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To: fishweed who wrote (12181)	9/13/1999 2:26:00 PM
From: Kaliico	Respond to of 57584

Another for the radar, recent ipo EGOV from GNET news...been watching it all along, just didnt get back in. National Information Consortium to Buy eFed; Acquisition Expands eGovernment-to-Business Solutions Business Wire - September 13, 1999 06:47 OVERLAND PARK, Kan.--(BUSINESS WIRE)--Sept. 13, 1999--National Information Consortium, Inc. ("NIC") (Nasdaq: EGOV), a leading provider of Internet-based electronic government services, today announced that it has entered into a definitive agreement to acquire eFed, a market leader in Internet-based procurement solutions for the government. eFed is a division of privately held Reston, Virginia-based Electric Press, Inc. Total consideration is anticipated to include $15 million in cash and 606,000 shares of NIC common stock, valuing the acquisition at $29.6 million based on the closing price of NIC's common stock on Friday, September 10, 1999. Additional consideration is payable depending upon the revenue and earnings performance of eFed through the end of calendar year 2003. The transaction is expected to close by the end of September and will be accounted for as a purchase. eFed designs, develops and manages online procurement software and services for federal and state markets. eFed's procurement solution allows buyers to search, compare and buy products and services across multiple contracts using the Internet. It also allows senior government procurement officials to manage better and reduce expenses associated with the procurement process. eFed's proprietary solution provides four major offerings not previously available in the procurement market. eFed's solution: