2Energia ``A National Success Story'' Featured at WallStreetCorner.com.Business Editors/High-Tech Writers DALLAS--(BUSINESS WIRE)--March 11, 2003 2Energia Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :TWEN TWEN The West Education Network ) has been featured in a profile posted as a Special Situation at http://www.WallStreetCorner.com. The editors conclude: "IT companies like 2Energia are in high demand. Outsourcing (1) Contracting with outside consultants, software houses or service bureaus to perform systems analysis, programming and datacenter operations. Contrast with insourcing. See netsourcing, ASP, SSP and facilities management. and consulting has become a huge and growing sector of our nation's economy. Over the past few years, there has been a growing trend towards out-sourcing IT needs to companies like 2Energia. It has become a multi-billion dollar business, employing millions of people on a contract basis. Over a five-year period, a well-managed IT firm can easily grow into a nation-wide business, employing tens of thousands of consultants and achieving hundreds of millions of dollars in annual revenues. "We believe 2Energia has the management team and business strategy to become that kind of a national success story. The fact that it just received a contract worth $30 million appears to be a good indication that it is on the right track. In addition, its $12 million pending contract should be closed by the time you read this. These two contracts alone, received during the first week of March 2003, are a good indication that the potential of this situation is quite interesting." About WallStreetCorner: Formed four years ago as a venue for the Conservative Speculator Speculator A person who trades (i.e. derivatives, commodities, bonds, equities or currencies) with a higher-than-average risk, in return for a higher-than-average profit potential. newsletter, published since 1987, WallStreetCorner, including Conservative Speculator and Oakley's "Stock Pick," "Opinion," and "Comment" editorial columns, is now regularly read by investors in 65 countries. About 2Energia: 2Energia is a rapidly-growing total solutions provider, offering staffing and long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. contract consulting services Noun 1. consulting service - service provided by a professional advisor (e.g., a lawyer or doctor or CPA etc.) service - work done by one person or group that benefits another; "budget separately for goods and services" in the following specialty areas: Information Technology, Technical Services, Software/Programming and Call Center Services. This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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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