AIMS Worldwide to Purchase Target America, Inc.Business Editors FAIRFAX, Va.--(BUSINESS WIRE)--April 20, 2004 AIMS Worldwide, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AMWW) a vertically integrated marketing services, communication and media property company, announced today that it has signed a letter of intent to acquire Target America, Inc. Target America is a private 'digital' marketing consulting group headquartered in Fairfax, Virginia Fairfax is an independent city forming an enclave within the confines of Fairfax County, in the Commonwealth of Virginia. Although politically independent of the surrounding county, the City of Fairfax is nevertheless its county seatGR6. that provides databased services for fundraising, one-to-one marketing managers and purpose-specific marketers. Upon 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. by all parties, AIMS and Target America intend to enter into a definitive agreement that will result in Target America becoming a wholly-owned subsidiary of AIMS Worldwide. "As a member of AIMS' core family of companies, we expect Target America to help nonprofit organizations broaden their donor bases and tap into the $180 billion-plus individual Americans contribute to charity," says AIMS president and 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. Gerald Garcia Gerald Garcia (born 1949 in Hong Kong) is a classical guitarist and composer. After studying chemistry at Oxford University, he became a professional musician, making his debut at the Wigmore Hall in London. Jr. "We also intend to expand the program to other marketers who are looking to create one-to-one relationships that result in greater levels of market penetration Noun 1. market penetration - the extent to which a product is recognized and bought by customers in a particular market penetration - the act of entering into or through something; "the penetration of upper management by women" ." Target America founder and CEO James F. McGee agrees. "Our database management tools and expertise enhance annual giving programs, planned gifts, event participation, membership management, giving club movement, patient programs, major gift acquisition and capital campaigns in every nonprofit space." McGee, who will continue to serve as president and CEO, also notes, "AIMS materially expands our 'digital' marketing practice into the commercial world of one-to-one relationships." AIMS Worldwide is a publicly-held company and an emerging leader in designing, developing and managing one-to-one marketing solutions at the lowest possible cost to large and mid-sized businesses. AIMS is accelerating its growth by targeting and acquiring a group of media and marketing communications companies. AIMS recently acquired ATB ATB Antibiotic ATB All The Best ATB Ability to Benefit ATB André Tanneberger (musician) ATB Across the Board ATB Active Time Battle (roleplaying game) ATB All Terrain Bike ATB Alberta Treasury Branches Media and completed a technology license agreement with Advocast, Inc. in Washington, DC. The company has also signed letters of intent to acquire Harrell Woodcock woodcock: see snipe. woodcock Any of five species (family Scolopacidae) of plump, sharp-billed migratory birds of damp, dense woodlands in North America, Europe, and Asia. Linkletter, a private strategy, planning and marketing consulting group based in Ft. Pierce, Florida; the assets of Prime Time Cable in Orlando, Florida; and a number of other companies in marketing communication services and media properties. Forward-Looking Statements This release includes certain statements that may be deemed to be "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. All statements in this release, other than statements of historical facts, that address future activities, performance, events or developments are forward-looking statements. Although AIMS Worldwide, Inc. believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion