To: John Chapman who wrote (7314 ) 10/4/1999 3:42:00 PM From: jhild Respond to of 7491
Monday October 4, 2:53 pm Eastern Time Company Press Release SOURCE: ID Four Limited Joint Press Release by Cashco Management Inc. & ID Four, Ltd. WAYNE, PA/NEWMARKET, ON, Oct. 4 /CNW-PRN/ - Cashco Management Inc. (OTC:BB-CHSKE) and ID Four Ltd. (OTC:BB-IDFR) announced today their intent to integrate the management efforts of each company to improve their overall operating efficiencies. The integration will result in a joint management committee whose mandate will focus on sharing industry expertise in an effort to further their relationship beyond the current arrangement of product distributor and developer vs. sales and marketing agent, yet continue to preserve and maintain separate and distinct legal identities for each company. The collaboration will result in a more vertically integrated stream of operations minimizing redundant procedures and costs inherent to the development, manufacturing, acquisition, sales and marketing of software and Internet related products and services. To facilitate expansion efforts, allow a smooth transition to joint management operations and to ensure access to a pool of highly skilled technical resource individuals necessary to complete various product developments by year's end, Cashco Management Inc.'s expanded Internet and Software Research and Development office has relocated to Seattle, WA. These developments include but are not limited to Netwave, a real time Internet based messaging program, enPact2OOO, a premiere 32 bit Contact Manager and a new Internet related product specifically created to address a worldwide marketing niche. The shares of Cashco Management, Inc. and ID Four, Ltd. are quoted on the OTC Bulletin Board under the trading symbols CSHKE and IDFR, respectively. ''Safe Harbor'' statement under the Private Securities Litigation Reform Act of 1995: This release contains forward looking statements that are subject to risks and uncertainties, including, but not limited to, the impact of competitive products and pricing, product demand and market acceptance, new product development, reliance on key strategic alliances, availability of raw materials, the regulatory environment, fluctuations in operating results and other risks detailed from time to time in the Company's press releases. SOURCE: ID Four Limited http://biz.yahoo.com/prnews/991004/cashco_mgm_1.html