TORONTO--(BUSINESS WIRE)--June 5, 2000--OnX
Incorporated (TSE:ON.) announced today that sales of its IT
Infrastructure business for the fourth quarter ended April 30,
2000 failed to regain momentum after the Y2K slowdown
experienced by the Company in the first eight months of the
fiscal year.

. . .

"We are clearly disappointed with the
fourth quarter financial performance of
the IT Infrastructure segment of our
business," said Mr. Sheldon Pollack,
Co-Chairman and Chief Executive Officer
of OnX Incorporated. "We were anticipating
a resumption of double digit growth in our
IT Infrastructure sales in the new calendar
year, following our clients' deferral of
purchases in the latter half of 1999 due to
Y2K lockdown. However, consistent with
industry trends, sales failed to rebound.

AltaVista Live

-- spider (spider0@usa.net), June 13, 2000