Zulu-tek, Inc. (ZULU) Message Board

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Microcap & Penny Stocks : Zulu-tek, Inc. (ZULU)

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To: Don Powrie who wrote (2904)	3/5/1998 9:13:00 PM
From: OtherChap	Read Replies (4) of 18444

>NEWPORT, R.I., March 5 /PRNewswire/ -- ZULU-tek, Inc. (OTC Bulletin >Board: NETZ - news) said today it has rescinded its previously >announced acquisition of Universal >Commerce, Inc. (''UC'') and has entered into a strategic >relationship with UC and its principals. The changes were due to >accounting issues relative to SEC & GAAP Rules for >ZULU. translation: the merger fell through when either a) Zulu couldn't afford to buy them because of lack of cash or falling stock price (if it was a stock deal) b) UC started seeing all the sleaze reported by Wired and wanted to keep a safe distance. in any case, you have to give the Zulu PR department credit. They manage to turn a collapsed aquisition into "Enters into strategic relationship" i suppose if the company's stock is halted- the press release will read: "Zulu announces a cooling off period for its red-hot stock"

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