To: Bravado  who wrote (3939 ) 3/9/1999 4:35:00 PM From: StkProfit$      Respond to    of 52051  
ESFT,,,one more thing before I shut up about it. :-) 24 November PR on upcoming merger: BOULDER, Colo., November 24, 1998 -- eSoft Inc. (NASDAQ: ESFT) today announced the signing of a letter of intent agreement to acquire Apexx Technology Inc., a private company headquartered in Boise, Idaho. eSoft will exchange approximately 2.95 million shares of eSoft's common stock for all of the shares of Apexx. Additionally, eSoft will extend to Apexx a working capital line of credit of up to $500,000, secured by all the assets of Apexx. Apexx, with 35 employees, is anticipating revenues of approximately $4 million in 1998. According to company officials, this transaction creates the technology and market leader in the fast-emerging market for Internet thin servers, and results in the combined company having the largest installed base of all-in-one Internet appliances in the world. The companies intend for the acquisition to be a tax-free exchange accounted for as a pooling of interests. The completion of the transaction is subject to several conditions, including execution of a definitive purchase agreement and approval of the agreement by both companies' boards of directors and shareholders. The anticipated completion date for the transaction is March 31, 1999.  -------------------------------------------------------------- Direct marketing coming up (should give the stock some interest): 24 January PR The company recently introduced new product positioning and pricing to  its distribution network. Additionally, the company anticipates  launching a direct marketing program in early 1999 to the end-user and  reseller market segments.  -------------------------------------------------------------- I think IPAD will catch on with the marketing, and share price will jump between end of March and May.  Just my take on it.  Negative earning stocks are always risky plays (like AMZN, etc) :-)) Regards, -Mark