APEX Interactive And NEXUS Of Japan Partner To Form APEX Japan Inc.Business Editors/High Tech Writers MILWAUKEE--(BUSINESS WIRE)--March 16, 2000 APEX apex (a´peks) pl. apexes, a´pices [L.] tip; the pointed end of a conical part; the top of a body, organ, or part.ap´ical apex of lung the rounded upper extremity of either lung. Interactive to license proprietary technologies to new company APEX Interactive, Inc. announced today that it has entered into an agreement with NEXUS See Nexus (of contracts. of Japan to provide e-commerce e-commerce, commerce conducted over the Internet, most often via the World Wide Web. E-commerce can apply to purchases made through the Web or to business-to-business activities such as inventory transfers. development and marketing services to the Japanese marketplace through the formation of APEX Japan Inc. The new company will be based in Tokyo, with operations beginning April 1, 2000. Under the agreement, APEX Interactive, a Milwaukee-based Web development and marketing company, will be a significant minority shareholder of APEX Japan Inc., with NEXUS being the majority owner. APEX Interactive will receive a multi-million dollar licensing fee as well as a percentage of ongoing revenue from NEXUS for at least 15 years. In addition, NEXUS will invest $3 million in APEX Interactive, in return for an undisclosed equity stake in the company. "NEXUS was seeking a partner 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. that has unique strategic e-commerce capabilities and leading-edge technology," says Mr. Yoshitsugu Takayama, the executive director of NEXUS. "APEX Interactive has the level of experience and proven track record necessary to provide the advantages needed in the fast-growing electronic marketplace in Japan." "The agreement with NEXUS and formation of APEX Japan positions APEX Interactive as a global player in the area of e-commerce," says Joseph Wirtz, president of privately held APEX Interactive. "We can now put our proprietary technologies to work in Japan and hope to do the same in other countries in the near future. We plan to stay ahead of the tide when it comes to expanding e-commerce capabilities in the global marketplace." APEX Japan Inc is slated to go public in April 2001. APEX Interactive Inc. (www.APEXinteractive.com) is a Web development and marketing company that applies advanced technology and marketing strategies to create, host, maintain and increase sales at e-commerce sites. The company is dedicated to providing results-oriented e-commerce, giving businesses throughout the world a competitive edge in effectively selling products and services on the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the . Since its founding in 1997, APEX Interactive has built hundreds of sites in a wide variety of industries. The company, with offices in Milwaukee, Wis adv. 1. Certainly; really; indeed. v. t. 1. To think; to suppose; to imagine; - used chiefly in the first person sing. present tense, I wis. See the Note under Ywis. ., and Chicago, Ill., projects revenue of $43 million in 2000. NEXUS (www.Nexus.co.jp) is a 10 year old communications company Communications Company is a communications unit of the United States Marine Corps. They are part of Combat Logistics Regiment 37 , 3rd Marine Logistics Group (3MLG) and III Marine Expeditionary Force (III MEF). The unit is based out of the Marine Corps Base Camp Smedley D. based in Osaka, Japan, with annual sales of $345 Million (U.S.) in the past fiscal year. Products include communications equipment, office automation equipment and communications networks The transmission channels interconnecting all client and server stations as well as all supporting hardware and software. . |
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