(SRDW)(GDIS) Superus Holdings Provides Update on Pending Acquisition of Global DataTel, Inc.Business Editors SAN FRANCISCO--(BUSINESS WIRE)--June 27, 2000 Acquisition Progresses: Superus Executes Pledge Agreement and Takes Effective Control of Assets Surge Components, Inc. d/b/a Superus Holdings (Nasdaq: SPRS SPRS Socialist Party of Republika Srpska (Bosnia and Herzegovina) SPRS Swedish Polar Research Secretariat SPRS Spares Priority Release Sequence SPRS Single Passenger Reservation System SPRS Special Purpose Reconnaissance System , SPRSW; BSE See Bombay Stock Exchange. BSE See Boston Stock Exchange (BSE). : SRD SRD Suriname Dollar (ISO currency code) SRD Sustainable Resource Development (Alberta, Canada) SRD Short Range Devices (wireless networking) SRD System Reference Document , SRDW; GDIS GDIS General Dynamics Information Systems GDIS Guam Data Interface System GDIS Global Distribution Images System ) today announced that it has executed a pledge agreement ("Agreement") and taken effective control of the assets of Global DataTel, Inc., one of the Companies it intends to acquire pursuant to the terms set forth in the S-4 Registration Statement currently on file with the SEC. Under the terms of the Agreement, the Board of Directors and a sufficient number of shareholders of Global DataTel have consented to pledge all of the company's assets and certain of its liabilities to Superus Holdings in furtherance of satisfying a condition precedent condition precedent n. 1) in a contract, an event which must take place before a party to a contract must perform or do their part. 2) in a deed to real property, an event which has to occur before the title (or other right) to the property will actually be in the to closing the sale of such assets to Superus. Superus, per the Agreement, now effectively controls the assets of Global DataTel, and will retain actual title to those assets upon shareholder and regulatory approvals associated with the pending S-4 Registration Statement (the "Approvals"). At that time Superus will also close the acquisition of MailEncrypt.com, Inc. (also referenced in the pending S-4) which is otherwise unaffected by this Agreement. "By taking control of the assets of Global DataTel, Superus has taken a meaningful step toward executing its strategic plan to create the only U.S.-based public holding company whose operating companies develop Internet superstructure for businesses in emerging economies," said Superus Holdings's Chairman and C.E.O. Adam Epstein. "With the anticipated close of this acquisition, Global will play an integral role in enabling access to Internet-related hardware, software, and services to Latin American businesses, which is a dynamic and compelling marketplace." In conjunction with the Agreement, Richard Baker Richard Baker is the name of several well-known people, including:
The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of Global DataTel, will assume additional duties as interim C.E.O. Serrato was previously a Vice President of Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. with the IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) Corporation. About Superus Holdings Upon receipt of the Approvals, Superus Holdings, Inc. will operate and acquire companies that develop Internet superstructure for businesses in emerging economies, with its first area of focus being Latin America. The constituent operating companies are: Global DataTel, Inc., a leader in medium to large Web/system integration projects in Latin America. A First Tier IBM Business Partner, Global integrates hardware, software, and highly scaleable Web-based solutions. e-HOLA.com, a wholly-owned subsidiary of Global DataTel, Inc. provides Internet solutions to Latin America. e-HOLA offers business ISP (1) See in-system programmable. (2) (Internet Service Provider) An organization that provides access to the Internet. Connection to the user is provided via dial-up, ISDN, cable, DSL and T1/T3 lines. services, hosting/ASP solutions, packaged and customized Internet products, as well as training and customer service. e-HOLA is a distribution channel for best-of-breed web technology solutions tailored to the needs of Latin American companies. MailEncrypt.com, Inc. is a business-to-business, web-based provider of encrypted e-mail solutions, poised to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. substantial privacy concerns associated with the rapid worldwide proliferation of e-mail. The Company will offer its services to government agencies, financial institutions, health care organizations, insurance, law and accounting firms, e-commerce companies and large e-mail providers, among others, in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . MailEncrypt will also join forces with Global DataTel and e-HOLA to provide its services in Latin America and other emerging Internet economies. Surge Components, Inc. is a supplier of high quality electronic components. Its product mix includes a large selection of high-performance discrete semiconductors, capacitors and discrete components. Its factories are ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9000 quality certified. Surge products are used by manufacturers of products such as, among others, computer and telecommunications equipment, security equipment, power supplies, audio and various consumer products in the United States. Surge intends to sell to similarly situated similarly situated adj. with the same problems and circumstances, referring to the people represented by a plaintiff in a "class action," brought for the benefit of the party filing the suit as well as all those "similarly situated. manufacturers abroad in conjunction with Global DataTel, and its subsidiaries. This press release contains forward-looking statements regarding Surge's, MailEncrypt's and Global DataTel's business strategies and future plans of operations. Forward-looking statements involve known and unknown risk and uncertainties. The Companies' risks and uncertainties include their ability to complete the merger, acquisition and recapitalization, obtain shareholder and other necessary approvals, the merged entity's ability to combine and work together and grow the Companies, periodic downturns in their respective industries, dependence on the Internet, timely acceptance of new products and intense price competition in their respective industries. These and other important factors, including those mentioned in various filings with the Securities and Exchange Commission made periodically by the Companies (available at http://www.sec.gov) may cause the actual results and performance to differ materially from the future results expressed in or implied by such forward-looking statements. The forward-looking statements contained in this press release speak only as of the date hereof and the Companies disclaim any obligation to provide public updates, revisions or amendments to any forward-looking statements made herein to reflect changes in the Companies' expectations or future events. A Registration Statement relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc Surge's securities has been filed with the Securities and Exchange Commission, but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the Registration Statement becomes effective. The Registration Statement (Number 333-32790) along with all exhibits is available at no charge at http://www.sec.gov and should be read by all investors. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. |
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