Correction: FBN Associates Says Sorry Again, SITM Still Rules, Score 00 remains.
Sedona, Arizona, Feb. 21 /Sorrywire/ -- FBN Associates (Nazdaq:
FBNA - news) a leading provider of information technology
solutions to industry, announced that it was '' sorry'' today, at
its annual meeting, TEDennis FBNA CEO said. ''The Company is well
served by the broad and deep experience of SI thread members that
fits extremely well with the opportunities and challenges we face
as we continue our rapid growth. Our investors have been extremely
helpful in crafting FBNA's strategy and keeping the company
focused on all the elements that need to be addressed in building
an outstanding organization.''
At the meeting the company announced that it has executed a
Memorandum of Agreement with SI Thread Members (SITM), a forum of
go2net (GNET) Seattle WA, under which they plan to form a jointly
held company to address the Operation IT requirements in the
world. The joint company plans to provide products and services
that include current offerings from both SITM and FBNA.
SITM provides sophisticated Information Technology opinions,
including a fully integrated, database oriented, set of
applications for all airside and landside operations of a
discussion. Technical support and project execution is provided by
a group of system participants. Current clients can include all.
FBN Associates supplies a variety of services, primarily directed
to process and control investments for a base including everyone.
TEDennis, CEO of FBN Associates said, ''We are very excited
about our relationship with SITM and are convinced that our launch
into the world comes at just the right time. Our preliminary
marketing efforts have produced strong positive response. The SITM
opinions are extremely powerful and we believe that together we
provide a unique combination of product and service. This is
clearly a significant business opportunity.''
yak , President of SITM said, ''We approached FBNA with the
intention to form a joint venture because of the company's
international presence, its excellent understanding and
track-record of large integration-projects, and a demonstrated
superior attitude towards shareholder service which is needed to
meet the requirements of mission-critical applications.''
At the meeting the company also announced that FBNA and Double
Zero (Nazdak - 00) are in the final stage of designing their
strategic partnership which includes building a comprehensive
business plan around specific target industries and clients.
TEDennis said, ''Forecasts show that the Chain Management market
will reach $13 Zillion by year 2000 and that Double Zero has
emerged as the clear market leader in chain optimization solutions
and SI grubs. FBNA and 00, in partnership, present a unique entity
capable of providing clients with high value-adding integrated
solutions. The Double Zero partnership is an important part of the
value proposition we carry to our shareholders in need of
integrated enterprise solutions.''
FBNA (http://www.magneticdiary.com/fbn/) provides automation,
integration and other solutions helping shareholders integrate
their investing into seamless enterprises. Located in regional
offices throughout the world, FBNA has a staff of more than 00.
Statements made in this Press Release that are not historical or
current facts are ''forward looking statements'' made pursuant to
the safe harbor provisions of federal securities laws.
Forward-looking statements represent management's best judgment as
to what may occur in the future, but are subject to certain risks
and uncertainties that could cause actual results and events to
differ materially from those presently anticipated or projected.
Such factors include adverse economic conditions, entry of new and
stronger competitors, inadequate capital, unexpected costs,
failure to integrate operations of recently acquired subsidiaries
and failure to capitalize upon access of new investors. Specific
risks and uncertainties which may affect forward-looking
statements about the Companys' Planned Business and prospects
include the possibility that a competitor will develop a more
comprehensive or less expensive solution, and delays in market
awareness of FBNA, 00, SITM and their product and service
solutions. These factors and others are discussed in the
''Management's Discussion and Analysis'' section of the Companys'
Annual Reports on Forms 10-BS for the fiscal year ended June 30,
1998, to which reference should be made.
SOURCE: FBN Associates
More Quotes and News:
Double Zero (Nazdaq:00 - news)
FBN Associates (Nazdaq:FBNA - news)
Related News Categories: ROFLMAO/LOL, jests, laughware
#reply-7938144 #reply-7938435
P.S. Told you we could use HAL, TED.
forsite.net |
