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Microcap & Penny Stocks : DecisionLink formerly FOCS -- Ignore unavailable to you. Want to Upgrade?

To: OLD JAKE JUSTUS who wrote (240)	5/4/2000 11:48:00 AM
From: leigh aulper	Read Replies (1) \| Respond to of 300

FiberChem and Intrex Obtain Bridge Funds Commitment, Schedule Agreement Filing LAS VEGAS--(BUSINESS WIRE)--May 4, 2000--FiberChem Inc. (OTCBB:FOCS) today announced that it has obtained a commitment for bridge financing to assist in the consummation of the business combination of FiberChem and Intrex Data Communications Corp. of Vancouver, British Columbia, and Dallas. FiberChem is to be renamed DecisionLink Inc., which will continue to be traded on OTCBB. Geoff Hewitt, chairman and CEO of FiberChem, said: "With the assistance of RP&C International, of London and Dallas, we have been able to secure a commitment for bridge financing on terms acceptable to both FiberChem and Intrex. "This short-term funding allows us both to continue the process of integrating the operations of the two companies, while completing the various regulatory steps along the way. We have worked successfully with RP&C in the past and are pleased to be working with them again." David Peachey, CEO of Intrex, also announced that Intrex is scheduling its filing of the arrangement agreement for the combination of the Intrex and FiberChem businesses into DecisionLink with the Supreme Court of British Columbia for the week of May 15, 2000. Hewitt said: "The two companies are now working on a number of large projects together and are beginning to combine a number of operations. We are currently setting up an integrated financial system and a common information network. "We are developing a Web site for DecisionLink that we expect to introduce upon completion of the merger. The employees and management of FiberChem are very excited about the opportunities presented by this new business. We find that there is a tremendous amount of synergy between us and we share common goals." Peachey said: "We are very much aware that both the FiberChem and Intrex shareholders are anxious to see the combination of our two companies. Although the delays have been lengthy, we believe the path is now clear to complete this business combination. The complexities of solving the tax and corporate issues of several jurisdictions has taken both time and work by both companies' professional advisors." Peachey continued, saying: "These administrative delays have not slowed down the development of Intrex's business, and we will now be able to make a much larger contribution to DecisionLink. It has always been important to both Intrex and FiberChem that DecisionLink starts off with a solid base to build from. "We have developed several key strategic alliances over the past six months that will help us achieve that. We hope to be in a position to complete and announce some of these partnerships within the next few weeks." Intrex is a private company that provides proprietary Internet and communications technology for communicating data to or from remote or mobile assets on a real-time basis using wireless, satellite and cellular data systems. Data is routed through Intrex's global network, which acts as a data gateway and applications service provider allowing customers to monitor and control remote or mobile assets such as gas wells, pipelines, compressors, storage tanks, offshore platforms or service vehicles directly from a desktop PC. Intrex is a licensed reseller of the Orbcomm Global LP low earth orbit or LEO satellite data and messaging communications services. Orbcomm is a partnership owned by Orbital Sciences Corp. and Teleglobe Inc. of Canada. Intrex also has communications agreements that provide satellite services through Norcom Inc., as well as digital cellular services. FiberChem develops, manufactures, markets and licenses fiber optic chemical sensors that produce continuous, real-time information of environmental pollutants in the air, water and soil. These technologies are currently used in applications such as pipeline leak detection, aboveground storage tank monitoring, oil production, water quality monitoring and industrial wastewater compliance monitoring and control.