$1.1 Million U.S. Financing Agreement Completed.Business Editors COMDEX The former, premier computer trade show in the U.S. Although it grew into an end user event, it was originally created for dealers and distributors (it was the COMputer Dealers EXposition). Fall 2000 Booth No. P359 BOCA RATON, Fla.--(BUSINESS WIRE)--Nov. 13, 2000 LinuxWizardry Systems, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: LNXWF) is pleased to announce that it has successfully completed an agreement to raise $1.1 million US with a private company located in Beverly Hills, California. The financing arrangement includes warrants to the investors that will enable them to purchase additional treasury shares and stock options to the company that arranged the financing. The agreement includes an investor relations program for LinuxWizardry Systems, Inc. These funds will be allotted for sales and marketing for our Linux based Apprentice Router and our Magic Passage VPN network appliance and accounts payable. Mike Carpenter, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of LinuxWizardry Systems, Inc. states "these funds will greatly assist the Company to be an aggressive player in the exploding Linux enterprise arena." The Company also wishes to announce that we will be at the world famous COMDEX show in Las Vegas starting on November 13, 2000, all interested parties and shareholders are welcome to visit our booth (P359) at the Sands Convention Center. ABOUT LINUXWIZARDRY SYSTEMS, INC. LinuxWizardry Systems, Inc. (www.lnxwf.com) with its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , LinuxWizardry, Inc. is a Linux company specializing in network appliances and enterprise computing. The Apprentice Router is expected to make a significant impact in the small office, home office (SOHO Soho (sōhō`, sə–), district of Westminster, London, England, known for its continental restaurants. Once a fashionable quarter, it became popular among writers and artists in the 19th cent. ) market. Competitors in this market include Cisco Systems (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : CSCO), Alcatel (NYSE NYSE See: New York Stock Exchange : ALA), and Nortel Networks Corp. (NYSE: NT). LinuxWizardry also develops and will manufacture hardware for end-to-end networking solutions for business. According to International Data Corp. (IDC) the worldwide installed base of routers will more than double from 1999 to 2004 with nearly 18 million routers at work worldwide. Global revenues for economically priced router solutions are expected to reach $2.6 billion by 2004. |
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