To: HG who wrote (25882 ) 4/29/1999 3:07:00 PM From: ErnestPoe Respond to of 50167
HNLY. News here. Henley in Discussions With Computerbucks MIAMI--(BUSINESS WIRE)--April 29, 1999--The Henley Group, Inc. (OTC BB:HNLY) has entered into discussions with Carlton A. Glassford, CEO and founder of The ComputerBucks Club, Inc. to acquire an interest in ComputerBucks. ComputerBucks is a network marketing organization. In addition, Henley will acquire pertinent proprietary technologies developed by ComputerBucks, which also includes 3-dimensional artwork and the future of Virtual Reality Chat rooms and Game Rooms. This will enable The Henley Group to have the ability to complete their Virtual Reality Training Center through their subsidiary Imagineering Art. Henley is the parent corporation of NuTech Alliance Group, Inc., Magra Computer Technologies, Inc. (CND:MGRA), and Imagineering Scientific and Technical Artwork, Inc. (www.imagineeringart.com). There is a definite fit between Imagineering Art and ComputerBucks, specifically because of Imagineering Art real-life artwork and design capabilities, Imagineering Art is an industry leader specifically in the medical art industry. Imagineering Art is known for their detailed artwork of the internal and external parts of the human body and advanced knowledge of 3-dimensional artwork. Imagineering Art is a major supplier to large publishing companies providing the artwork for medical books and catalogs. This type of expertise is of particular interest to future Virtual Reality endeavors of ComputerBucks and The Henley Group. Every illustrator at Imagineering Art is required to have a minimum of 2 years medical training as well as advanced graphic art and design capabilities. Imagineering Art stands alone in its ability to pursue 3-Dimensional Virtual Reality Training in the Medical Industry. Glassford stated, "We intend to combine the management of The Henley Group, the systems integration talents of Magra Computer Technologies, the advanced 3-dimensional artwork and design of Imagineering Art, and the advanced experience and knowledge of ComputerBucks to create a cohesive team of experts." In addition to the Virtual Reality Chat Rooms, Game Rooms, and Virtual Reality Training Centers, The Henley Group and ComputerBucks will immediately opening an online Shopping Mall which will feature over fifty thousand brand name computer products in a safe and secure server environment. The ComputerBucks Club, Inc. is one of the only company's in the world that offers its buying public a Catalog-On-Disk Program which can be used to select from thousands of brand name computer products offline. It appears that Magra will soon be the second. Customers will be able to create their purchases offline and then simply upload their orders via fax or email in addition to the online ordering capabilities. Glassford has successfully sold products throughout the world and has established longstanding clients in many countries. "Most mail order companies (on the Internet) do not want to ship products to customers outside of the US or Canada. We intend to reestablish ourselves as a worldwide shopping center," commented Glassford. Senior Advisor for Magra Computer Technologies, Inc. Brian Selzer said, "I am very enthusiastic about this new venture and the direction of our companies." In addition to working with Glassford, Selzer is looking forward to developing even stronger business relations with clients and contacts he has in South Africa later this year. Magra Computer Technologies, Inc. is a full-service systems integration company that offers ongoing maintenance contracts to Fortune 500 Companies. Magra prides itself on its conscientious selections of high-end products for its customers and its after-sales and support services. Magra operates its own multi-unit Sun SPARCServer 20 Cascade Dataflow and Imageflow File Servers, MDI Optical Jukebox, multiple hubs, and a combination of Macintosh and PC's on Token Ring and Ethernet topologies, backboned on T1 lines and other hi-tech related equipment. In addition to high-end systems integration and support, Magra hosts secure server network communications and Web sites for Fortune 500 companies in Canada and abroad. CONTACT: The ComputerBucks Club Carlton A. Glassford, 941/794-5171 carlton@computerbucks.com or The Henley Group, Miami Daisy Campos, 305/438-0020 henleydaisy@msn.com or Magra Computer Technologies Brian Selzer, 905/761-2150 ext. 223 KEYWORD: FLORIDA