March 13 (Reuters) - Truecontext Corp ( PPRRF ):

* TRUECONTEXT ANNOUNCES DEFINITIVE AGREEMENT TO BE ACQUIRED

BY

BATTERY VENTURES IN AN ALL-CASH TRANSACTION

* TRUECONTEXT CORP ( PPRRF ) - PROPOSED DEAL FOR FOR $1.07 PER SHARE

IN CASH

* TRUECONTEXT CORP ( PPRRF ) - TRANSACTION VALUES COMPANY'S TOTAL

EQUITY AT

APPROXIMATELY $150 MILLION ON A FULLY DILUTED BASIS

* TRUECONTEXT CORP ( PPRRF ) - UPON COMPLETION OF TRANSACTION,

TRUECONTEXT

WILL BECOME A PRIVATELY HELD COMPANY

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