To: Fredman who wrote (1430 ) 3/16/1999 1:09:00 PM From: CWIII Read Replies (1) | Respond to of 2003
biz.yahoo.com Tuesday March 16, 12:13 pm Eastern Time Company Press Release SOURCE: Zulu-tek, Inc. Zulu-tek Clarifies Acquisition; Zulu-tek - Enhanced Services Share Ratio to be One-for-One LOS ANGELES, March 16 /PRNewswire/ -- Zulu-tek, Inc. (OTC Bulletin Board: ZULU - news) clarified the terms of the acquisitions of BrandsForLess.com (Holdings), Inc. and Omni-net.com Inc. from Enhanced Services Company, Inc. (OTC: ESVS - news). Zulu-tek, Inc. is issuing shares of its common stock to Enhanced Services Company in exchange for all of the stock of BrandsForLess.com (Holdings), Inc. and Omni-net.com Inc. Enhanced Services will distribute to its shareholders the shares of Zulu-tek received in exchange for the shares of BrandsForLess.com (Holdings) and Omni-net.com when registered with the Securities and Exchange Commission. Holders of Enhanced Services common stock will receive one share of common stock of Zulu-tek for each share of Enhanced Services common stock. The registration statement is expected to be effective in the second quarter of 1999, at which time Zulu-tek expects to be listed on Nasdaq or a national exchange. Forward-looking statements in this release concerning trends or anticipated operating results are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties related to the Company's operations. These risks and uncertainties include, but are not limited to, competitive factors (including the possibility of increased competition or technological development, competitors and price pressures); legal factors (such as limited protection of the Company's proprietary technology and changes in government regulation); the Company's dependence on key personnel and significant customers; and stock market conditions and factors affecting underwriting and valuations. SOURCE: Zulu-tek, Inc. More Quotes and News: ESVS - news Zulu Tek Inc (OTC BB:ZULU - news) Related News Categories: computers, retail Help