Intelispan Signs Letter of Intent to Purchase CCS
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Aug. 10, 1998--Intelispan, Inc. (OTC BB: IVPN) announced today the signing of a letter of intent to purchase Corporate Computing Services (CCS) from Process Management Corporation.
Under the terms of the agreement, Intelispan will purchase CCS for $20,000,000 cash and stock, and on completion of the transition will merge CCS's operations with Intelispan.
Originally formed from the merger of Greyhound Computer Corporations' Chicago and Phoenix data centers, CCS is a full-service provider of data services and solutions to financial, commercial and health-care markets in the Southwest.
Its clients represent all major industries, including manufacturing, distribution, high tech, health care and banking, and include the Dial Corporation [NYSE:DL - news] and Boeing. Based in Phoenix, CCS has primary operating facilities in Mesa and Scottsdale, Ariz.
It employs 90 persons as well as 40 contract/part-time employees. According to CCS, revenues for the current year have been $1,000,000 per month. Information about the company is available on the World Wide Web at ccs-pmc.com.
''Upon completion of the acquisition, we will offer our customers new enterprise management services over our virtual private network service,'' said Peter A. Nelson, Intelispan Chief Executive Officer. ''These network-enabled services will help make our exSPANd VPN a one-stop solution. We will be able to provide an easy-to-implement solution for enterprise-wide networking; it is completely integrated and allows companies of all sizes to take advantage of the benefits of enterprise-wide data exchange and value-added network services.''
''For CCS, becoming part of Intelispan offers our customers a distinctively different option for networking services,'' said Michael P. Choate, President of CCS.
''We first began working with Intelispan as a value-added reseller of their VPN service, and it was clear to us that the Intelispan network solution was far superior to others in terms of security, scalability, flexibility and ease of implementation.
''The opportunity for our companies to work as a single entity provides customers with a powerful range of network services from a single source, without having the capital costs associated with assembling and integrating these various components.''
Intelispan will incorporate CCS network services as part of its exSPANd(tm) VPN. Built on WorldCom's Internet Protocol (IP) network which is physically separate from the Internet, exSPANd provides all the remote access service features and capabilities of a private corporate network, including enhanced security, performance, flexibility, information and control.
exSPANd, with CCS services, will include:
World-Class Enterprise Management Services
High end, High Availability Computing Resources
24 x 7 Network and Systems Management Services
Virtual Year 2000 factory for remediation of application code
for Y2K compliance
Data warehousing
Disaster Recovery and Business resumption Services
Related Information Technology Consulting Services
Intelispan is a Scottsdale, Ariz. based company that provides and distributes this group of secure, high-value business communications solutions through a network of Network Integration companies and VARs (alliance partners). Intelispan has shares listed for trading on the NASD OTC Electronic Bulletin Board (OTC BB: IVPN).
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Contact:
INVESTOR COMMUNICATIONS CO.
800/511-4215 or 800/511-4219
www.iccinfo.com
or
Intelispan
Nina Christensen, 602/443-3999
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