Company Press Release
Wareforce.com Acquires Web Developer and E-Commerce Solution Provider, Westech Systems
LOS ANGELES--(BUSINESS WIRE)--May 16, 2000--Wareforce.com, Inc. (OTCBB:WFRC - news) a comprehensive provider of information technology (IT) systems, business-to-business (B2B) e-commerce solutions and technical services for business, education and government, today announced it has finalized its acquisition of Western Technologies Group, LLC (WesTech) of Corona, California.
In business since 1994, WesTech is a rapidly growing Internet developer (I-builder) and provider of online procurement applications, full desktop development and Web site hosting. WesTech's expertise in database management and back end solutions allows them to develop a Web site which not only offers marketing information, but allows the integration of accounting, purchasing and order tracking functions for seamless online transactions. In addition to Web site development, WesTech has back office applications installed in a wide range of Fortune 1000 and government accounts nationally.
As previously announced, WesTech has designed and implemented over 300 customized Web sites. An AT&T (NYSE:T - news) Creative Alliance Partner, WesTech is one of the largest providers of Web development services for AT&T customers on the West Coast, having completed more than 100 sites in the last 18 months. As an AT&T Business Alliance Partner, WesTech markets and installs industry-leading bandwidth on a royalty basis.
``WesTech's Internet and e-commerce integration offerings perfectly complement our product and service capabilities,'' stated Orie Rechtman, Wareforce.com CEO. ``In addition to our high value Professional Services and Response Services, we can now offer a full set of e-business development and integration capabilities from a single source provider.''
About Wareforce.com
Wareforce.com, with headquarters in El Segundo, California, is a leading provider of IT systems, technical services and e-commerce solutions to government organizations, educational institutions, and small, mid-size and Fortune 1000 companies.
Wareforce.com has integrated its $2 billion virtual warehouse featuring 140,000 computer-related products with the Commerce One MarketSite(TM) Global Trading Portal, the U.S. portal for exchanging goods and services among businesses worldwide. This allows customers immediate access to one of the most comprehensive online inventories of IT products available today. Wareforce.com is committed to provide B2B e-commerce solutions using open industry standards. By adopting XML as the standard interface with internal ERP systems, Wareforce.com provides a complete, seamless integration with leading online procurement technologies. Wareforce.com is located on the World Wide Web at www.wareforce.com.
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are subject to risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements. The Company may experience significant fluctuations in future operating results due to a number of economic, competitive and other factors, including, among other things, the size and timing of customer contracts, new or increased competition, changes in market demand, and seasonality of purchases of the Company's products and services. There is no guarantee that the acquisition of WesTech will result in material improvements to the Company's net earnings (loss). These factors and others could cause operating results to vary significantly from those in prior periods, and those projected in forward-looking statements. Additional information with respect to these and other factors, which could materially affect the Company and its operations, are included on certain forms the Company files with the Securities and Exchange Commission. |
