VVTV - more proof the the world has gone insane.
NEET looks interesting;
DALLAS, Nov 17, 2000 (BUSINESS WIRE) -- NetCommerce, Inc., (OTCBB:NEET)
(www.neetstock.com), announces today the signing of a letter of intent to
acquire Dallas-based NewData Strategies, Inc. (www.newdata.com).
The combined entity would have annual revenue of approximately $13 million. The
acquisition will equip NetCommerce to generate new revenue streams by providing
its existing clientele with fully integrated, Internet-based, technical
solutions.
Founded in 1990, NewData Strategies, Inc. is a full service Microsoft Certified
Solution Provider & Partner (MSP-Partner) (www.Microsoft.com)(Nasdaq:MSFT) and
Microsoft Certified Technical Education Center (CTEC). In 1999, Arthur Andersen
and the Dallas Business Journal named NewData Strategies one of the 50
fastest-growing high-tech firms in the Dallas Metroplex for the fifth year in a
row.
"This acquisition will allow NetCommerce to deliver applied solutions to its
existing clients that have the security, scalability and dependability needed
for an organization to run its operations effectively and efficiently. NewData
Strategies is dedicated to helping companies create, implement or customize
leading edge applications and network infrastructures. As a Microsoft Solution
Provider Partner and a "Go To" Partner for the Microsoft 2000 platform, the
Technology Services Group of NewData Strategies has the expertise to consult,
develop, implement, and support Microsoft solutions with superior results,"
stated Kirk Hulllison, President and CEO of NewData Strategies.
"Our proven ability to consistently capture small to medium commercial customers
will be further enhanced by being able to provide Microsoft solutions at a price
that these companies can afford. There is no doubt that this market segment
recognizes the importance of these types of products as critical to its success
in the new economy," said Dan Henderson, Director of NetCommerce, Inc.
The Company views this merger as part of its reorganization and cost cutting
efforts and will help them better meet the needs of the changing technology
markets.
This press release may contain forward-looking statements relating to the future
performance of NetCommerce, Inc. Forward-looking statements, specifically those
concerning future performance are subject to certain risks and uncertainties,
and actual results may differ materially from expectations. These risks and
uncertainties include the uncertainty associated with the timing and magnitude
of the transition in the company's revenue mix, the risks associated with the
development and implementation of the Company's new technology platform and
other risk factors detailed from time-to-time in the Company's filings with the
Securities and Exchange Commission (SEC), including the Company's Annual Report
on Form 10-K, Forms 10-Q, and other filings and releases.
CONTACT: NetCommerce, Inc., Dallas
Investor Relations Office, 888/638-7693, x 216 |
