IBIZ - Jan. 19, 2000--iBIZ Technology
Corporation (OTCBB:IBIZ), a leading manufacturer of "small-footprint"
computer systems and peripherals, announced today that they have
completed the acquisition of certain assets of PC Solutions, Inc., a
Phoenix based software retailer.
The agreement includes all customer lists and contacts, and was
concluded with the transfer of a limited amount of cash, and shares of
iBIZ Technology stock. As part of the agreement, iBIZ does not assume
any of the liabilities or debts of PC Solutions. Additionally, they
have completed employment contracts with key sales and management
personnel.
The acquisition of selected PC Solutions, Inc. assets will enable
iBIZ Technology to add software sales to their extensive line of
products and services. As a local software dealer, the acquired
company has historically exceeded $8 million in annual sales, and is a
leading Microsoft and Novell dealer.
Ken Schilling, President and CEO of iBIZ Technology Corp. stated,
"The conclusion of this acquisition furthers our objective of offering
our clients a complete technology solution. We welcome Steve Nevins,
formerly PC's Vice President of Sales, and the other members of his
sales team. Their experience and skills, acquired from many years in
the software retailing industry will be a great asset in our future
growth."
Mr. Schilling added, "We are confident that this acquisition,
along with the recent clearance of our Form 10SB filing, will allow
the company to gain a strategic market position, by expanding our
business to business sales. Software is a very important element of
every system. Our hardware and software products, coupled with our
network integration and DSL services provide the client with a very
complete package."
iBIZ Technology's operating company (www.ibizcorp.com) is a
20-year-old firm that has built a reputation for providing superior
technology solutions for the limited workspace environment. Its unique
solutions include "small footprint" computers and workstations, for
limited workspace environments; custom keyboards and input devices for
specialized applications like banking and accounting; a complete line
of notebook computers and LCD monitors. Its consumer products include
accessories for Palm Computing devices and a variety of custom
designed and manufactured products from leading OEMs. The company also
recently began offering network cabling, integration services and
high-speed bandwidth provisioning with DSL products.
For more information on iBIZ or to order products, please visit
the company's Website at www.ibizcorp.com or call iBIZ Investor
Relations at 800/234-0707.
The statements in this press release may contain forward looking
statements within the meaning of Section 27A of the Securities Act of
1933 and Section 21E of the Exchange Act of 1934 and are subject to
the safe harbor created by these sections. Actual results could differ
materially from those described herein as a result of certain factors
and circumstances.
--30--kmw/se*
CONTACT: iBIZ Corporation
Johnscott Berger, 800/861-0771
www.ibizcorp.com |
