Small Fry .... FLNKD ...BREAKING NEWS .... looks good for us, I am buying more stock here, as I do think this one is going to go to at least double digits in the ST once this news is digested by the street.
Burjis
FutureLink Retains New U.S. Financial Advisors Gerard Klauer Mattison and Stanford Keene
IRVINE, California, June 9, 1999 - FutureLink Distribution Corp.
(NASD-OTC-BB:FLNKD), a leading Application Service Provider (ASP), today
announced it has retained two firms to advise FutureLink on its strategic
growth initiatives in the burgeoning ASP industry.
Gerard Klauer Mattison & Co. of New York will be the lead investment banking
advisor to FutureLink on its corporate finance strategy. Stanford Keene of
Charlotte, NC, a leading mergers and acquisitions advisor focused on the IT
industry, has also been retained to advise FutureLink on strategic
acquisitions and growth initiatives. New York investment banker
Commonwealth Associates LP, who were retained in April, continues to advise
FutureLink on strategies to create shareholder value.
"We look forward to be advising FutureLink during this period of rapid
corporate growth," said David Stetson, a Managing Director in Corporate
Finance at Gerard Klauer Mattison & Co. "With the acquisition of Micro
Visions and the addition of Phil Ladouceur as Executive Chairman, we believe
FutureLink has assembled the right team to lead the company to the forefront
of the emerging ASP industry."
"Stanford Keene has followed FutureLink's growth closely over the past
year," said Charles Reynolds, Managing Director. "We are excited about
advising them through their acquisition strategy. We feel FutureLink is well
positioned to capitalize on the emerging ASP industry."
"FutureLink has gained significant momentum in the ASP industry," said Raghu
Kilambi, FutureLink's CFO. "As financing and acquisitions are key to our
growth strategy, we are pleased to have relationships with leading advisors
the caliber of Gerard Klauer Mattison and Stanford Keene. These two firms
have solid track records and relevant industry experience. We look forward
to working closely with them both."
About Gerard Klauer Mattison & Co.
Founded in 1989, Gerard Klauer Mattison & Co., Inc. is an institutional
research and investment banking organization with offices in New York,
Boston, Chicago, San Francisco and Tel Aviv. The investment banking
division provides a full range of advisory services, specializing in public
equity offerings, the private placement of equity and debt securities, and
M&A advisory for emerging growth companies. Gerard Klauer Mattison & Co.,
Inc. is a member of the New York Stock Exchange and the NASD.
About Stanford Keene
Stanford Keene, the information technology mergers and acquisitions
consulting firm, has developed its own niche in the IT advisory consulting
arena. In 1998 Stanford Keene was recognized as the United States' third
leading mergers and acquisitions advisor specific to the IT industry.
Stanford Keene's clients include high technology leaders such as CIENA,
Diamond Tech One, IBM, Intelisystems, PSSI and USi. Stanford Keene is
renowned for creating the best strategic fit for its clients. For more
information, contact Don Holdbrook, Senior Associate, at Stanford Keene at
2850 One First Union Center, Charlotte, NC 28202. Phone (704) 347-0700; fax
(704) 347-0701, Web address stanfordkeene.com, and E-mail
dholbrook@stanfordkeene.com.
About FutureLink
FutureLink is a founder of the Application Services Provider (ASP) industry
and a founding member of the ASP Industry Consortium. According to
Forrester Research Inc., the application outsourcing market is projected to
reach $20 billion by 2001. FutureLink provides small and mid-sized
businesses (10-1,000 employees) with off-site, Internet-based computing,
allowing subscribers to outsource hardware/software upgrade cycles,
precisely control total cost of technology ownership and focus on their core
businesses.
FutureLink recently announced its acquisition of Micro Visions of Irvine,
California, a world leader in server-based computing integrated services.
With revenues of over $13 million in 1998 and over 36,000 server-based
computing seats installed since 1995, Micro Visions operates branch offices
in Atlanta, Las Vegas, Los Angeles, Phoenix and Raleigh/Durham, N.C. The
acquisition is scheduled to be completed in September 1999.
FutureLink's expertise in application hosting on a monthly subscription
basis, outsourcing and facility management, and business practices
consulting enables the company to offer an all-inclusive, trouble-free
service at a per-seat, per-month basis. FutureLink, "The Computer Utility
Company," offers computer and information service as transparently and
reliably as today's utilities deliver electricity, water and telephone
services. For more information, contact FutureLink toll-free at (877)
216-6001; e-mail: sales@futurelink.net; or visit the FutureLink Web site at
futurelink.net. |
