Archer Systems Ltd. Inc. to Acquire Comlinx Inc.Business Editors and High-Tech Writers ISELIN, N.J.--(BUSINESS WIRE)--Nov. 16, 2000 Archer Systems Ltd. Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ARYN), Thursday announced that it has entered into a definitive acquisition agreement with ComLinx Inc. (ComLinx), a privately held Internet communications firm. The transaction involves an equity exchange agreement. ComLinx will operate as a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Archer. With headquarters in Edison, N.J. ComLinx offers proprietary end-to-end event marketing applications known as WEBINAR (WEB-based semINAR) A workshop or lecture delivered over the Web. Webinars may be a one-way Webcast, or there may be interaction between the audience and the presenters. See Web conferencing and Webcast. (R) eVent services. Events include online user conferences, sales seminars, shareholders meetings, road shows, product launches, training sessions and virtual trade shows. ComLinx derives revenues from event production, moderator and promotional services for its clients, which include 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) , Apple, SalesCentrix, WorldSites, Siemens, rSchool.com and Aspen Systems. Eric Korb, who founded ComLinx in 1997, will continue to serve as its president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . Previously, Korb was one of the co-founders of Access Graphics Inc. of Boulder, Colo., which was later acquired and is now operating as GE Access, owned by the General Electric Co. GE Access is described as the premier value-added technical distributor of complex computing products, services, and solutions and the largest distributor of Sun Microsystems and Oracle products. As reported in a news release dated Aug. 4, 2000, Archer Systems entered into a financial advisory agreement with Irvine, Calif.-based Superwire.com Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). "Pink Sheets": SUPW SUPW Socially Useful Productive Work ). Superwire is an integrated broadband services company that delivers voice, video and high speed Internet to the multi-tenant building market using already existing telecommunications infrastructure at speeds up to 200 times faster than dial-up. Archer also announced Thursday the creation of Broadband Solutions, a new operating division established to install the broadband systems developed by Superwire.com. Broadband Solutions' operations will extend to the procurement of equipment as well as installations of Superwire systems. To date, Superwire has completed 10 installations with 20 more in progress. The new division will also seek opportunities to interface with other providers of broadband content and infrastructure. Archer, effective Oct. 24, 2000, unwound un·wound v. Past tense and past participle of unwind. unwound unwind its proposed strategic alliance with INFe.com (OTCBB:INFE) and recovered all of the Archer shares issued in consideration thereof. With headquarters in Iselin, Archer Systems acquires, develops and/or operates companies through its wholly owned subsidiaries and division(s). The Archer Systems annual meeting of stockholders is being held Thursday, Nov. 16, 2000 at 2 p.m. (EST EST electroshock therapy. EST abbr. electroshock therapy ) at the Sheraton Woodbridge Place Hotel, located at 515 Rte. One South, Iselin, N.J. The reader is advised that this release contains forward-looking statements of the company and that a variety of factors could cause the company's actual results and experience to differ materially from the anticipated results of their expectations expressed. Additional information regarding those factors is available upon request. The foregoing release and the information contained therein was prepared solely by the management of Archer Systems Ltd. Inc., its subsidiaries and affiliates, who furnished the same to Market Pathways Financial Relations Inc. for release. |
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