AlphaServ.com Selects Investment Banker to Seek Private Placement and Assist in Proposed Spin-off of Internet Division.SANTA ANA Santa Ana, city, El Salvador Santa Ana (sän'tä ä`nä), city (1993 pop. 129,873), W El Salvador. It is the second largest city in the country and the commercial and processing center for a sugarcane, coffee, and cattle region. , Calif.--(BUSINESS WIRE)--March 17, 1999--Alpha Microsystems (Nasdaq: ALMI ALMI Application Level Multicast Infrastructure ALMI Automated Listing and Mapping Instrument (US Census Bureau) ), now doing business as AlphaServ.com, a premier provider of true multi-vendor services to the information technology marketplace which also markets Internet technology to businesses through its AlphaCONNECT Internet division, has engaged an investment banker Investment Banker A person representing a financial institution that is in the business of raising capital for corporations and municipalities. Notes: An investment banker may not accept deposits or make commercial loans. to assist with a private placement of common equity or equity-related securities, and with structuring a proposed spin-off The situation that arises when a parent corporation organizes a subsidiary corporation, to which it transfers a portion of its assets in exchange for all of the subsidiary's capital stock, which is subsequently transferred to the parent corporation's shareholders. of its AlphaCONNECT Internet division. Separately, SalomonSmithBarney, recently engaged by the company to evaluate strategic options pertaining per·tain intr.v. per·tained, per·tain·ing, per·tains 1. To have reference; relate: evidence that pertains to the accident. 2. to the possible sale of the AlphaCONNECT Internet division or of the technology, will continue to pursue those options. "This engagement of an investment banker known for its expertise in the Internet technology arena allows the company to strengthen the breadth of available opportunities," commented AlphaServ.com Chairman, Chief Executive Officer and President Douglas J. Tullio. "Our goal remains the same -- to maximize the full potential of AlphaCONNECT for the company and for our shareholders." Amount, terms and timing of such private placement have not yet been determined. Any private placement is dependent on locating investors and structuring an investment acceptable to the company. The securities have not been and will not be registered under the Securities Act of 1933 and may not be sold without registration or an applicable exemption from registration requirements. About AlphaServ.com AlphaServ.com is dedicated to being a premier provider of true multi-vendor services to the IT marketplace, including on-site network support and nationwide on-call support through over 60 locations throughout North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . For more information, visit the company's Web site at www.alphamicro.com or www.alphaserv.com. About AlphaCONNECT AlphaCONNECT, a division of AlphaServ.com, offers powerful foundation technologies for business intelligence software serving the Internet, intranet, corporate information technology, and software development markets. Both AlphaServ.com and its independent vendor partners use AlphaCONNECT to create awarded-winning business-to-business and consumer-based products. For more information, visit the company's Web site at www.alphaconnect.com. Certain statements in this news release are "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 company's ability to effect a proposed private placement of common equity or equity-related securities and the proposed spin-off of the company's Internet division involve known and unknown risks and uncertainties, including (i) the ability to locate investors acceptable to the company and to structure terms acceptable to the company, and (ii) the advisor's ability to provide a vehicle to spin-off the company's AlphaCONNECT Internet division that is acceptable to the company. Readers are cautioned not to place reliance on these forward-looking statements, which speak only as of the date hereof. This does not constitute an offer by the company to sell or a solicitation solicitation In criminal law, the act of asking, inducing, or directing someone to commit a crime. The person soliciting another becomes an accomplice to the crime. The term also refers to the act of obtaining bribes, as well as to the crime of a prostitute who offers sexual of an offer to buy securities. |
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