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2Energia & ProActive Computer Services Announce Signing of Binding Letter of Intent to Acquire Fingerprint Technology Identification Business.


Business Editors/High-Tech Writers

DALLAS--(BUSINESS WIRE)--March 20, 2003

The Board of Directors of 2Energia, Inc. (OTC OTC

See: Over-the-counter.


OTC

See over-the-counter market (OTC).
:TWEN TWEN The West Education Network ) and ProActive Computer Services Data processing (timesharing, batch processing), software development and consulting services. See service bureau, SaaS and ASP. , Inc. (OTC:PAVP PAVP Planet Aliens Versus Predator (game site) ) are pleased to announce that the companies have entered into a binding Letter of Intent (LOI LOI Letter of Indemnity (international trade and carriage business)
LOI Letter Of Intent
LOI Loss On Ignition
LOI Letter of Inquiry
LOI Lack Of Information
LOI Lack of Interest
LOI Letter of Invitation
LOI List Of Items
) to acquire a privately-owned fingerprint technology identification business. Closing is contingent upon Adj. 1. contingent upon - determined by conditions or circumstances that follow; "arms sales contingent on the approval of congress"
contingent on, dependant on, dependant upon, dependent on, dependent upon, depending on, contingent
 satisfactory completion of due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired.  studies now underway by 2Energia and ProActive.

The fingerprint technology business to be acquired by 2Energia and ProActive offers potentially large gross margins and the strong possibility of generating positive earnings in the first year of operations; initial indications are that this situation could generate an estimated $50 million in revenues by 2005.

The primary product of this privately-held business is an ultra-miniature stand-alone module with a fingerprint sensor for use in external biometric applications (e.g., fingerprints would control access into secured areas). The accuracy of the fingerprint identification sensors is reportedly over 99.7%. Potential applications for this are extensive, and could include: employee identification, keyless entry keyless entry: see lock and key.  into vehicles, airplanes, hotel rooms, computers, ATM and voting machines. This technology could also have significant potential military applications. Manufacturing and operating costs appear to be comparable to those of traditional locking systems.

Under the terms of the LOI, 2Energia would provide development financing and sales / marketing services to the venture, with ProActive contributing their project management, system architecture, application development and technology design expertise. Both companies are firmly committed to fast-tracking development of this technology, with the goal of bringing products to market by 2004.

Carey W. Cooley, ProActive's President & 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. , stated: "ProActive is very excited about the opportunity to jointly develop this exciting new biometric security technology with 2Energia. As an employee identification system, this technology will enhance security and accuracy for our current payroll and time and expense services. We also believe that this technology has tremendous potential to increase security across the board, particularly in light of the heightened emphasis on national security."

Tim Jacobs, 2Energia's Director of Business Development, added: "This opportunity compliments other security software and technology products that 2Energia has under development, and we are very excited about the opportunity to work with ProActive to fast-track commercialization of all these products. We are also very excited to have found a situation that can be acquired on favorable terms and that could deliver significant value to TWEN shareholders in 2004 and beyond."

About 2Energia

2Energia is a rapidly-growing total solutions provider, offering staffing and long-term contract consulting services in the following specialty areas: Information Technology, Technical Services, Software / Programming and Call Center Services. 2Energia strives to achieve clients' business objectives through the appropriate use and implementation of technology. 2Energia's management team brings more than three decades of application management experience and proven track records of building successful and profitable IT consulting and technical firms.

About ProActive Computer Services Inc.

Founded in 1994, ProActive Computer Services Inc. (http://www.pacsi.com) is an Internet-based business process outsourcing Business process outsourcing (BPO) is the contracting of a specific business task, such as payroll, to a third-party service provider. Usually, BPO is implemented as a cost-saving measure for tasks that a company requires but does not depend upon to maintain its position in  (BPO BPO Business Process Outsourcing
BPO Benevolent & Protective Order (of Elks of the USA)
BPO Benzoyl Peroxide
BPO Business Process Optimization
BPO Broker Price Opinions
BPO Buffalo Philharmonic Orchestra
) service provider for small and mid-sized businesses. ProActive offers services designed to help businesses leverage Web technologies to increase their visibility, client base and revenue while streamlining their internal administrative, collaborative and communication processes. ProActive offers online business process outsourcing services through its BizTeam division (http://www.bizteam.com) and Internet services including small business Web hosting through its WebTwister division (http://www.webtwister.com).

This press release contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and  of 1995 (the "Act"), as well as Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. In particular, when used in the proceeding discussion, the words "plan," "confident that," "believe," "expect," or "intend to" and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor Safe Harbor

1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated.

2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive.
 created by the Act. Such statements about the Company's future expectations, including future revenues and earnings, and all other forward-looking statements are subject to certain risks and uncertainties that are subject to change at any time, and the Company's actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, market conditions, the availability of components for, and delays in the start of production, general acceptance of the company's products and technologies, competitive factors, the ability to successfully complete additional financing and other risks.
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Publication:Business Wire
Date:Mar 20, 2003
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