LOS ANGELES, April 28 /PRNewswire/ -- Vertical Computer Systems, Inc. (OTC Bulletin Board: VCSYE - news) announced today that it has merged with Scientific Fuel Technology, Inc., (``Scientific'') a 1934 Act fully reporting company on April 27, 2000.
Pursuant to the merger and under the provisions of Rule 12g-3 of the Exchange Act, Vertical Computer Systems, Inc. will assume the reporting obligations of Scientific by electing successor issuer status which will cause Vertical Computer Systems, Inc. to become a fully reporting company. Combined financial statements of Scientific and Vertical Computer Systems, Inc. are being completed and the Company expects to file the appropriate 8-K by May 2, 2000.
About Vertical Computer Systems
Vertical Computer Systems, Inc. is a multi-lingual portal provider, and e-commerce solutions company, based in the United States. The Company provides a full range of Internet services that include building e-commerce solutions nationally and internationally, distributing content via its multi- lingual portal network-Chinese (http://www.TheChinaBridge.com); and Internet services (http://www.thepostmaster.net). Through its majority-owned subsidiary, Externet World, Inc., the Company provides online shopping services (http://www.ShoppingInternet.com) and proprietary online gaming software (http://www.ccpsoftware.com). Vertical Computer Systems is committed to building e-commerce communities on the Internet in the Americas, Europe, Asia and Pacific Rim.
Forward-looking statements in this release are made pursuant to the Safe Harbor provision of the Private Securities Litigation Act of 1995. These forward-looking statements are subject to certain risks and uncertainties and actual results could differ from those discussed. This material is information only, and is not an offer or solicitation.
Broker Contact: The Hawke Group, Inc. -- Phone 954-564-7114; Fax 954-564-9848. Visit the website at www.hawkegroup.com
Investor Contact: Mandel Consulting, Inc. -- Phone 954-973-3493; Fax 954-773-3558.
SOURCE: Vertical Computer Systems, Inc.
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