Heads of Agreement for 50% Invest. in JAB Creative
Document date: Wed 14 Jun 2000 Released time: Wed 14 Jun 2000 09:58:42
Document No: 134997 Document part: A
Market Flag: Y
Classification: Asset Acquisition
UNION CAPITAL LIMITED 2000-06-14 ASX-SIGNAL-G
HOMEX - Brisbane
+++++++++++++++++++++++++
Union Capital Limited ("Union") announces that it's wholly owned
subsidiary, Union Technologies Limited, has entered into a "Heads of
Agreement" to acquire a 50% interest in Brisbane based e-mail
advertising company "JAB Creative.com Pty Ltd" ("JAB") for a cash
injection of $3 million into JAB over a likely 10 month period, plus
the issue of 4 million shares in Union to be issued to JAB's existing
major shareholder.
JAB is a very exciting technology that allows businesses to market to
clients by using graphically sophisticated, highly interactive
e-commerce enabled advertisements via e-mail attachments. The e-mails
can incorporate high impact video-like imagery whilst offering
considerable cost savings in delivery by comparison to traditional
marketing methods. JAB attachments are thereby a very effective tool
in marketing campaigns, with the added ability of tracking the user
response to a campaign and assisting the sender in better targeting
future advertising.
By targeting Internet users, an extremely fast growing market with
higher than average levels of disposable income, clients using JAB
technology can ensure greater returns from advertising campaigns. In
addition, JAB attachments allow the receivers to instantly respond by
simply clicking to request more information, or order products with
integrated e-commerce capability. JAB has proven their capabilities
in this regard to clients such as Telstra, Ansett Australia, Westpac,
Mincom, Compaq and Fairfax on line.
The investment is subject to due diligence by Union's technology team
to be completed within 30 days, and the approval of Union's Board of
Directors within seven days of the completion of the due diligence.
The cash injection will be subject to monthly review in accordance
with JAB's achievement of certain business goals approved in advance
by Union.
The issue of 4 million shares in Union to Jab's major shareholder
will be exchanged for 20% of the issued capital of JAB. As Union
funds each $300,000, its equity in the total shares on issue in JAB
at that time will increase by an additional 3%, until it has funded
the full $3 million, at which time Union will hold 50% in the total
shares on issue in JAB at that time.
Union considers that JAB's unique capabilities in e-commerce
advertising will see it develop into a very successful business.
JAB is already a profitable business and the cash injection by Union
will be used to expand the business into the USA, where JAB is
already involved in advanced negotiations with major potential
clients.
R B Murdoch
MANAGING DIRECTOR
---
JAB hat angeblich eine einmalige Technologie, namhafte Kunden und macht bereits Gewinn!
Bei den Aussis heute wieder +2,5%. Es langsam aber sicher wieder nach oben.
CHECKIT
