Archived News Releases
Oxford Software Developers Inc. is Expanding its Celebrity Tan Division into the European Market
TORONTO, ON. - November 26, 2003 - Oxford Software Developers Inc. (OTC: OXSDF) announced today that it is expanding its Celebrity Tan Inc. products into the European Market. The Company has applied for a European Community Trademark (CTM) covering its UV-free tanning products and booths. The CTM currently covers fifteen (15) European Countries but will expand to twenty-five (25) countries after May 1 2004. This trademark registration covers a ten-year period. In connection with this expansion, the Company has signed a Letter of Intent with Sun O Sun Inc. to become a distributor of the Company's Celebrity Tan product line in the European market.
The Company's Celebrity Tan division continues to grow in Canada. Pamela Craig Monaghan, V.P. of Sales and Marketing, has been successful in acquiring regional distributors in Vancouver, Calgary, Toronto and Halifax.
The Company is also pleased to announce that it has hired Mr. Brian Gold to act as its National Accounts Manager for Ontario Private Water Labeling Ltd. Michael Donaghy, Oxford's President and CEO, said: "Mr. Gold brings a wealth of industry and sales experience to our team and he has been successful in landing several national accounts for our products in his first month of service."
Oxford Software Developers Inc. to Hold Next
Annual General Meeting on November 28, 2003
TORONTO, ON. - October 19, 2003 - Oxford Software Developers Inc. (OTC: OXSDF) announced today that it will hold its Annual General Meeting on Friday, November 28, 2003 at 2:30 p.m. at its corporate head office located at 1315 Lawrence Avenue, Suite 520, Toronto, Ontario, Canada. Matters to be considered at the meeting include a change to the Company's name, the receipt of the Company's financial statements together with the report of the auditors thereon, the election of directors and the re-appointment of auditors, and such other business as is explained in the Company's proxy materials and as may properly come before the meeting or any adjournment thereof.
The Company is pleased to announce that it has hired Pamela Craig-Monaghan as V.P. of Sales and Marketing for its Celebrity Tan Inc. division. This division consists of the sale and distribution of Sunless Tanning Franchises and Sunless Tanning Spray Booths under the Celebrity Tan Inc. Trademark. Ms. Craig-Monaghan will also be responsible for sales and distribution of our Private Label Tanning Products line as well as our Trademarked Celebrity Tan Inc. sunless tanning product line in the retail and wholesale markets. The sunless tanning industry is the fastest growing portion of the lucrative 5.5 billion dollar industry in North America. Ms. Craig-Monaghan comes to us from Jack Craig Agency Sales where she was responsible for nation wide sales and distribution of private label health and beauty aids. Michael Donaghy, Oxford's President and CEO, said: Ms. Craig-Monaghan brings a wealth of knowledge and experience within the tanning industry to our team. She has already exceeded company expectations and has been responsible for the set up and launch of Celebrity Tan spray booths in Illinois, Hawaii and multiple locations in Canada.
Oxford Software Developers Inc. Enters Into Spring Water and Tanning Distribution Arrangements
TORONTO, May 30, 2003 - Oxford Software Developers Inc., a lifestyles consumables company, announced today that it is proceeding with two initiatives to further diversify the company's interests in the lifestyles consumables market. The first initiative is the distribution of private labelled bottled spring water and the second initiative is the distribution of a private line of UV-free tanning products and booths.
Bottled Spring Water Distribution
Oxford has entered into a letter of intent with Andalusian Artesian Springs Ltd, a spring water bottler located in Havelock, Ontario. Pursuant to the terms of the letter of intent, Oxford will acquire the right to distribute bottled spring water from Andalusian, and will also acquire an option to acquire up to 49% of Andalusian common stock. Management of Oxford intends to approach both corporate and retail entities who wish to brand their own bottled water which could be used for promotional or other purposes. In addition Oxford intends to create its own brand of bottled spring water to sell at concerts, sporting events and other venues. Oxford's bottled water business will be operated through its newly formed Ontario subsidiary, Ontario Private Water Labelling Limited.
UV-Free Tanning Products and Booths
Oxford has acquired the rights to be the authorized distributor in Canada for sales of MegaSun spray tanning booths. These stand-up tanning booths spray a mist of sunless tanning solution on the customer, delivering a uniform natural looking tan to the customer's entire body. Oxford intends to market these booths using a franchising model under the Celebrity Tan brand. Oxford will also market these spray booths to existing spa, aesthetics and fitness facilities, both on an outright purchase basis and as a corporate-owned installation on a fee-for-usage basis. In addition to the booths, Oxford intends on marketing its own private line of UV-free tanning products, making the bottled tanning lotion available through the franchises and through its web-site. Oxford's UV-Free Tanning Products business will be operated through its newly formed Ontario subsidiary, Celebrity Tan Inc.
Michael Donaghy, Oxford's President and CEO, said: "These two initiatives will form an important part of our overall diversification strategy. We see the lifestyle consumables markets as being highly complementary to our current operations. Our relationships with Andalusian and the launch of our Celebrity Tanning are both solid steps in this direction".
Oxford Software Developers Inc.
Completes its Operational Review
TORONTO, May 14, 2003 - Oxford Software Developers Inc. announced today that it has completed its review of operations and business plans for the next twelve months.
Based on the results of the completed review, Oxford intends to reposition its activities and refocus its participation in, and delivery of, software solutions to the market. According to Oxford's President and CEO, Michael Donaghy: "As a result of persistent uncertainty in various jurisdictions worldwide, particularly in the United States, we felt that it was beneficial for us to closely review our strategic planning as we move forward. From this review we have concluded that a reorientation of our direction is appropriate at this time."
Accordingly, the Company intends to unfold a diversification strategy in the near future that will see it become involved in complementary markets. "We believe that current market conditions are favourable to diversification", said Mr. Donaghy. "Consumer confidence is solid and economic indicators suggest to us that activity in lifestyle consumables markets complementary to our current operations will be strong for the balance of this year and well into next year." Consequently, the Company intends to extend its operations into vertical markets that align with its current activities, with the goal of expanding its revenue opportunities.
Mr. Donaghy again expressed his appreciation for the support demonstrated by shareholders of the Company. "Given recent events in global events that have impacted on that market, including increased concerns with terrorist activities and money laundering, this has been a challenging year for businesses like ours. However, our strong shareholder support, coupled with our ability to respond quickly and effectively to market conditions, justifies our commitment to the new direction that we have identified."
Oxford Software and 2002
TORONTO, December 31, 2002- Oxford Software is pleased to announce that 2002 has proven to be the most productive and revenue rich year since the Company's inception.
Over the past year Oxford Software has reached significant milestones. The Company has satisfied all the demands of the Securities and Exchange Commission and has completed its filing in order to become a reporting issuer on the OTC BB in the United States. Oxford's application has been approved by the SEC and the Company expects to be trading within the first quarter of 2003 under the trading symbol OXSDF.
"2002 has been a monumental year for Oxford," comments Mr. Donaghy, the Company's President. "With our U.S. listing and trading imminent, we anticipate a blockbuster year for 2003."
Early in the year, Oxford's management moved its corporate headquarters to a central Toronto location while at the same time consolidating its ancillary locations into one central corporate office. In doing this, all of Oxford's external and internal operations are both conducted and monitored under one roof, thus drastically cutting operating costs and adding to the Company's bottom line.
Around the same time, the Company launched it's website, www.oxsof.com. This site provides investors, affiliates, and potential customers alike with all information pertaining to the Company and its operations. Oxford has received so much interest from the investment community that the management has had to drive this traffic to a site that can facilitate the dissemination of information both effectively and accurately.
Early in the third quarter of 2002, Oxford transferred all of its merchant account processing, credit card clearing and customer service to IEE Ltd. This has significantly reduced Oxford's overhead as well, by virtually eliminating all charge backs. Since this transfer, Oxford's preliminary revenue reports, as well as credit card capture rates, have seen a significant increase from the same time last year. The Company expects this to continue throughout 2003.
"This has been a great year for Oxford, and I would like to express my gratitude to the Company, shareholders, and clients for their continued patience and support," comments Mr. Donaghy. "We are looking forward to the best year for the Company and its partners, as we have spent the last year positioning the Company in such a way as to capitalize on the market."
Yours truly,
Mr. Michael Donaghy
President and CEO
Oxford Software Developers Inc.
Oxford Software Developers Inc. Holds Annual General Meeting
TORONTO, October 16, 2002- Oxford Software Developers Inc. is pleased to announce that it held it's Annual General Meeting Friday September 27, 2002, at the Company's head office located at 1315 Lawrence Avenue East, Toronto, Canada.
Eighty-four percent of the Company's shareholders were present either in person or by proxy and the Company passed all of the corporate resolutions put forth.
The Company reappointed to the Board both Michael Donaghy and Victor DeLaet and added Praful Parikh
As of the date of the Annual General Meeting the Company has fully issued and outstanding 19,753,100 shares.
For further information please contact Mr. Donaghy at (416) 510-8351.
Oxford Software Developers Inc. Continues Negotiations On Proposed Acquisition
TORONTO, August 27, 2002- Oxford Software Developers Inc. announce today that it has extended the Letter of Intend with Internet Empire Entertainment Inc., dated July 11, 2002, until September 30, 2002. With the exception of this extension the terms of the deal will remain as set out in the original agreement. Oxford Software will use this extension to continue due diligence in order to ensure its respective shareholders the best possible opportunity.
Under the terms of the agreement Oxford Software will acquire all of the assets of Internet Empire Entertainment Ltd. for 2,000,000 shares of Oxford Software common stock. In addition, Oxford Software will acquire 22.5% of the issued and outstanding shares of Cybertronix, a privately held Quebec Corporation, for USD $1,500,000.
About Internet Empire Entertainment Inc.
Internet Empire is a private corporation organized under the laws of Antigua, which provides backend support and processing and customer servicing. Cybertronix is a private corporation organized under the laws of Quebec and has designed an electronic kiosk game that simulates over 20 casino style games that can be seen at www.cybertonix.org. Cybertronix has a subsidiary in Brazil called LotoBras S.A. that owns Kiosks gaming licenses in three states and has letters of intent with various bingo hall establishments to operate electronic kiosk games of chance.
Oxford Software Developers Inc. Receives Trading Symbol
TORONTO, August 21, 2002- Oxford Software Developers Inc. is pleased to announce that the Company has received its official trading symbol "OXSDF.PK" effective immediately. The National Association of Securities Dealers (NASD) has attached an "F" to the end of the trading symbol to indicate the Company is a foreign issuer (Canadian) trading on a U.S. exchange.
In addition to the suffix "F", the NASD has attached "PK" to the trading symbol as a temporary indication of the Company's securities being traded on the NASDAQ pink sheet market. The Company has completed and filed with the NASD the necessary documentation to be moved to the NASDAQ Over-The-Counter (OTC-BB) market.
"We are very confident that within a very short period of time we will be moved to the OTC-BB for trading", comments Mr. Donaghy, the Company's president. " This is what we have been striving for over the past fiscal year. We are now in a position to expand the Company's horizons and thus increase shareholder value", comments Mr. Donaghy.
For further information feel free to contact Mr. Donaghy at (416) 510-8351.
July 11, 2002, Toronto, Ontario - Oxford Software Developers Inc. announced today that it has entered into a letter of intent to acquire all of the assets of Internet Empire Entertainment Ltd. for 2,000,000 shares of Oxford Software common stock and 22.5% of the issued and outstanding shares of a private Quebec corporation Cybertronix for $1,500,000 USD. Internet Empire is a private corporation organized under the laws of Antigua, that owns and operates various Internet websites; it also provides backend support and processing and customer servicing. Cybertronix is a private corporation organized under the laws of Quebec and has designed electronic kiosk games that simulate over 20 casino style games that can be seen at www.cybertonix.org. Cybertronix has a subsidiary in Brazil called LotoBras S.A. that owns kiosk gaming licenses in three states and has letters of intent with various bingo hall establishments to operate electronic kiosk games of chance.
The letter of intent, which is not intended to constitute a binding offer or agreement, is subject to a number of conditions, including mutual satisfactory due diligence review, preparation of definitive agreements, approval of the boards of directors of all parties, and Oxford Software obtaining satisfactory financing. The letter of intent provides for a closing on or before July 31, 2002, at which time Oxford Software will pay Cybertronix $750,000 USD for 10% of the Cybertronix shares and will issue 2,000,000 of its shares to Internet Empire for all of its assets, and another closing on or before September 15, 2002, at which time Oxford Software will pay Cybertronix the balance of $750,000 USD for 12.5% of its shares. The letter of intent also provides for Oxford Software's nominating one person for election as a director of Cybertronix and Cybertronix's nominating one person for election as a director of Oxford Software.
Oxford Software plans to provide all the sales support for the combined Oxford Software and Internet Empire businesses while utilizing the assets of Internet Empire to provide all the backend end support, processing and customer servicing. Oxford Software also plans to provide Cybertronix with lottery software for its kiosks and to promote the deployment of its kiosks in Mexico with complete casino and lottery software.
Michael Donaghy, President of Oxford Software, noted that the related acquisitions are in furtherance of the Company's objective to expand its online business, by increasing its ability to provide enhanced backend support and servicing for customers, through the acquisition of the assets of Internet Empire. Oxford Software will also be diversifying the nature of its business into land-based kiosks, through its acquisition of a 22.5% interest in Cybertronix. He stated: "The proposed transactions give Oxford Software and its shareholders a very exciting opportunity to expand the business by becoming involved with companies whose experienced and capable managements will no doubt make significant contributions to OSD's growth in the future." He also stated that Oxford Software's proposed purchase of the Cybertronix shares is conditional upon its obtaining satisfactory financing and that it plans to use US $1,500,000 of the proceeds for its ongoing self-underwritten "best efforts" public offering, if such funds are available.
TORONTO, July 10, 2002- Oxford Software Developers Inc. is pleased to provide its shareholders with a recap on the Company's operations to date.
Oxford Software has recently moved its corporate headquarters to a more central and accessible location in Toronto, Canada. At 1315 Lawrence Avenue East, the Company is only 20 minutes from Pearson International Airport!
In addition, the Company has also consolidated its Calgary and Oshawa offices in the new Toronto headquarters. Having all employees at one location will allow the Company to make almost instant changes to both marketing and technical programming.
Oxford Software has launched a website www.OXSOF.com. This site will provide investors, affiliates, and potential customers alike with any and all information pertaining to the Company and its operations. The management of Oxford is excited about the prospect of the Company's shares trading on the NASDAQ administered Bulletin Board (OXSDF). The Company has received an extraordinary amount of interest from the industry as well as the investment community, leading management to drive this traffic to a site that can effectively and accurately facilitate the dissemination of timely information.
In addition to the Company's current operations, the management of Oxford Software will continue to develop over the ensuing year its proprietary software.
Once again we thank you for your continued support and we are looking forward to great things.
Yours truly,
Michael Donaghy Oxford Software Developers Inc., President & CEO
TORONTO, July 05, 2002- Oxford Software Developers Inc. is pleased to announce the official launch of it's website www.OXSOF.com. This site will provide investors, affiliates, and potential customers alike with any and all information pertaining to the Company and its operations. The management of Oxford Software Developers has chosen www.OXSOF.com as its URL, and the Company's common shares will trade on the over-the-counter Bulletin Board (OTC BB: OXSOF), the U.S stock exchange on which the Company's common securities trade.
"This site will provide all those interested in our company with all the pertinent information regarding Oxford Software Developers and its operations. We have received so much interest in the Company from both the industry and the investment community that we have had to drive this traffic to a site that can facilitate the dissemination of information both effectively and accurately, hence we have developed www.OXSOF.com. We truly feel this is a testament to our company and its success," comments Mr. Donaghy.
Once again we thank you for your continued support.
Yours truly,
Michael Donaghy Oxford Software Developers Inc., President & CEO
TORONTO, June 27, 2002- Oxford Software Developers Inc. is pleased to provide you with a corporate update on the Company's current operations and reporting issuer status.
Pertaining to Oxford Software's necessary filings in order to become a U.S. reporting issuer, and more specifically in connection to its registration statement pursuant to the Securities Act of 1933 contained in the Company's Form -1. As of June 19, 2002, this document has been filed and subsequently accepted by the Securities and Exchange Commission (SEC). This gives Oxford Software clearance under the Securities Act to trade its common shares on the Over-The-Counter Bulletin Board (OTC BB) effective immediately.
Oxford Software has recently confirmed West America Securities Corporation as the Company's exchange sponsor and Market Maker. This firm has filed Oxford Software's Form-211 with the National Association of Securities Dealers (NASD). This document has been filed with the NASD in order to obtain authority to enter quotations for Oxford Software's common shares on the Over-The-Counter Bulletin Board (OTC BB).
Oxford Software has recently submitted a request with the NASD to reserve the Company's trading symbol "OXSD". Once granted the NASD will add an "F" to the end of the symbol to indicate Oxford Software's foreign issuer status, thus the trading symbol will be "OXSDF".
We thank you for your continued support and we look forward to a very exciting and prosperous 2002.
Yours truly,
Michael Donaghy Oxford Software Developers Inc., President & CEO
Toronto, February 20, 2002 - Oxford Software Developers Inc. is pleased to provide you with a corporate update on the Company's current operations and reporting issuer status.
The Company announced today that it proposes to make a public offering of up to 2 million of its common shares in the United States, for cash and in exchange for indebtedness. Oxford also announced that the proposed offering documents are being prepared by its securities counsel, Thomas M. Sheppard in Canada and Troutman Sanders Mays & Valentine LLP in the United States, and by its independent public accountants, Williams & Webster, PS. Shares of the Company's common stock were registered in 2001 with the Securities and Exchange Commission under the Securities Exchange Act of 1934 and Oxford is subject to the annual and periodic reporting requirements of that Act, as a so-called "foreign private issuer."
Oxford contemplates that the proposed public offering, which is expected to be filed with the SEC in the next several weeks, will be self-underwritten by its officers and directors, none of whom will receive any compensation for doing so, but possibly with the limited assistance of a broker-dealer, registered with the SEC in the United States, to execute orders. Oxford has engaged in preliminary negotiations with such a broker-dealer, but has not entered into any agreement or understanding for such assistance.
Oxford also has engaged in discussions with a broker-dealer to seek authority from the National Association of Securities Dealers, Inc. to enter quotations for the Company's common shares on the Over-the-Counter Bulletin Board in order to establish a trading market for its shares and thereby provide liquidity to its shareholders. Such discussions have not resulted in any agreement or other arrangement and it has not yet been determined whether authority will be sought from the NASD before or in connection with the proposed public offering. Whenever such authority is sought from the NASD, Oxford anticipates requesting "OXSD" as a trading symbol. The NASD affixes an "F" to the trading symbol of a foreign private issuer such as Oxford, so the trading symbol would be "OXSDF," which Oxford considers most appropriate.
Holladay Stock Transfer Inc., the Company's transfer agent, has advised the Company that it expects to deliver to the Company certificates evidencing the Company's issued and outstanding common shares before the end of the month, for distribution to the shareholders of record.
Michael Donaghy, President and Chief Executive Officer of Oxford, expressed his gratitude to shareholders for their patience and continued support stating, "With the proposed public offering in the United States and the continued growth and development of the Company's business, we are looking forward to a very exciting and prosperous 2002."
FORWARD LOOKING STATEMENTS DISCLAIMER:
Statements in this press release, which are not historical are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from those anticipated in such statements. Investors are cautioned that all forward-looking statements involve risks and uncertainties including, without limitation, risks associated with the Company's financial condition and prospects, legal risks and risks of governmental legislation and regulation, risks associated with market acceptance and technological changes, risks associated with dependence on sub-licensees and key licensees, risks relating to international operations, risks associated with competition and other risks detailed in the Company's filings with securities regulatory authorities. These risks may cause results to differ materially from those projected in the forward-looking statements.
This release does not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be a sale of any securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification of such securities under the laws of any such jurisdiction. This press release was accurate at the time it was issued but may not reflect the company's current strategy or product offerings
