AmeriStar Network, Inc. Announces that it has Completed its Acquisition of CVS Technologies, Inc., a Delaware Corporation based in Houston, Texas.ST. GEORGE, Utah--(BUSINESS WIRE)--April 26, 1999-- AmeriStar Network, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:AMWK - news), (http://www.ameristarnetwork.com), announced today that it has completed its acquisition of 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. CVS 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. 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. In a company press release dated April 16, AmeriStar announced that they had entered into an agreement to acquire CVS Technologies, Inc., after CVS had terminated ongoing attempts to enter into a business combination with MediaForum International, Inc. Officials for the company indicated that certain conditions precedent to entering into a definitive agreement have failed, thus resulting in the termination of the letter of intent. The acquisition of CVS gives AmeriStar Network, Inc. direct access to certain "Letters of Intent" already in process and negotiated by the management of CVS. This acquisition and other targeted acquisitions will assist AmeriStar with growth, cash flow and profits. CVS Technologies, Inc. partial client contacts consists of: Legacy Trust / Service Master / Eagles Nest / State of Illinois / Patrick Hoque-Y2K Realty Coach / QMP Real Estate Specialty Products / Specialty Products, Inc. / AmeriStar Network, Inc. / Lord Bissell & Brook / Stephens & Stephens. Unocal / Dell Computers / Compaq / Jim Lord / Government Micro Resources / City of Magnolia / Texas Hard Rock Cafe Hard Rock Cafe is a chain of casual dining restaurants. It was founded in 1971 by Isaac Tigrett and Peter Morton, and their first Hard Rock Cafe opened near Hyde Park Corner in London, in a former Rolls Royce car dealerships showroom close to Hyde Park, where in 1979 they began to / IBM and Hewlett Packard. AmeriStar Network, Inc. will continue to provide the North American Mortgage Industry with the Y2K 4 digit RTC card for Server98 compliancy through Mortgage Internet Technologies, Inc. of St. George, Utah St. George is a city located in the southwestern part of the U.S. state of Utah, and the county seat of Washington County, Utah.GR6 It is the principal city of and is included in the St. George, Utah Metropolitan Statistical Area. an Internet Software that facilitates online lending for mortgage lenders and mortgage brokers. AmeriStar has also reached an agreement to acquire Mortgage Internet Technologies, Inc. (http://www.vlender.com). The Closing is subject to shareholder approval. |
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