Acquisition of Information Technology Provider, EAsy/IP Limited, Has Been Completed by EuroTelecom Communications Inc.LONDON--(BUSINESS WIRE)--April 23, 1999-- EuroTelecom Communications (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: EUTC EUTC Equivalent Unité à Temps Complet ) announced today that the acquisition of EAsy/IP Limited has been completed. This acquisition by EuroTelecom gives each company significant new product distribution channels for launching multiple, advanced stage computer networking
Computer networking is the engineering discipline concerned with communication between computer systems or devices. products and services. Total sales by EAsy/IP for the financial year ending in March 1999 are expected to be $ 1.92 million and are projected to increase to approximately $4.5 to $5.0 million for the year 2000. Both companies are aggressively marketing their combined product and service offerings and are also evaluating new, high quality products for their expanded distribution channels. The two companies also plan to introduce leading edge networking security products that will maximize their combined expertise and market share in the exponentially ex·po·nen·tial adj. 1. Of or relating to an exponent. 2. Mathematics a. Containing, involving, or expressed as an exponent. b. growing I.T. Security industry. EAsy/IP provides leading edge applications for advanced networking solutions that cross all industry sectors and is a specialist supplier of software and hardware used in the Information Technology arena. With this acquisition, EuroTelecom now has direct access to a retail customer base of over 350 major resellers in the United Kingdom. EAsy/IP now has access to established distribution channels 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. . EuroTelecom Communications Inc. (http://www.eurotelecom.co.uk) supplies Information Technology systems and networking infrastructures to telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. operators, systems integrators An individual or organization that builds systems from a variety of diverse components. With increasing complexity of technology, more customers want complete solutions to information problems, requiring hardware, software and networking expertise in a multivendor environment. , corporations, financial institutions, governments, and defense organizations. The Company conducts its world wide business from the United States, the United Kingdom, Europe, and Japan. The foregoing press release contains forward looking statements, and any statements contained in this Press Release that are not statements of historical fact may be deemed to be forward looking. These statements by their nature involve substantial risks and uncertainties and actual results may differ. |
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