POST news....
Monday May 24, 9:04 am Eastern Time
Company Press Release
SOURCE: CyPost Corp.
Protecting Your Privacy -- CyPost Launches Into Internet Market With Commercial Acquisition
DOVER, Del., May 24 /PRNewswire/ -- CyPost Corporation (OTC Bulletin Board: POST - news), is pleased to announce the execution of a letter of intent providing for the acquisition of all shares of Internet Service Provider, Hermes Net Solutions Inc. The cash value of the transaction is approximately $500,000.
Hermes Net Solutions Inc. is a leading provider to the commercial market for Internet connectivity, web hosting, as well as providing solutions for outsourcing web-based applications to the business community.
''The acquisition of Hermes Net Solutions Inc. provides us with an excellent foothold in the dynamic ISP market,'' said Steve Berry, CyPost president and CEO. ''Through CyPost's products and resources, we hope to build on Hermes' success and loyal corporate customer base. This acquisition is in line with the criteria we consider essential in helping to fulfill our goals to better meet the needs of our customers and enhance our shareholder value''
''We are pleased with the opportunity afforded our corporate customers by providing them the advanced privacy and protection solutions CyPost Corp. has developed,'' said Hermes Net Solutions Inc. president Jason Xu. ''The additional resources made available by this combination will give us the ability to rapidly expand both our market share and product offerings.''
''The addition of Hermes Net Solutions management team, including Mr. Xu to CyPost Corp. further solidifies and facilitates the development and implementation of our unique e-business and e-commenrce solutions,'' said Mr. Berry. ''Our commitment to privacy and protection for Internet communication will continue to dictate the execution of our business model.''
CyPost Corporation www.cypost.com develops and markets Internet privacy and protection systems. CyPost specializes in making state-of-the-art cryptography and encryption solutions accessible for both business and personal use.
Its flagship product, Navaho Lock v2.3 www.navaholock.com, is an easy to use encryption program. Using a drag and drop interface, Navaho Lock permits both individual and business clients to keep their electronic information, whether stored on a personal computer, used on a network, or sent across the Internet, completely private and protected.
Except for historical matter contained herein, the matters discussed in this press release are forward-looking statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect assumptions and involve risks and uncertainties, which may affect CyPost Corporation's business and prospects and cause actual results to differ materially from these forward looking statements.
SOURCE: CyPost Corp. |
