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Microcap & Penny Stocks : GLBM expected to earn $.25 next year - A buy at $1.25 -- Ignore unavailable to you. Want to Upgrade?

To: Tradrvic who wrote (811)	3/10/1999 11:20:00 AM
From: b_gallatin	Read Replies (1) \| Respond to of 938

03/10 10:17 Global MAINTECH to Acquire Breece Hill and to Write Down Certain <GLBM.OB> Global MAINTECH to Acquire Breece Hill and to Write Down Certain Assets MINNEAPOLIS--(BUSINESS WIRE)--March 10, 1999--Global MAINTECH Corporation (OTC-BB: GLBM), a worldwide leader in enterprise management software for data centers, announces that it has signed a definitive agreement to acquire Breece Hill Technologies, Inc. of Boulder, Colorado. Breece Hill, a privately owned computer peripherals company with 1998 sales in excess of $30 million, is a leading manufacturer of data storage libraries to data centers. The agreement is subject to approval by Breece Hill shareholders, which is anticipated within a month; Breece Hill shareholders will then receive warrants to purchase approximately 20 percent of Global Maintech stock. According to Joe Schiavone, MAINTECH's Vice President of Sales and Marketing, "Breece Hill brings to us terrific data center synergies; they have the world's best storage devices for digital linear tape and have particular strength in distributed environments and Y2k solutions. Along with MAINTECH's suite of enterprise management capabilities, the combined company provides some best-of-breed data center solutions. We are now a clear-cut leader in important niches of the huge and dynamic market of systems management." Global MAINTECH was founded in 1992 to create an advanced data center automation architecture that monitors, manages and controls computers, operating systems and network devices. The enterprise monitoring market is growing at an estimated rate of 30% per year. Breece Hill was founded in 1993 to provide superior digital linear tape libraries to the expanding backup and data storage market, and this market is estimated by Freeman & Associates also to be growing at 30% per year. "We believe that this acquisition will position the combined company to be a major force in the exploding data storage and enterprise monitoring markets in the corporate 1000 data centers," said James Watson, CEO and President of Breece Hill. "The synergies would allow the combined companies to provide software, hardware, connectivity and services to support our current and targeted customers." Global MAINTECH also announced that it expects to report a loss for 1998. The loss is largely attributable to one-time write-downs of certain development and acquisition assets. The amount of the loss has not yet been determined. The focal point of MAINTECH's suite of systems and network management software products for data centers is its Virtual Command Center (VCC). The VCC is a master console that provides a single point-of-control for mainframe, midrange, UNIX, Microsoft NT and network devices. It can provide efficient consolidation of consoles for delivery of software provided by other companies in the enterprise management market. As part of the original team that developed digital linear tape technology, Breece Hill Technologies provides tape libraries which are unsurpassed in reliability, performance and capacity to meet current, future and Y2k needs. Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risk and uncertainties, including without limitations, continued use of the Company's services, and the continued availability of labor resources. --30--ms/ms* CONTACT: David McCaffrey, CEO James Geiser, CFO, Secretary Global MAINTECH Corporation 7578 Market Place Drive Eden Prairie, MN 55344 Phone: (612) 944-0400 FAX: (612) 944-3311 Web Site: www.globalmt.com