ARIS Corporation to Acquire fine.com International; Integrated E-Commerce and Interactive Web Solutions To Be Added to Consulting Portfolio.BELLEVUE, Wash.--(BUSINESS WIRE)--May, 18, 1999-- ARIS ARIS American Religious Identification Survey ARIS Architecture of Integrated Information Systems ARIS Active Rack Isolation System ARIS Aggregate Route-based IP Switching ARIS Agentia Romana pentru Investitii Straine Corporation (Nasdaq:ARSC ARSC Arctic Region Supercomputing Center ARSC Association for Recorded Sound Collections ARSC Accounting and Review Services Committee ARSC Aircraft Repair and Supply Center (USCG) ARSC Arizona Remote Sensing Center ), a leading provider of international IT consulting, training and software, announced today that it has reached a definitive agreement to acquire all of the outstanding stock of fine.com International (Nasdaq:FDOT FDOT Florida Department Of Transportation ) for $12.25 million or approximately $4.55 per share in ARIS stock or a combination of stock and cash. The acquisition significantly expands ARIS' capability in delivering Web-based solutions including strategic web consulting, creative design and technical development. "During the first quarter, we were engaged in more than 40 e-business projects, generating over $2.5 million in revenue," said Paul Song, 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. of ARIS Corporation. "The acquisition of fine.com should nearly double our e-business capability in this high-growth market. Their strengths in creative Web design, e-business strategic planning Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people. and e-marketing perfectly compliment our strong enterprise application and integration expertise." "fine.com has been a pioneer in Internet consulting, building a distinguished customer base that includes Amway Corporation, General Electric, Marriott International Marriott International, Inc. (NYSE: MAR) is a worldwide operator and franchisor of a range of value and luxury hotels and related lodging facilities. Marriott currently has 2,300 accommodation properties in North America alone. , Inc., Microsoft Corporation (company) Microsoft Corporation - The biggest supplier of operating systems and other software for IBM PC compatibles. Software products include MS-DOS, Microsoft Windows, Windows NT, Microsoft Access, LAN Manager, MS Client, SQL Server, Open Data Base Connectivity (ODBC), MS Mail, , Mitsui & Co. LTD LTD 1 Laron-type dwarfism 2 Leukotriene D 3 Long-term depression, see there 4. Long-term disability of Japan, the Nasdaq-Amex Stock Market and Intel Corporation (company) Intel Corporation - A US microelectronics manufacturer. They produced the Intel 4004, Intel 8080, Intel 8086, Intel 80186, Intel 80286, Intel 80386, Intel 486 and Pentium microprocessor families as well as many other integrated circuits and personal computer networking . We are very excited about the capabilities and opportunities in the emerging e-business market that fine.oday's digital economy." fine.com has ovetional Data Corporation expects Internet-based e-commerce to grow from $32 billion in 1999 to over $425 billitalize on the tremendous opportunity created by the Internet," said Dan Fine, CEO of fine.com. "Together we highest strategic, creative and technical levelsustomers immediately. ARIS expects the transaction to close sometime during the third quarter. ARIS wihe agreement, ARIS will pay up to $12.25 millionp to $5.25 million cash, depending upon the avewould receive one million shares of ARIS stock h00, plus $1.5796). Each company's Board of Directors has unanimously approved the transaction. The acqupracticable after August 15, 1999, following satisfaction or waiver of all conditions to closing contained in.com International fine.com INTERNATIONAL com clients include leading Global 1000 companieogy solutions that enable companies and governmm Microsoft, Oracle, Lotus, PeopleSoft, Cyborg,h over 800 employees worldwide. Its corporate headquarters are located in Bellevue, WA. Forward Looking Statements 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. concerning the closing of the proposed acquisition and the business synergies anticipated from the acquisition. Actual events and results could differ materially from those described in these forward-looking statements due to a number of factors, which include the fact that the acquisition is conditioned on the approval of the stockholders of fine.com and uncertainties as to the ability of ARIS to integrate the operations of fine.com with its own, to retain and motivate key personnel, to retain fine.com's existing and prospective customers and to adapt its products and services to the highly competitive and rapidly changing Internet market. Forward-looking statements reflect the opinions and expectations of management at the time the statements are made. ARIS does not undertake any obligation to update forward-looking statements should circumstances or management's opinions and expectations change. |
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