sure will and there here is news from today. En Pointe Technologies Launches Venture Subsidiary
quote.bloomberg.com
LOS ANGELES, March 17 /PRNewswire/ -- En Pointe Technologies, Inc.
(Nasdaq: ENPT), a leading national provider of business-to-business
information technology products and services, announced today that it has
launched a venture subsidiary, En Pointe Technologies Ventures, Inc., to
invest in emerging technology companies worldwide.
"En Pointe has been engaged in applying new technologies to commerce, and
in particular to electronic commerce, from the time of its founding," said Bob
Din, CEO of En Pointe Technologies, Inc. "We believe that our ventures
subsidiary will be an efficient mechanism for channeling our vision into
leading-edge projects in the technology sector. Our goal is to provide
experience, assistance, capital support, industry expertise and a strategic
network of business relationships intended to maximize the long-term market
potential of the entities in which our subsidiary will invest. We currently
contemplate an initial series of investments in the $10 to $25 million total
range."
"En Pointe has a track record of success in nurturing emerging technology
companies from their start-up phase through their initial private-round
period, witness firstsource.com and SupplyAccess," said Jacob Stettin, Senior
Vice-President of En Pointe Technologies, Inc. "We are looking for
relationships that we can use to support ourselves and our partner companies,
and that we could comfortably recommend to others. We intend to seek and
support growth in the engineering of internet connectivity technologies, as
well as in their marketing and sales, while seeking domestic and international
expansion."
En Pointe Technologies Ventures, Inc. will be looking closely at companies
designing, developing or manufacturing internet infrastructure technologies,
as well as interconnectivity software and services, particularly those
involving both business-to-business and business-to-consumer commerce
transacted over the Web. Jason Lyons, a former executive director with CIBC
Oppenheimer, will be assisting En Pointe in evaluating the potential
investments.
About En Pointe Technologies, Inc.
En Pointe Technologies, Inc. is a national business-to-business e-commerce
provider of IT products and value-added services, using software and systems
to drop-ship MRO products to its customers through an electronically linked
network of the largest allied distributors in the U.S. This software allows
En Pointe to serve as an electronic clearinghouse of computers and
computer-related products without many of the risks and costs associated with
maintaining inventory. En Pointe offers its customers direct on-line access
to 70% of the mainstream PC distribution product, and will soon provide
mainline office supplies, furniture, equipment and facilities products.
En Pointe Professional Services offers "total solution" system consulting
services such as: pre-sale consulting, design, training, customization and
integration.
En Pointe has nineteen sales locations throughout the United States, as
well as an ISO 9002 certified value-added integration facility in Ontario,
California. Visit En Pointe and its subsidiaries on the Internet at
www.enpointe.com, and www.firstsource.com and www.supplyaccess.com.
This press release contains forward-looking statements that involve a
number of risks and uncertainties. Among the important factors that could
cause actual results to differ materially from management's projections,
estimates and expectations include, but are not limited to:
1. Changing economic influences in the industry including, but not
limited to, those related to the internet and those related to
distribution of information technology products and services
2. The development by competitors of new or superior delivery
technologies or entry in the market by new competitors
3. Dependence on intellectual property rights
4. Delays in product development
5. The company's and its subsidiaries' dependence on key personnel, and
potential influence by executive officers and principal stockholders
6. Volatility of the company's stock price
7. Any delay in execution of the company's or its subsidiaries' system
development or financing plans
8. Problems encountered in the implementation and/or roll-out of the
company's or its subsidiaries' business systems and related technology
9. General business conditions in the economy and other factors referred
to in the company's Securities and Exchange Commission filings.
For more information contact: Jason Lyons of En Pointe Technologies, Inc.
via e-mail: jlyons@enpointe.com.
SOURCE En Pointe Technologies, Inc.
-0- 03/17/2000
/CONTACT: Jason Lyons of En Pointe Technologies, Inc.,
jlyons@enpointe.com/
/Web site: supplyaccess.com
/Web site: firstsource.com
/Web site: enpointe.com
(ENPT)
CO: En Pointe Technologies, Inc.; En Pointe Technologies Ventures, Inc.
ST: California
IN: CPR MLM
SU:
-0- Mar/17/2000 9:00
EOS (PRN) Mar/17/2000 09:00 85
-0- (PRN) Mar/17/2000 9:15 |
