To: Sportfish who wrote (694 ) 11/16/1999 1:09:00 PM From: bigbuk Read Replies (1) | Respond to of 835
AOXY hoax?? Too funny that some try to scam others with this. But maybe it is true, just no one can find it on any news service. Go Figure. Anyone get in tips? lol Real Time Quote Chart Free E-Mail Raging STIPS Links < Previous Respond Next > By: lizzo Reply To: None Tuesday, 16 Nov 1999 at 11:41 AM EST Post # of 10957 HUGE NEWS FROM AOXY!!!!!!!!!!!!!!! Advanced Oxygen Technologies to be acquired by EMC Corporation. (BUSINESS WIRE)--Nov. 16, 1999 11:19am est. Advanced Oxygen Technologies (OTC BB:AOXY) announced it has entered into a binding Letter of Intent by billion dollar EMC Corporation (NYSE:EMC) to come under its broad corporate umbrella. The agreement is part of the ongoing efforts by Advanced Oxygen Technologies to significantly expand its Database Management efforts with bigger and more complex clients, something the company could not do without the financial support and influence of internationally known EMC Corporation. Advanced Oxygen Technologies will implement and assist Data General, a Division of EMC Corporation, with Database management implementation and help address y2k concerns by the corporations 63 current clients. Under terms of the agreement, EMC Corporation will acquire all 29,345,900 issued and outstanding shares of Advanced Oxygen Technologies for 32 cents a share which includes all current assets of the public entity, plus previous clientele goodwill for a period of no less than 6 months. The closing date is scheduled for December 2, 1999. Robert E. Wolfe, Chairman of the Board and Chief Executive Officer and Principal Financial Officer of Advanced Oxygen stated: "we are extremely excited to be acquired by EMC Corporation as we feel it was the most efficient and effective way at securing our future as well as rewarding our long term shareholders with a buyout offer 13% higher than we have ever traded in the past 3 years." A general response by EMC Corporation states: "EMC Corporation is pleased to welcome all new corporate entities acquired under our holding umbrella. We feel we can offer more synergistic qualities to data management and implementation companies today in this rapidly evolving environment through acquisition and or merger of tomorrow's potential giants" Advanced Oxygen Technology Inc. (AOXY) is a US corporation publicly traded on the NASDAQ OTC. AOXY's corporate headquarters is located in Midtown, Manhattan, New York, and it's business location is in Santa Clarita, California. AOXY is a CD-ROM publisher/reseller, an event seller, and database management company. Current clients include: Comdex, Vanguard, and Dunn and Bradstreet. About Data General Data General, a Division of EMC Corporation (NYSE:EMC), is a major supplier of enterprise and departmental computing solutions for customers worldwide. The division's products include Microsoft Windows NT- and UNIX-based AViiON servers and related software and services. Strategic alliances with leading software vendors and systems integrators enable Data General to deliver complete solutions that meet customers' business needs for their departments and enterprises. Additional information on Data General, its products and services is available on the Internet at www.dg.com. More information on EMC Corporation, the world's leading provider of enterprise storage systems and software, can be accessed on the Internet at www.emc.com. CONTACT: Data General Brodeur Porter Novelli Eithne Egan Gina Rezendes 508/898-6664 617/587-2839 eithne-egan@dg.com grezendes@brodeur.com This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance and underlying assumptions, and all statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks defined in this document. These cautionary statements expressly qualify all such forward-looking statements made by or on behalf of AOXY. In addition, AOXY disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.