Anderson Computers/Tidalwave Signs Letter of Intent to Acquire Computer Manufacturer/VAR.FORT LAUDERDALE Fort Lauderdale (lô`dərdāl), residential, commercial, and resort city (1990 pop. 149,377), seat of Broward co., SE Fla., on the Atlantic coast; settled around a fort built (c.1837) in the Seminole War, inc. 1911. , Fla.--(BUSINESS WIRE)--Nov. 4, 1998--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 ) announced last week it has signed a letter of intent to acquire the business of Computer Outlet Center Inc., a computer manufacturer/dealer/VAR based in Nebraska, in a transaction valued to increase ACPT gross revenues by approximately $3 million. Closing of the transaction is expected by February 1999 in which Anderson will acquire Computer Outlet Center's ongoing retail operations in Nebraska. Computer Outlet Center, which began in 1995, has been rated by Omaha Business as one of the top companies to purchase computers or services. Computer Outlet Center will become the new OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and manufacturer of Anderson's Tidalwave Computers, as well as a receiving center for Anderson's Web site orders. Computer Outlet Center also sells their own brand, NewCom computers, as well as being 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 Hewlett-Packard authorized au·thor·ize tr.v. au·thor·ized, au·thor·iz·ing, au·thor·iz·es 1. To grant authority or power to. 2. To give permission for; sanction: . Anderson Computers intends to aggressively seek other manufacturers, VARs and hardware distributors for acquisitions with the goal of actively integrating them together. These acquisitions will also be a building block for ACPT to apply for listing on the Nasdaq SmallCap Market. Anderson Computers/Tidalwave sells a wide range of computers and related computer equipment via the Internet. ACPT will also continue to research and develop innovative lead products and services while increasing exposure of its existing products and services. Visit the Anderson Computers/Tidalwave Web site at http://www.tidalwavepc.com or the Computer Outlet Center Web site at http://www.coci.com for more information on products and services. Whether calling as a new customer or a repeat customer, Anderson Computers strives to give each customer that special attention they truly deserve. 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 Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. 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) or Computer Outlet Center, are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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 or Computer Outlet Center assume no obligation to update information contained in this release. |
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