Press Release on Investment Company Digital Bridge
M&A West is a partner and significant shareholder of Digital Bridge, which was "spun off" earlier this year.
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(COMTEX) B: Digital Bridge Acquires Leading Provider of Online Human Resource Information System; OTVnet.com Added to Digital Bridge's Venture Technology Portfolio
BURLINGAME, Calif., Aug 31, 2000 (BUSINESS WIRE) -- Digital Bridge Inc. (OTCBB:DGBI), a global eBusiness Builder, announced today the signing of an agreement to acquire Online Television Network Services (OTVnet). The closing date on the agreement is scheduled for September 29, 2000.
Located in San Diego, California, OTVnet will become a wholly owned subsidiary of Digital Bridge. The acquisition falls under the umbrella of Digital Bridge's Venture Technology portfolio, which provides for select businesses, human capital in the form of tech resources, intellectual properties and infrastructure. Digital Bridge will supply OTVnet with the 'next generation engine' and IT strategy resources required for rapid expansion and growth.
Founded in 1996, OTVnet designs and manages comprehensive Human Resource Systems for the unionized construction industry. Specifically, in the design and development of benefits specific Internet sites for multi-employer union
pension/health and welfare trusts organizations. Through this development, OTVnet has created an industry leading Benefits Trust web product and is positioning itself to serve unionized trade organizations nationwide.
John Flanders, incoming CEO of Digital Bridge, stated, "The addition of OTVnet to our Venture Technology portfolio is a great asset to the Company. They are in
a great market sector with huge growth and revenue potential. Working together, we plan to greatly expand OTVnet's product line and services, which are already
being successfully implemented in the unionized community."
Ken Paganini, CEO of OTVnet commented, "Digital Bridge brings a lot of horsepower to OTVnet's fast growing customer base. The talent pool at Digital Bridge will assist us in reaching our next level."
Additional Information on OTVnet can be found at otvnet.com and
trustsite.net.
About Digital Bridge
Digital Bridge is a global "eBusiness Builder," which designs, develops and delivers strategy-based eBusiness enterprise solutions. Our suite of professional services and products enables concept to completion for both
emerging and existing businesses integrating eBusiness capabilities. Our services are designed to rapidly improve your competitive position within your market through our expertise in strategic planning, creative design and
corporate brand development, technical architecture and complex information systems. Digital Bridge was a very successful spin-off from M&A West Inc. (OTC:MAWI) and still remains as a significant shareholder and partner.
Additional information can be found at www.digitalbridge.com.
Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, the anticipated stock dividends and all other forward-looking statements be subject to the safe
harbors created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time,
the Company's actual results may differ materially from expected results.
CONTACT: Digital Bridge
Aaron Lang, 650/552-0618
URL: businesswire.com
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Additional Contact Info and Disclaimer for InvestorServicesOnline
For more information you can contact InvestorServicesOnline (Internet-Specific Investor Relations) at E-mail: investorservicesonline@yahoo.com or Company Representative, Rick West, TEL: 650/827-7308 (Public Relations) E-mail: Rick@mawest.com
Rick West and Merger Communications are not associated with InvestorServicesOnline.
Disclaimer Information for InvestorServicesOnline:
Investor Services Online (ISO) is a compensated agent of M&A West Inc. and has been hired to perform certain investor relations services for the Company. Investor Services Online is being paid 1,200 shares per month for a 12 month period. We are not a registered investment advisor and suggest that you consult with an independent
registered advisor as well as do your own research before investing in any stock. The opinions and analysis included herein are based on sources believed to be reliable but no warranty, expressed or implied, is made as to their accuracy, completeness or correctness. Readers are advised that this communication is issued solely for information purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy any securities. All information posted on Internet discussion sites by Investor Relations Online relating to M&A West Inc. is supplied by M&A West Inc. The reader should verify all claims and do their own due diligence before investing in any securities mentioned. Investing in securities is speculative and carries a high degree of risk, which may or may not be suitable for everyone. |
