AmeriCom, Telespace Mutually Cancel Merger Agreement.ARROYO GRANDE, Calif.--(BUSINESS WIRE)--Sept. 22, 1999-- Telespace Ltd. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:TLTD TLTD Trivial Logical Topology Design ) and AmeriComUSA Inc. Wednesday announced the cancellation of a previously announced (July 19) merger agreement. AmeriCom's proposed acquisition of privately held Digicities Inc. (July 21) is not impacted by the abandonment of the Telespace merger, although a completion of the Telespace acquisition was a previous component of the acquisition. Both AmeriCom and Digicities managments have agreed to drop that provision. Telespace has explored research and development concerning telecommunications in Asia as well as concepts in Web design and Internet advertising Delivering ads to Internet users via Web sites, e-mail, ad-supported software and Internet-enabled cellphones. Also called an "ad network," Internet advertising organizations act as a middleman between the advertiser and the Web sites and software publishers that display the ads. features for the international market. AmeriComUSA is engaged in advertising and software development for the marketing of goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. via the Internet, kiosks, billboards and other remote stations. Forward-looking and cautionary statements: Except for the historical information and discussions contained herein, statements contained in this news release may constitute "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. These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially, as discussed in regulatory filings by AmeriComUSA Inc. or Telespace Ltd. |
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