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Microcap & Penny Stocks : USTI UNITED SYSTEMS TECH INC -- Ignore unavailable to you. Want to Upgrade?

To: Mel Fox who wrote (974)	3/28/2000 1:58:00 PM
From: Pied Piper	Read Replies (1) \| Respond to of 1001

USTI NEWS and it's NOT earnings! United Systems Technology, Inc. Announces Purchase of Certain CPS Systems, Inc. Assets DALLAS--(BUSINESS WIRE)--March 28, 2000--United Systems Technology, Inc. (OTC:USTI - news) announced today that the Northern District of Texas US Bankruptcy Court approved USTI's bid for the purchase of certain assets of CPS Systems, Inc. (``CPS') at a Bankruptcy auction held on March 24th. USTI successfully bid $200,000 in cash for the CPS City Fund Accounting and Utility Billing source code, software support and licensing agreements for approximately 60 customers located in Texas and Oklahoma. The assets purchased also included the accounts receivable related to these customers as well as substantially all of the fixed assets of CPS in its Dallas office. The Company expects to close this transaction by the end of the month. This Press Release contains forward-looking statements, other than historical facts, which reflect the view of Company's management with respect to future events. Such forward-looking statements are based on assumptions made by and information currently available to the Company's management. Although management believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Important factors that could cause actual results to differ materially from such expectations include, without limitation, the ability of the Company i) to generate levels of revenue and adequate cash flows from its operations to support and maintain its current cost structure and ii) to develop and deliver products that are competitive, accepted by its markets and are not rendered obsolete by changing technology. The forward-looking statements contained herein reflect the current views of the Company's management with respect to future events and are subject to these factors and other risks, uncertainties and assumptions relating to the operations, results of operations and financial position of the Company. The Company assumes no obligation to update the forward-looking statements or to update the reasons actual results could differ from those contemplated by such forward-looking statements. USTI develops, markets and supports application software for local governments and rural water districts. The software applications operate in IBM midrange, network and single user PC platforms. USTI has over 1,700 installations nationwide. -------------------------------------------------------------------------------- Contact: United Systems Technology, Inc., Dallas Mr. Randy McGee, 972/402-8600

To: Mel Fox who wrote (974)	6/21/2000 12:31:00 PM
From: Walter Morton	Read Replies (2) \| Respond to of 1001

About Auto Administrator -- Today's Acquisition by USTI: Auto Administrator Int'l Inc was founded in 1982 as an aggressive company that used technology to enhance its vertical market presence. Today, AutoAdmin is still that aggressive company, constantly evolving both its business practices and its products to meet its client?s needs. AutoAdmin was one of the first PC based tax billing systems in Canada, using what was at the time leading edge technologies such as Ashton Tate's Dbase. In the late 1980s AutoAdmin again adopted new technology, rewriting its entire application using FoxBASE and had become the largest supplier of municipal information systems, in Canada. In 1995 using Solomon Software's VB Tools AutoAdmin became the first company in its market to fully integrate its vertical market applications with an "off-the-shelf" Windows accounting system. This gave middle market, local governments and utilities their first exposure to enterprise solutions. Today we have 14% of the overall Canadian market and as much as 60% of some provincial markets. Since 1995, AutoAdmin has delivered nearly 100 installations of our new Windows product. AutoAdmin has the solutions for the local government and utility market and the process to deliver those products cost effectively. [oh really?] In 1999, AutoAdmin began work on Genesis, an amazing new architecture that is the culmination of over 18 years experience in the recurring billing market. Genesis has been designed to fully exploit the Company?s strategy of collaborating with leading financial application suppliers. Genesis is being written using the newest technologies available from Microsoft such as: Microsoft SQL Server, Visual Basic 7.0, COM+ (Component Object Model plus Component Services) and Multi-tiered Client/Server. The Genesis architecture is flexible, efficient and adaptable. By applying the latest technologies now the life of the product is vastly extended. As we move on into the 21st century AutoAdmin will be ready to meet the ever-changing challenges of municipal and utility administration through innovation and imagination. USTI picked up Auto Administrator in a bankruptcy auction. autoadmin.com