AmeriStar Network, Inc.'s Wholly Owned Subsidiary CVS Technologies Announces Major Distributor for their CVS RTC Card.ST. GEORGE, Utah--(BUSINESS WIRE)--July 6, 1999-- AmeriStar Network, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:AMWK), (http://www.ameristarnetwork.com), today announced that agreements have been reached with major distributors for their Server and Notebook markets. CVS (1) (Concurrent Versions System) A version control system for Unix that was initially developed as a series of shell scripts in the mid-1980s. CVS maintains the changes between one source code version and another and stores all the changes in one file. Technologies, Inc., provides and sells a Y2K See Y2K problem and Y2K compliant. Y2K - Year 2000 4 digit RTC See real time clock. (Real Time Clock) Card for Server98 compliancy com·pli·an·cy n. Compliance. Noun 1. compliancy - a disposition or tendency to yield to the will of others complaisance, obligingness, compliance, deference . Compaq, Dell, IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) and all clone AT servers utilize NON-COMPLIANT 2 digit RTC clocks. AmeriStar Network, Inc. is still in deep negotiations with two major funding groups, as to the provision of equity capital for AmeriStar, allowing the company to proceed with the completion of several targeted acquisitions. Time is of the essence A phrase in a contract that means that performance by one party at or within the period specified in the contract is necessary to enable that party to require performance by the other party. Failure to act within the time required constitutes a breach of the contract. , as most of the targeted acquisitions are contained in Letters of Intent, with time calls for performance. The company hopes to conclude on the transactions during the month of July. AmeriStar Network, Inc., a publicly trading holding corporation, a Delaware Domicile Corporation has developed a business strategy that creates and promotes growth-oriented acquisitions of privately held corporations in need of debt retirement, expansion and equity base compensation. All of the aforementioned shall provide enhancement to AmeriStar Network, Inc. shareholders. Certain targeted acquisitions shall be acquired and at a later date, spin off, providing AmeriStar Network, Inc. liquidating dividends for capital return on investment to AmeriStar Network, Inc. shareholders and in certain instances, other targeted acquisition candidates should become wholly owned subsidiaries. This press release may contain forward looking statements that involve risks and uncertainties that could cause actual results to differ materially from the statements contained herein. Such risks and uncertainties include, but are not limited to, changes in the performance of the financial markets, changes in the demand for and market acceptance of the Company's products and services, changes in the mortgage and Internet industry, and the impact of competition, and other risks disclosed from time to time in the company's regulatory reports and filings. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion