(BSNS WIRE) ClearWorks.net Acquires Fast-Growing Systems-Integration Fir
ClearWorks.net Acquires Fast-Growing Systems-Integration Firm, Reorganizes to
Provide Across-the-Board Bundled Digital Services
Business Editors & Technology Writers
HOUSTON--(BUSINESS WIRE)--May 18, 1999--ClearWorks.net
(OTC BB:CLWK), a Houston-based high-tech company that is pioneering the
concept of bundled digital services in residential and commercial
developments, announced today that it has completed its acquisition of
Archer Mickelson Technologies, L.L.C., a fast-growing
systems-integration firm in Houston.
Archer Mickelson's impressive group of corporate clients includes
Maxxam Inc. (AMEX:MXM) and Casa Ole Restaurants (Nasdaq:CASA), as
well as many other Fortune 500 companies, all of which will be added
to ClearWorks' existing customer base.
All existing Archer Mickelson clients are being offered the
opportunity to use ClearWorks' bundled digital services in their
office environments. These include dial tone and digital long-distance
service, high-speed Internet connectivity at speeds 2,000 times faster
than a standard 56k-modem dial-up, videoconferencing and dedicated
video channels.
According to Michael T. McClere, ClearWorks CEO, the high-quality
management team at Archer Mickelson, headed by president Brian
Mickelson, will form the core of ClearWorks' new ClearWorks
Integration Services Inc. subsidiary.
"Archer Mickelson is profitable," said McClere, "and will add an
estimated $3-$4 million to our 1999 revenues. But more importantly,
Brian Mickelson and his staff give ClearWorks a running head start as
we expand our dominant position in the field of bundled digital
services."
ClearWorks.net is a turnkey provider of voice, data and video
services for commercial, residential and educational customers. The
company's goal is to become the industry leader in voice, data and
video solutions by integrating technology and technology-based
companies into a corporate structure focused on delivering a suite of
digital services to its clients.
Earlier this month, ClearWorks.net announced that it has
commenced production of a proprietary set-top box for the delivery of
its bundled digital services to homeowners in new residential
communities. The company's unique set-top box design will provide
homeowners with full functionality of a personal computer, with the
integrated ability to deliver high-quality video streams utilizing
Internet Protocol (IP) technology.
In recent weeks, ClearWorks.net has reorganized into major
operating subsidiaries that includes ClearWorks Residential Services
Inc., which will continue to serve the residential market with bundled
digital services, ClearWorks Commercial Services Inc., which will
provide digital services to office buildings and the commercial
sector, and the new ClearWorks Integration Services Inc. subsidiary.
"There is an enormous market for the Integration Services unit,"
McClere said. "By assimilating the Archer Mickelson team into
ClearWorks, we can capitalize on their expertise and knowledge,
speeding up our market penetration."
All existing Archer Mickelson clients are being offered the
opportunity to use ClearWorks' bundled digital services in their
office environments. These include dial tone and digital long-distance
service, high-speed Internet connectivity at speeds 2,000 times faster
than a standard 56k-modem dial-up, videoconferencing and dedicated
video channels.
ClearWorks enjoys a strategic relationship with IBM (NYSE:IBM),
integrating IBM solutions to residential customers by implementing
IBM's Home Director technology into new homes. Home Director allows
for a technology infrastructure to be built into the home, including
advanced wiring, closed-circuit TV, a local area network and telephone
distribution capabilities.
ClearWorks Residential Services announced in March its first
contract to provide bundled digital services to 1,200 new homes in the
Canyon Gate at Northpointe subdivision in Houston, located about one
mile from the headquarters of Compaq Computer (NYSE:CPQ). Later that
same month, ClearWorks contracted to provide similar services at the
1,500-home Canyon Gate at Cinco Ranch development west of Houston.
For more information on ClearWorks' services, please see the
company's press releases on Yahoo's (Nasdaq:YHOO) stock quote service
at quote.yahoo.com. Visit ClearWorks online at www.clearworks.net or
contact David Drake at 713/267-2328 or daviddrake@earthlink.net for
more information.
Certain statements in this release are forward-looking. Although
ClearWorks.net (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.
--30--SL/na*
CONTACT: Merger Communications, Houston
David Drake, 713/267-2328
daviddrake@earthlink.net
KEYWORD: TEXAS
INDUSTRY KEYWORD: REAL ESTATE BUILDING/CONSTRUCTION COMED
COMPUTERS/ELECTRONICS INTERACTIVE/MULTIMEDIA/INTERNET MERGERS/ACQ
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