To: Rick Buskey who wrote (94304 ) 4/7/2000 1:39:00 PM From: stock4U Respond to of 108040
Buy CSPI and get 1 share of vertical buyer. CSPI PE 68 and market cap 50M revenue $40M(e commerce/WAP) Vertical Buyer Files Registration Statement Company to Become Public Through Share Distribution BELLERICA, Mass.--(BUSINESS WIRE)--April 6, 2000--Vertical Buyer, Inc., a company involved in the development of industry-specific Internet websites, announced today it has filed a registration statement with the Securities and Exchange Commission (SEC) that will result in the Company becoming a public entity. The Company has registered 2 million of its common shares and 3.2 million shares of underlying warrants. The shares and warrants were previously sold to CSP, Inc. (NASDAQ: CSPI - news). Once registered, CSPI will distribute approximately 750,000 shares of Vertical Buyer's stock to its shareholders on the basis of one common share of Vertical Buyer for every five shares owned by CSPI shareholders. The Company said that once the registration and the distribution becomes effective, Vertical Buyer will file to trade on the Over-the-Counter Bulletin Board under the ticker symbol (VERB:OTCBB). About CSP Inc.: Based in Billerica, Massachusetts and founded in 1968, CSP Inc. (NASDAQ: CSPI - news) and its subsidiaries develop and market Internet software for e-commerce solutions, image processing software, network management integration services, and high-performance computer systems. The MultiComputer Division supplies high-performance computer systems for a broad array of defense applications, including radar, sonar and surveillance signal processing. The Company's MODCOMP, Inc. subsidiary, founded in 1970, is a leading provider of Internet software solutions and systems integration. MODCOMP works with third parties to develop customized application solutions in the global e-commerce markets and has offices in the U.S., U.K., France and Germany. About Vertical Buyer: Vertical Buyer, Inc. is the holding company for a network of Internet sites formed to utilize B2B e-commerce opportunities, initially within the global commercial lighting and electrical markets. The Company's primary focus is on servicing the needs of small to medium-sized buyers. Vertical Buyer's first e-commerce site, www.lightingbuyer.com, was recently launched. Statements in this press release that relate to future plans, objectives, expectations, performance, events and the like are ``forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995 and the Securities Exchange Act of 1934. Future events, risks and uncertainties, individually or in the aggregate, could cause actual results to differ materially from those expressed or implied in these statements.