(TSX: NTI; OTCBB: NTLNF)
TORONTO, Nov. 13 /CNW/ - Northcore Technologies Inc. (TSX: NTI; OTCBB:
NTLNF), a global provider of core asset solutions, announced today that it has
signed a new service agreement with the Brick, one of Canada's largest volume
retailers of household furniture, mattresses, appliances and home electronics.
Northcore will provide application and infrastructure support services
for the Brick's online retail presence, www.thebrick.com, ensuring that
customers are able to conduct secure, web-based shopping transactions
regardless of location.
"This new agreement builds on the five-year relationship that we have
developed with the Brick," said Duncan Copeland, CEO of Northcore Technologies
Inc. "We are fully committed to supporting the company, particularly as it
expands its online sales activities."
Northcore also announced that the Newfoundland and Labrador Housing
Corporation (NLHC) has recently extended the terms of an existing service
agreement. The NLHC will use Northcore's technology and services to manage its
About Northcore Technologies Inc.
Northcore Technologies provides core asset solutions that help
organizations source, manage and sell their capital equipment. Northcore works
with a growing number of customers and partners in a variety of sectors
including oil and gas, government, and financial services. Current customers
include GE Commercial Finance, Paramount Resources and Trilogy Energy Trust.
Northcore owns a 50 percent interest in GE Asset Manager, a joint
business venture with GE.
This news release may include comments that do not refer strictly to
historical results or actions and may be deemed to be forward-looking within
the meaning of the Safe Harbor provisions of the U.S. federal securities laws.
These include, among others, statements about expectations of future revenues,
cash flows, and cash requirements. Forward-looking statements are subject to
risks and uncertainties that may cause Northcore's ("the Company") results to
differ materially from expectations. These risks include the Company's ability
to raise additional funding, develop its business-to-business sales and
operations, develop appropriate strategic alliances and successful development
and implementation of technology, acceptance of the Company's products and
services, competitive factors, new products and technological changes, and
other such risks as the Company may identify and discuss from time to time,
including those risks disclosed in the Company's Form 20-F filed with the
Securities and Exchange Commission. Accordingly, there is no certainty that
the Company's plans will be achieved.
For further information:
For further information: At Northcore Technologies Inc., Joe Racanelli,
Tel: (416) 640-0400 ext. 273, E-mail: email@example.com