AmeriStar Network Inc. Announces that Two Definitive Agreements have been Reached to Acquire Mortgage Internet Technologies Inc. and CVS Technologies Inc.ST. GEORGE, Utah-(BUSINESS WIRE)--April, 16, 1999--AmeriStar Network Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:AMWK), (http://www.ameristarnetwork.com), Friday announced, that an agreement has been reached to acquire Mortgage Internet Technologies Inc. (http://www.vlender.com) and 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. Mortgage Internet Technologies Inc. provides Internet software that facilitates online lending for mortgage lenders and mortgage brokers. A recent report from Forrester Research Inc. (Nasdaq: FORR FORR Friends of the Russian River FORR Freedom of the Road Riders (Motorcyclists) FORR Flight Operations Readiness Review ), estimates that consumers will obtain 8.9 million loans and credit cards over the Internet by 2003, representing more than $167 billion in receivables. AmeriStar entered into the acquisition agreement with CVS Technologies Inc., after CVS announced they had terminated ongoing attempts to enter into a business combination with Media Forum International. CVS 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. These Closings are subject to CVS Technologies Inc's and Mortgage Internet Technologies Inc's. shareholders approval. |
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