IDC Technologies Acquires Bing Software Division From ID Four
SAN DIEGO--(BUSINESS WIRE)--Nov. 29, 2001--IDC Technologies Inc., (OTC:IDCG - news) today announced the acquisition of ID Four's (OTC:IDFR - news) Bing Software Division.
ID Four's President announced today that the Board of Directors agreed to sell the Macintosh platform based technology division to IDC Technologies in a deal worth $500,000. The deal is scheduled to close before the end of the year.
Bing Software, a wholly owned subsidiary of ID Four, develops and distributes popular telephony software products, such as ``Megaphone'' and ``Phone-Pro.'' The company is currently developing a new product line of advanced telephony software for distribution in major retail chain stores nationwide.
IDC Technologies Inc. (OTC:IDCG - news) is a newly developed Technology company which plans to acquire smaller companies in the Communications sector creating a network of profitable subsidiaries along with Research and Development for advanced communications. IDC plans to launch the new Web site www.idctek.com in early December 2001.
ID Four has recently focused more on the IDC Technology sector with companies who are developing technologies relative to ID Four's business model.
The details of the sale will remain confidential until the transaction is fully completed.
``Safe Harbor'' statement under the Private Securities Litigation Reform Act Of 1995: This release contains forward-looking statements that are subject to risks and uncertainties, including, but not limited to, the impact of Competitive products and pricing, product demand and market acceptance, new Product development, reliance on key strategic alliances, availability of Raw materials, the regulatory environment, fluctuations in operating results And other risks detailed from time to time in the company's press releases.
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Contact:
ID Four LTD.
Mary Martin, 858/456-3524 |
