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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Joe Copia who wrote (21847)	3/15/2000 1:03:00 PM
From: Joe Copia	Respond to of 25711

VCSY news: Company Digest March 15, 2000 12:51 Vertical Computer Systems Enters Letter of Intent to Merge with Reporting Company LOS ANGELES--(BUSINESS WIRE)--March 15, 2000--Vertical Computer Systems, Inc. (OTC:VCSY) announced today that it has entered into a letter of intent to merge with Scientific Fuel Technology, Inc. a 1934 Act fully reporting company. As a result of the intended merger, the current shareholders of Scientific Fuel Technology, Inc. would become shareholders of Vertical Computer Systems, Inc. Pursuant to the merger and under the provisions of Rule 12 of the Exchange Act, Vertical Computer Systems, Inc. would assume the reporting obligations of Scientific Fuel Technology, Inc. by electing successor issuer status. This would cause Vertical Computer Systems, Inc. to become a fully reporting company. Combined financial statements of Scientific Fuel Technology, Inc. and Vertical Computer Systems, Inc. will then be required to be completed within 75 days from date of merger, and attached to the Company's 8-K filing Richard Wade, Vertical president, stated, "Vertical Computer Systems has entered into this letter of intent with Scientific Fuel Technology, with the intention of becoming a fully reporting company in compliance with the current NASD and OTC requirements. Management of Vertical Computer Systems wants its shareholders and investors to realize that management is conscious of the importance of its OTC listing, and is taking all appropriate measures and steps towards moving forward and making Vertical Computer Systems a fully reporting company. Along with Vertical Computer Systems becoming a fully reporting company, BDO Seidman has been engaged by Externet World, Inc. and Vertical Computer Systems, Inc. to serve as their independent auditors as one of the first steps in the process of preparing Vertical to attempt to become a listed Company on the NASDAQ or American Stock Exchange". About Vertical Computer Systems: Vertical Computer Systems, Inc. is a multi lingual portal provider, and e-commerce solutions company, based in the United States. The Company provides a full range of Internet services that include building e-commerce solutions nationally and internationally, distributing content via its multi lingual portal network(http://www.TheChinaBridge.com); and Internet Services thepostmaster.net). Through its majority-owned subsidiary, Externet World, Inc., the Company provides online shopping services (http://www.ShoppingInternet.com) and proprietary online gaming software (http://www.ccpsoftware.com). Vertical Computer Systems is committed to building e-commerce communities allowing the development of the Internet in the Americas, Europe, Asia and Pacific Rim. Forward-looking statements in this release are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to certain risks and uncertainties and actual results could differ from those discussed. This material is information only and is not an offer or solicitation to buy or sell the securities. This material was prepared and disseminated by The Hawke Group, Inc. ("Hawke") for the Company discussed herein, based upon Company supplied information or other sources believed to be reliable. The information is not guaranteed by Hawke for accuracy or to be all inclusive. Forward-looking statements in this release are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to certain risks and uncertainties and actual results could differ from those discussed. This material is information only and is not an offer or solicitation to buy or sell the securities. Hawke, its affiliates, and/or its officers, directors and employees may from time to time have a position in these securities. Vertical Computer Systems, Inc. has retained The Hawke Group as a Financial Public Relations Consultant for the option to purchase 30,000 shares of restricted stock at .05 per share subject to split adjustment. CONTACT: The Hawke Group, Inc., Fort Lauderdale, Fla. Broker Contact: Scott Phillips, Phone 954/564-7114 Fax 954/564-9848 Visit our website at www.hawkegroup.com. or Investor Contact: Mandel Consulting Phone 954/973-3493 Fax 954/973-3558 VERTICAL COMPUTER SYS INC - VCSY Price 1.593 Net Change +0.083 Volume (000) 2120 Day High 2.600 Day Low 1.562 as of 03/15/00 12:58 PM EST More Info VCSY Stocks News Symbol Name Advanced Search