MTMC News:PIVOT IPO!!!!! Micros-To-Mainframes Considers Potential IPO of Network Management Services Business
March 16, 2000 05:01 AM
VALLEY COTTAGE, N.Y.--(BUSINESS WIRE)--March 16, 2000--Micros-To-Mainframes, Inc. ("MTM") MTMC , announced today that it was considering an initial public offering of its network services business through the sale of up to 20% of a newly formed Delaware corporation to be named Pivot Technologies, Inc. The initial public offering may be followed by a spin-off of the remaining 80% to the shareholders of MTM. The proposed spin-off would be structured to be tax-free to MTM and its shareholders.
This announcement does not constitute an offer to sell, or the solicitation of an offer to buy, the common stock of Pivot Technologies, Inc., which only may be made by a prospectus which satisfies the requirements of the Securities Act of 1933 and the laws of any state in which such an offer or solicitation may be made.
Micros-To-Mainframes is a premier provider of network analysis and diagnostics, management, architecture, design, implementation and support services serving the New York Tri-State area since 1986. Micros-To-Mainframes' practices in Network Analysis, Network and Systems Management, Internet Services, IT Consulting, Data and Network Security, Network Infrastructure Engineering, Integrated Communications, and Enterprise LifeCycle Managed Services create a comprehensive computer and communication services suite. The Company maintains sales offices, technology labs, help desk, network management operation centers, training and service facilities in Valley Cottage, New York, New York City, and Connecticut. Micros-To-Mainframes is an authorized reseller of Intel Corp, IBM, Dell Computer, Compaq Computer, Hewlett Packard, Cisco Systems, Citrix, Axent Technologies, Microsoft, PSINet, and Novell
"SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: The statements contained in this release which are not historical facts are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. These risks and uncertainties include the Company's entry into new commercial businesses, the risk of obtaining financing, and other risks described in the Company's Securities and Exchange Commission filings.
CONTACT: Micros-to-Mainframes, Inc., Valley Cottage Steven H. Rothman Phone: (914) 268-5000 Fax: (914) 267-3785 stever@mtm.com
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