Thursday January 28, 11:12 am Eastern Time
Company Press Release
Intelispan Inc. Negotiates Agreement With Financial Resource Group LLC
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Jan. 28, 1999--Intelispan Inc. (OTC BB:IVPN - news) announced Thursday that it has negotiated a comprehensive corporate finance and consulting agreement with Financial Resource Group LLC (FRG), the exclusive provider of investment banking and corporate advisory services for Inc. Magazine.
The relationship with Inc. Magazine allows FRG to draw on the resources and expertise of 20 years of Inc.'s experience helping grow companies. Inc. Magazine has been the first to cover such successful companies as Microsoft (MSFT), FedEx (FDX), Intuit (INTU), and Gateway 2000 (GTW).
''We are very pleased to be working with Intelispan. They have found a solid niche in the high tech industry that presents a significant market opportunity. Their commitment to shareholder value will allow us to effectively communicate the Intelispan story to the investment community,'' said Julian Smerkovitz, managing director of Financial Resource Group.
Intelispan offers the corporate enterprise a secure VPN network for managed remote access, Internet/extranets and business-to-business e-commerce. Unlike other VPN offerings that utilize the Internet, Intelispan has developed its network services offering on a global, private IP network -- apart from the Internet, thereby avoiding the risks of denial of service attacks and hackers on a public network. Intelispan also provides a unique blend of user control, enhanced security, e-commerce and network management capability that is usage-based and scalable on demand. Intelispan also offers stand-alone EDI document and public key cryptography (PKI) products for midsize and large corporate enterprises.
''We look forward to working closely with FRG, as they will surely play a significant role in growing our company,'' said Peter Nelson, CEO of Intelispan. ''Intelispan offers a unique opportunity to businesses allowing them to leverage the cost savings and ubiquity of the Internet without the security risks or inherent network performance problems associated with public networks. This is an important message to bring to the investment world.''
Intelispan has also engaged First Financial Equity Corp. (FFEC), a Scottsdale based NASD member, registered broker/dealer and banking firm, to advise Intelispan on proposed capital raising activity.
''We are very motivated to work with Intelispan,'' said George Fischer, president of First Financial Equity. ''Intelispan has positioned itself perfectly in the high tech industry with state of the art technology in a fast growing market.''
In addition, Intelispan will be posting its monthly corporate newsletter on the Intelispan web site. This newsletter will include information on pertinent industry news/editorials, industry events, updates on current sales, and recent news about the company.
About Intelispan
Intelispan is a Scottsdale, Ariz.-based company that provides and distributes this group of secure, high-value business communications solutions through a network of Network Integration companies and VARs (alliance partners). Intelispan has shares listed for trading on the NASD OTC Electronic Bulletin Board OTCBB:IVPN. For more information, visit Intelispan on the World Wide Web at www.intelispan.com.
About Financial Resource Group, LLC
Financial Resource Group is the exclusive provider of investment banking and financial advisory services for Inc. Magazine. Inc. has spent the last 20 years writing and advising some of today's most successful companies. FRG's association with Inc. allows FRG to draw upon Inc.'s pool of resources and tap into Inc.'s channel of readers and investors.
Financial Resource Group is a registered broker/dealer, member NASD and SIPC.
This release contains ''forward looking statements'' within the meaning of Section 27A of the Securities Act and Section 21B of the Exchange Act. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as ''expects,'' or ''does not expect,'' ''is expected,'' ''anticipates'' or ''does not anticipate,'' ''plans,'' ''estimates'' or ''intends,'' or stating that certain actions, events, or results ''may,'' ''could,'' ''would,'' ''might,'' or ''will'' be taken, occur to be achieved) are not statements of historical fact and may be ''forward looking statements.'' Forward-looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. These include, but are not limited to, competition from larger firms, lack of cash flow, need for additional financing, product obsolescence, and/or lack of market acceptance. Although the company believes that the expectations reflected in such forward looking statements are reasonable, it can give no assurance that such expectations will prove to be correct.
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Contact:
Intelispan, Scottsdale
Nina Christensen, 602/443-3999
nina@intelispan.com |
