Change of name for ClicCommerce

Montreal, 28 May 2002 - 

The National Bank of Canada (TSX: NA) is pleased to announce a change in the corporate name of ClicCommerce which, as of May 30, 2002, will be known as National Bank eCommerce.

This initiative underscores the Bank's firm commitment to continuing to embrace the future of e-commerce. "The goal of this strategic decision is to create a uniform image for all the member entities of the National Bank group," said Michel Lozeau, National Bank's Senior Vice-President, E-Commerce. This forward-looking shift in positioning will also see the Bank's B2B offering enhanced to feature:

  • Private B2B Marketplaces catering to medium-sized and large companies looking to do business with their suppliers via an Internet platform in order to improve their productivity by integrating purchasing, billing and payment operations.
  • A Public B2B Marketplace targeting SMEs interested in saving time and money with their repeat purchases (office supplies, computer hardware and software, etc.).
  • Web solutions, for SMEs seeking to establish or strengthen their Web exposure and/or sell their goods or services directly to consumers. As for the electronic business directory, this service will no longer be offered.

New partners have recently joined forces with National Bank eCommerce, including SoleWeb, a leading provider of Web solutions. "Thanks to SoleWeb, we are able to offer an increasingly competitive line of products, a personalized approach and a CRM-focused after-sales service. Cognicase, our partner since the very beginning, will remain a key player in our Web activities, providing made-to-measure websites for firms that require a greater degree of personalization," Lozeau added.

Moreover, National Bank eCommerce has just welcomed eScout aboard as a provider of B2B transactional solutions. The eScout team will help broaden the firm's B2B offering and contribute a real added value. Within the next few weeks, e-billing, e-payment, e-auctions and connectivity applications for in-house management services will all be made available in addition to a Web-accessible procurement platform. In addition, this easy-to-navigate platform will facilitate product searches and streamline the management of suppliers' e-catalogues.

National Bank eCommerce has its sights set on remaining a key player in the world of e-commerce solutions and intends to enhance the performance of companies through innovative, scalable, outsourced solutions in an environment that meets the strictest security standards. "This change of name reinforces the National Bank's commitment to this promising sector.

These are integrated value-added solutions that National Bank eCommerce is proud to make available to the market," Lozeau concluded.

About National Bank eCommerce
National Bank eCommerce Inc., a provider of state-of-the-art e-commerce solutions, is 90% owned by the National Bank and 10% by Cognicase, an innovative company specializing in the development and integration of e-commerce solutions using Web and wireless technologies. National Bank eCommerce offers businesses throughout Quebec and the rest of Canada a range of made-to-measure e-commerce solutions designed to meet their individual needs.  Since its launch in October 2001, over 1,000 buyers have signed up with the B2B Public Marketplace.

About Cognicase
Cognicase (www.cognicase.com) is an innovative e-business integrator and wireless/Internet electronic solutions provider. Based on its results-driven approach, its software and technologies, and its international centre focusing on IT engineering, ASP applications development and IT hosting, Cognicase offers cutting-edge solutions that contribute to the business success of its customers in the digital economy. Cognicase is present in a number of countries including Canada, the United States, France, Spain, Belgium, the Netherlands and Australia.

About the National Bank of Canada
The National Bank of Canada is an integrated group that provides comprehensive financial services to consumers, small and medium-sized enterprises (SMEs) and large corporations in its core market, while offering specialized services to its clients elsewhere in the world. It has assets of over $75 billion and, together with its subsidiaries, employs over 17,000 people.  The Bank's shares are listed on the Toronto Stock Exchange.

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Information: Carole Gagné
Senior Manager
Public Relations Department
National Bank of Canada
(514) 394-6991
carole.gagne@bnc.ca
* The telephone number and e-mail address are for the exclusive use of journalists and other media representatives.