Anderson/Tidalwave Seeks Additional Joint Ventures or Acquisitions of Internet Related Businesses.FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--April 16, 1999-- Anderson Computers/Tidalwave Corp. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:ACPT ACPT Acceptance ACPT Apple Certified Portable Technician ACPT Accept ACPT American Crossword Puzzle Tournament ACPT American Community Properties Trust ACPT Automated Corporate Planning Tool ACPT Air Campaign Planning Tool ), which recently completed two Internet related joint ventures in one month, Friday announced that the company has retained Advantage Link Inc. to identify and help acquire additional privately held Internet related companies. Anderson recently completed joint venture agreements with Cyberlinkcom Corp. and Micro Doctor Inc. Both companies will greatly expand Anderson's Internet presence. While once solely involved in the computer industry, Anderson is positioning itself to take advantage of the fast growing Internet and e-commerce markets which are projected to generate $425 billion in sales in the United States and generate $3.2 trillion in global transactions by the year 2002. As an indicator of the popularity and excitement of the Internet, a Nasdaq-Amex e-commerce index has been created of 15 companies that derive either all or a significant part of their revenue from online commerce which includes bookseller Amazon (Nasdaq:AMZN AMZN Amazon.com (NASDAQ symbol) ), brokerage firm Ameritrade Holding Corp. (Nasdaq:AMTD AMTD Arithmetic Mean Temperature Difference AMTD Automatic Magnetic Tape Distribution AMTD Affordability and Manufacturing Technology Demonstration ), bookseller Barnes & Noble Inc. (NYSE NYSE See: New York Stock Exchange :BKS), software producer Broadvision Inc. (Nasdaq:BVSN BVSN Broadvision, Inc. (stock abbreviation, AMEX) ), music seller CDnow Inc. (Nasdaq:CDNW), broker ETrade Group Inc. (Nasdaq:EGRP EGRP E*Trade Group, Inc. (stock abbreviation, AMEX) ), computer products seller Egghead.com (Nasdaq:EGGS), Hollywood Entertainment (Nasdaq:HLYW), Preview Travel Inc. (Nasdaq:PTVL), retailer ONSALE (Nasdaq:ONSL ONSL Old North St. Louis (neighborhood just north of downtown St Louis, MO) ONSL Optical Network Simulation Layer (VPI) ONSL Organization Nationale des Syndicats Libres ), Micro Warehouse Inc. (Nasdaq:MWHS MWHS Marine Wing Headquarters Squadron (US Marine Corps) MWHS Mound Westonka High School (Mound, Minnesota) MWHS Millard West High School (Omaha, Nebraska) ), music retailer N2K Inc. (Nasdaq:NTKI), grocer Peapod Inc. (Nasdaq:PPOD), auctioneer eBay Inc. (Nasdaq: EBAY), and National Media (NYSE:ETV). Recent projections indicate that the number of people subscribing to an online service such as America Online (NYSE:AOL) or Prodigy (Nasdaq:PRGY), will be in excess of 130 million within the next two years in the United States alone. "As Internet usage continues its explosive expansion, we are positioning Anderson to continually take advantage of the growth and popularity of e-commerce," stated Leon Kline. "Our strategy is to aggressively seek joint ventures or acquisitions of public and private companies that will increase shareholder value." Statements in this news release may contain forward-looking information within the meaning of Section 27A of the U.S. Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934, and is subject to the safe harbor created by those sections. All statements, other than statements of historical fact, included in this release, including without limitation, statements regarding potential future plans and objectives of Anderson Computers/Tidalwave (ACPT) are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Anderson Computers/Tidalwave assumes no obligation to update information contained in this release. |
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