6/28 14:19 SLEL announces news of hiring investment banking firm, certainly lending more credence to the plan of acquiring ISPs.
06/28 14:19 Salient Cybertech
Announces Investment Banking
Agreement
SLEL.OB>
Salient Cybertech Announces Investment Banking Agreement
SARASOTA, Fla.--(BUSINESS WIRE)--June 28, 1999--Today
Salient Cybertech, Inc. (OTCBB: Stock Symbol: SLEL)
announced that it has entered into an investment banking
agreement with Baxter Banks & Smith, Ltd. The investment
banking agreement provides for assistance in mergers and
acquisitions as well as an agreement regarding funding for the
company.
Baxter, Banks & Smith is a full service brokerage house with
over $250 million under management. They have seventeen
offices nationwide that provide merchant banking, investment
banking, retail brokerage and investment advisor services. The
firm is a member of NASD and SIPC.
"Our agreement with Baxter, Banks & Smith will allow us to move
forward with our merger and acquisition strategy. We specifically
chose BBS because they are a young, growing and aggressive
company with interest in the technology sector," said Paul Sloan
CEO of Salient Cybertech.
Any questions should be addressed to Paul Sloan, Salient
Cybertech, Inc. at Investor Relations (954) 570-5160. Forward
Looking Statements : This news release contains certain
"forward-looking" statements within the meaning of the Private
Securities Litigation Reform Act of 1995, which provides a new
"safe harbor" for these types of statements. To the extent
statements in this news release involve, without limitation,
product development and introduction plans, the Company's
expectations for growth, estimates of future revenues, expenses,
profits, cash flow, balance sheet items, sell-through or backlog,
forecasts of demand or market trends for the Company's product
categories and for the industries in which the Company
operates, or any other guidance on future periods, these
statements are forward-looking statements. The Company
assumes no obligation to update forward-looking statements.
--30--bk/ny*
CONTACT: Salient Cybertech, Inc.
Paul Sloan,
Investor Relations, 954/570-5160 Today's News On The Net -
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