ZULU NEWS !!
SOURCE: ZULU-tek, Inc.
Zulu Enters Into Strategic Relationship With Universal Commerce, Inc.
NEWPORT, R.I., March 5 /PRNewswire/ -- ZULU-tek, Inc. (OTC Bulletin Board: NETZ - news) said today it has rescinded its previously announced acquisition of Universal
Commerce, Inc. (''UC'') and has entered into a strategic relationship with UC and its principals. The changes were due to accounting issues relative to SEC & GAAP Rules for
ZULU.
Charles Rose, President of UC, said, ''I have worked closely with ZULU's current executives for some time and have assisted echoMEDIA in developing strategic Internet
solutions. Our strategic alliance allows ZULU to take full advantage of the E-Commerce opportunities, using our UC state of the art commerce systems on the Net, while we
remain independent to deal with other areas of commerce where ZULU has no interest.''
The ability of ZULU's Softbank Interactive division to utilize unsold banner inventory provides significant opportunities for E-Commerce growth for both UC and ZULU.
SOURCE: ZULU-tek, Inc. |
