For Immediate Release
NORTHCORE ANNOUNCES NEW STRATEGIC PARTNERSHIP
Partnership to focus on cross selling software offerings
Toronto, Ontario – July 26, 2011 – Northcore Technologies Inc. (TSX: NTI; OTCBB: NTLNF), a global provider of asset management technology solutions, has announced a strategic partnership with Manuweb Software Systems, Inc. (CNSX:AIV) to cross sell its asset management and social commerce solutions.
“I am extremely excited that our previously announced partnership strategy has yielded such quick results,” said Amit Monga, CEO Northcore Technologies. “Manuweb and Northcore have highly complementary product sets and an impressive collection of customers. Northcore now has the opportunity to bring its robust suite of social commerce and asset management tools to a new, pre-qualified customer base. In addition, existing Northcore clients can take advantage of Manuweb’s offerings in the document management and compliance space.”
“Northcore has a toolset that presents an excellent fit with our enterprise platform,” said Van Potter, CEO of Manuweb Software Inc. “We strongly believe that there are significant opportunities for both companies to cross sell our respective solutions to each other's customer base.”
This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.
About Northcore Technologies Inc.
Northcore Technologies provides a Working Capital Engine™ that helps organizations source, manage, appraise and sell their capital equipment. Northcore offers its software solutions and support services to a growing number of customers in a variety of sectors including financial services, manufacturing, oil and gas and government.
Northcore owns 50 percent of GE Asset Manager, LLC, a joint business venture with GE. Together, the companies work with leading organizations around the world to help them liberate more capital value from their assets. Northcore’s intellectual property portfolio includes patents in the online Dutch Auction domain.
Additional information about Northcore can be obtained at www.northcore.com.