• 2002
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• 2000
• 1999

Microforum Inc. (ticker: MCF.TO, exchange: Toronto Stock Exchange)
News Release - 28-Sep-2000

Microforum Announces Higher Than Expected Loss For The Second Quarter While Revenues Remain On Track

Toronto, Ontario, Canada September 28, 2000
Microforum Inc (TSE: MCF) today announced that, despite being on plan for achieving revenues in line with consensus expectations during the second quarter, unexpected costs to complete certain fixed-priced contracts are expected to result in a loss for the period that will be significantly higher than analyst expectations.

Based on preliminary information, the Company now expects to report a loss before interest, taxes, depreciation and amortization in the range of $3 million to $5 million for the period. Actual results may differ from these anticipated results. The Company will release its actual results for the period on October 16.

The Company is implementing internal policy changes with respect to expense control and approval procedures which should serve to reduce the likelihood of a reoccurrence of similar unexpected costs in future periods. These policy changes will take effect immediately.

About Microforum
Microforum Inc. (www.microforum.com) is a leading North American digital business transformation company providing a broad range of electronic commerce, Internet strategy and database services. Microforum is publicly traded on The Toronto Stock Exchange under the symbol "MCF" and is headquartered in Toronto, with offices in Vancouver, BC, Halifax, NS, San Francisco, CA, New York, NY and Seattle, WA.

Investors should take note that certain statements in this press release are forward-looking and may not give full weight to all of the potential risks and uncertainties. These forward-looking statements include statements that are subject to risks and uncertainties. Forward-Looking statements are subject by their nature to risks and uncertainties, and actual results, actions or events could differ materially from those set forth in the forward-looking statements. Any forward-looking statements speak only as of the date made. The Company is not undertaking to update any information in the foregoing reports until the effective date of its future reports required by the securities laws.