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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: LANCE B who wrote (98796)	1/3/2002 1:20:08 PM
From: Trumptown	Read Replies (1) \| Respond to of 150070

EBTB ==>> in the news again today! biz.yahoo.com >>eB2B Completes Acquisition of Bac-Tech Systems, Inc. Accretive Transaction Strengthens Market Position NEW YORK, Jan. 3, 2002 (PRIMEZONE) -- eB2B, Inc. (Nasdaq:EBTB - news), a leading provider of business-to-business transaction management services, announced today that it has acquired New York-based Bac-Tech Systems, Inc. Bac-Tech offers comprehensive EDI and Web-based services to a growing portfolio of nationally known suppliers, including O-Cedar Brands, Peregrine Outfitters, Schott Glass and Ross Products, a division of Abbott Labs. The transaction broadens eB2B's customer base and distribution channels, leverages eB2B's revenue model and adds depth to eB2B's management team. The transaction was structured as a merger, with Bac-Tech's principals receiving $250,000 cash at closing and 8 million shares of common stock and common stock equivalents. Additionally, the principals received notes in the aggregate amount of $600,000 payable in equal installments in 2003, 2004 and 2005 and may earn a $200,000 performance-based payment in 2002. Both principals have signed three-year employment agreements with the company.<< Looks like they got somethin' for not too much! I think they are a survivor. Continuing to hold for a run (starting anytime soon imho) SR