American Sports Machine & SoftQuad Complete Merger
The American Sports Machine (ASM) has relocated to Delaware through a merger with SoftQuad Software. The post-merger company will continue under SoftQuad's name, and its shares of common stock will trade on the OTC Bulletin Board under the ticker symbol SXML.
Pursuant to the merger, each share of stock of ASM was exchanged for one equivalent share of stock of SoftQuad, and each option and warrant of ASM was exchanged for one equivalent option or warrant of SoftQuad, respectively.
SoftQuad Software, through its subsidiary SoftQuad Software Inc., is a leading developer of XML enabling technologies and commerce solutions for e-business. SoftQuad's XMetaL, an easy-to-use, XML content creation solution, is being used as an enabling technology for XML-based content applications in e-publishing, e-commerce and knowledge management. Leveraging its technological and market leadership, SoftQuad is targeting the growing business-to-business (B2B) marketplace with Global OnRamp, a supply-side content solution that allows companies to effectively join and compete in B2B e-markets.
Headquartered in Toronto, Canada, and with European operations based in London, England, SoftQuad is a founding member of, and active participant in, the World Wide Web Consortium (W3C), the Organization for the Advancement of Structured Information Standards (OASIS) and XML.org.
For more information, visit SoftQuad's Web site at http://www.softquad.com.