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Microcap & Penny Stocks : ITEC classic turnaround with Internet twist -- Ignore unavailable to you. Want to Upgrade?

To: Silly Rabbit who wrote (41)	1/22/1999 9:14:00 PM
From: VINCENT MALGAPO	Respond to of 431

Friday October 30, 7:30 am Eastern Time Here's the news release mentioning dealseekers from last oct: Company Press Release SOURCE: Dense-Pac Microsystems, Inc. Dense-Pac Microsystems Converts Internet E-Commerce Division to Limited Liability Company GARDEN GROVE, Calif., Oct. 30 /PRNewswire/ -- Dense-Pac Microsystems, Inc. (Nasdaq: DPAC - news) announced today that its CommercePac business unit, formed earlier this year to take advantage of the opportunities for e-commerce on the internet, will be converted to a limited liability company (L.L.C.). The new company will be organized under Delaware law and headquartered in Garden Grove. According to the announcement by Dense-Pac CEO, Richard Dadamo, ''CommercePac enables customers to market and sell their products on the Internet, both business to business and directly to customers. CommercePac services include complete end-to-end business solutions including requirement analysis, Web-based application development, systems integration to existing databases, Web site design and hosting and electronic commerce with secure transaction processing. The Company recently announced that it has signed agreements with retailers such as Knapp Shoes, DealSeekers Online and Pro Sports Nutrition, making their respective products available to consumers and businesses via the Internet. ''We are seeing rapid growth in sales of our commercial stacking products as well as in the aerospace and industrial business segment,'' Dadamo said. ''By operating CommercePac independently, we can seek additional funding from numerous sources to grow the Internet Company without detracting from our core business of stacked memory packaging devices. CommercePac has shown promise during its early stages of development and due to the dynamic growth of Internet commerce, we are optimistic about its future.'' Dense-Pac Microsystems, Inc. is a technology company that specializes in the design of proprietary and patented three-dimensional high-density packaging. The products allow the company's commercial, industrial and aerospace customers to pack huge amounts of memory into small spaces. Its commercial products include applications such as network servers, computers storage devices and medical instrumentation. Aerospace and industrial applications can include airborne and space avionics and such diverse areas as space satellites and missiles and high performance servers. The Company web site is at www.dense-pac.com. The above statements are forward looking statements and projections (including statements concerning plan and objectives of management for future operations and statements concerning earnings expectations) are based on management's belief as well as assumptions made by, and information available to management. Although management believes that its expectations are based on reasonable assumptions, there can be no assurances that the Company's financial goals will be realized. Numerous factors may affect the Company's actual results and may cause results to differ materially from those expressed in forward-looking statements made by or on behalf of the Company. Some of those factors include, without limitation, demand and acceptance of new and existing products, technological and product obsolescence, availability of semiconductor devices at reasonable process, competitive factors and the availability of capital to finance growth. These and other risks are discussed in greater detail in the company's filings with the Securities and Exchange Commission. SOURCE: Dense-Pac Microsystems, Inc.