yes... Company Press Release
Sara Hallitex Corp. Spin-out, SolutionNet Inc.
Launching Multimillion-Dollar Internet Banking
Software with Oracle Corp. and Sun Microsystems
MARINA DEL REY, Calif.--(BUSINESS WIRE)--Jan. 25, 1999--Garrett K. Krause, President and CEO of Sara Hallitex Corp.
(OTC BB: SHAL - news) confirms that its recent SIPOD (spin-out) company, SolutionNet Inc., in tandem with 3-year
development partners, Oracle Corp. (Nasdaq: ORCL - news) and Sun Microsystems (Nasdaq: SUNW - news), is set for a
worldwide product launch of its ENET-Internet Banking Solution Technology.
Oracle Corp. and Sun Microsystems, world renowned industry leaders in the fields of Internet database software and specialized
Internet software/hardware respectively, along with co-developer, SolutionNet, a progressive contender in the high-end Internet
software solutions market, affirms that the multi-vertical application, ENET, with its proprietary electronic Internet gateway
technology, will be launched in Singapore on Feb. 26, 1999.
The National Computer Board of Singapore orchestrated ENET's worldwide product launch by inviting international press
coverage to Singapore for the official introduction of this ground-breaking technology.
After rigorous testing, ENET was installed in a number of ''Top 100'' world banks and proved itself exceptional -- finally affording
banks the first-ever secure and reliable 100% Internet banking solution.
However, it is only the first of three proprietary SolutionNet Internet software products to be offered to the public market before
the end of 1999.
Krause commented, ''Co-development of ENET with Oracle Corp. and Sun Microsystems has solidified SolutionNet's working
relationship with these companies and together we look forward to bringing more of tomorrow's Internet technologies to the public
market today.''
Statements in this release are made pursuant to the 'Safe Harbor' provisions of the Private Securities Litigation reform Act of
1995. Investors are cautioned that such forward looking statements involve risk and uncertainties, including without limitation,
continued acceptance of the Company's services, increased levels of competition for the Company and dependence on the
performance of the Management of the Company.
Sara Hallitex is a public venture banking firm, dedicated to acquiring and investing in companies, new technologies or projects that
when fully-developed, can ''spin-out'' as Nasdaq publicly traded companies, providing solid and appreciable long-term portfolio
enhancement for its shareholders.
For more on Sara Hallitex look to the World Wide Web page at WWW.SARAHALLITEX.COM or contact: Sara Hallitex Corp.,
4344 Promenade Way, Suite 102P, Marina del Rey, Calif. 90292. Tel: 310/823-5008 (Investor Relations Dept.); Fax: 310/827-6255;
E-mail: invrel@sarahallitex.com. |
