To: Jacktoad who wrote (253 ) 4/15/1999 9:11:00 AM From: Jacktoad Respond to of 448
ClearWorks to Change the Way We Work and Do Business -- Announces the Pending Acquisition of a Leading Systems-Integration Firm April 15, 1999 09:00 AM HOUSTON--(BUSINESS WIRE)--April 15, 1999--ClearWorks Technologies Inc. CLWK , announced yesterday that it will compete indirectly with Qwest QWST and MCI/WorldCom WCOM by setting up ClearWorks Commercial Services subsidiary to focus on providing bundled digital services for commercial clients. To support this move, ClearWorks announced that it has signed a letter of intent to acquire Archer Mickelson Technologies L.L.C., a fast-growing systems-integration firm in Houston. The pending acquisition of Archer Mickelson will add a very impressive group of corporate clients to ClearWorks' existing customer base. Archer Mickelson's impressive client list includes Maxxam Inc. MXM and Casa Ole' Restaurants CASA as well as many other Fortune 1000 companies. According to CNET's CNET news.com report on Monday, "Broadband stocks have made serious waves on Wall Street, as investors buy shares in firms that are leading the charge for high-speed Net connections. Among the big gainers of late are fiber optic network builders Level-3 Communications LVLT and the parent company of Williams Communications WMB . Analysts say investors have caught on to the potential of high-speed data networks to change the way we work and do business on the Internet." As a result, high-speed digital subscriber line (DSL) providers Covad Communications COVD and Rhythms NetConnections RTHM posted new 52-week highs following that company's IPO last week. "With our new subsidiary, and the acquisition of Archer Mickelson, we are getting a running head-start on our brand-new ClearWorks Commercial Services subsidiary," says ClearWorks CEO Michael McClere. "Archer Mickelson is profitable and will add an estimated $2 million to our revenues in 1999. We are already in the process of integrating Archer Mickelson into our new ClearWorks Commercial Services operation. Brian Mickelson, president of Archer Mickelson, is going to continue with ClearWorks as president of the new ClearWorks Commercial Services subsidiary." "There is an enormous market for the services of our new operating unit," says McClere. "By integrating Mickelson and his talented staff into ClearWorks, we can capitalize on their expertise and knowledge. In other words, we are able to speed up our market penetration," interprets McClere. All existing Archer Mickelson clients will be offered the opportunity to use ClearWorks' bundled digital services in their office environments. ClearWorks' Commercial Services unit offers a wide variety of services, including everything from dial-tone and digital long-distance service to high-speed Internet connectivity at speeds 2,000 times faster than a standard 56k modem dial-up. Other bundled digital services for the commercial sector include videoconferencing and dedicated video channels. For more information on ClearWorks' services, please see the company's press releases on Yahoo's YHOO stock quote service at quote.yahoo.com. Visit ClearWorks online at www.clearworks.net or contact David Drake at 713/267-2328 / daviddrake@earthlink.net for more information. Certain statements in this release are forward-looking. Although ClearWorks Technologies, Inc. (the Company) believes its expectations are based on reasonable assumptions within the bounds of its knowledge of its business and operations, there can be no assurance that actual results will not differ materially from its expectations. Merger Communications (Merger) is a media relations firm employed by the Company. Statements and opinions presented here represent the views of the Company, not Merger, as the release is based on information provided by the Company. Merger and the Company believe that all information in this release has been obtained from sources considered reliable, but cannot guarantee that the statements presented herein are accurate or complete. Merger's compensation for its media relations services consists of a fee and stock. Merger can have a long position in the securities of the companies in which it distributes information for media use, and may be buying or selling securities in the course of its regular business.