Monday February 14, 3:27 pm Eastern Time
Company Press Release
Thermaltec International Buys
MultiMedia Integrator
WEST BABYLON, N.Y.--(BUSINESS WIRE)--Feb. 14, 2000--Thermaltec International, Corp.
(THRM-OTC:BB) (TTI) announced today that it has reached an agreement in principal to acquire
Viaplex Communications (VC) an Information Technology Professional Services company with
specialized expertise in the design, implementation and support of enterprise multi-service networks
and applications.
VC has a great deal of depth and experience in the design, building, managing and maintaining of
very large, corporate and institutional networks. Its engineering team is proficient in integrated
data/voice/video technologies; with expertise encompassing routing and switching LAN/WAN,
VOICE OVER ip (Voip), IP Telephony, voice and video collaboration video on demand(VOD)
and video broadcast and multicast applications in an enterprise Intranet/Extranet network
architecture.
VC is closely allied with the major networking equipment vendors and provides the integration
expertise, to deploy next generation data, telephony and video applications onto a client's existing
network or to build an entirely new network infrastructure. The Company is currently engaged in
multi-services (data, voice & video) network integration pilot projects with several high-profile
brokerage firms and stock exchanges in the Wall Street area.
This acquisition will complement TTI's strategy of building state-of-the-art information technology for
its Edge Management acquisition. It also gives TTI a stake in the high growth area of multimedia
integration in the financial services industry.
This completes the first round of the company's intended acquisitions. The Company will spend the
next 60 days in closing its announced acquisitions: Edge Management, Inc., High Velocity
Technologies, and Viaplex Communications. The company does not intend to make further
acquisitions until this process is completed.
If all acquisitions are closed as planned, the combined revenues of TTI will be running at a rate to
exceed 60 million within the next 12 months. The expected shares outstanding will be approximately
4,500,000 million. Shares in the float during this period would vary approximately from 900,000 to
1,500,000.
Statements about the Company's future expectations, including future revenues, earnings and
transactions, as well as all other statements in this news release other than historical facts are
``forwarding-looking statements' within the meaning of the Private Securities Litigation Reform Act
of 1995. The Company intends that such forward-looking statements be subject to the safe harbors
created thereby. Since these statements involve risks and uncertainties and are subject to change at
any time, the Company's actual results and other corporate developments could differ materially
from that which has been anticipated in such statements. |
