Avery Communications Inc. Acquires Aelix Inc.Business Editors CHICAGO and LOS ANGELES--(BUSINESS WIRE)--May 29, 2001 Avery Communications Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ATEX ATEX ATmosphere EXplosibles (French: Explosive Atmospheres) ATEX Anti-Terrorism Exercise ATEX ATM Tributary Extension (Tellabs) ), a provider of local exchange carrier (LEC (1) (LAN Emulation Client) A software driver that provides LAN emulation (LANE) in an ATM network. It resides in an ATM end station or in a computer system that provides the LAN to ATM conversion, often known as a LAN access device. See LANE. ) clearinghouse billing services for inter-exchange long distance telephone service companies (IEC (International Electrotechnical Commission, Geneva, Switzerland, www.iec.ch) An organization that sets international electrical and electronics standards founded in 1906. It is made up of national committees from over 60 countries. IEC - International Electrotechnical Commission ) and Internet service providers (ISP (1) See in-system programmable. (2) (Internet Service Provider) An organization that provides access to the Internet. Connection to the user is provided via dial-up, ISDN, cable, DSL and T1/T3 lines. ), today announced it has reached a definitive agreement to acquire Aelix Inc., a global notification and messaging clearinghouse company for Customer Relations Management (CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. ) services. OmniReach(SM), Aelix's flagship product, enables secure, real-time, bi-directional communications between companies and their customers via a number of different media and devices worldwide. The company currently maintains contracts with such notable enterprises as Hilton Hotels (NYSE NYSE See: New York Stock Exchange :HLT HLT See: Highly leveraged transaction ) worldwide reservations confirmation services, Northwest Airlines (NYSE:NWA NWA Northwest Airlines (ICAO code) NWA Northwest Arkansas NWA National Wrestling Alliance NWA National Weather Association NWA National Works Agency (Jamaica) NWA Network Analyzer ) and Event 411. A complete list of recent press releases can be found at www.aelix.com/apress.htm. "The Aelix transaction is consistent with Avery's business expansion strategy that leverages our expertise of providing billing and customer care solutions to the telecommunications industry and immediately positions us, with established global partners in the travel and hospitality markets. This transaction supports management's growth objectives without a significant dilutive impact on earnings," commented Patrick J. Haynes, III, chairman of Avery Communications. "We are excited to become a part of Avery Communications Inc.; this acquisition progresses Aelix from a venture capital stage company to an operational business subsidiary of an organization with a much stronger financial base," said Aelix 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. Wesley N. Waite, Sr. "To assure continuity within our industry, we will maintain the Aelix corporate identity and continue to offer our OmniReach(SM) product. The additional financial and technical resources available from Avery will increase our efforts to develop next generation platforms that target enhanced services capabilities and product offerings. I believe the strength of Avery will substantially increase our penetration of the travel and hospitality markets." About Aelix Inc. Founded in January 2000, in Los Angeles, Aelix is a provider of intelligent communications solutions to enterprises, notably in the travel and hospitality, financial services and electronic commerce sectors. The company's solutions are a key enabler of improved Customer Relationship Management (CRM), supply and demand chain management, and sales force automation Automating the sales activities within an organization. A comprehensive SFA package provides such functions as contact management, note and information sharing, quick proposal and presentation generation, product configurators, calendars and to-do lists. for a growing number of Fortune 500 companies. Aelix delivers its carrier-grade services through an ASP (Application Service Provider) business model. The company's strength is identifying best-of-breed Internet Protocol (IP) applications and integrating them into easy-to-deploy, customizable solutions that deliver measurable value to enterprise and service provider customers. About Avery Communications Avery is a telecommunications service company engaged in providing billing and collection clearinghouse services for inter-exchange carriers and long-distance resellers through its operating subsidiary HBS HBS Harvard Business School HBs Hepatitis B Surface HBS Heinrich Boell Stiftung (German Political Foundation) HBS Household Budget Survey HBS Hogere Burgerschool HBS Hawaii Biological Survey (Bishop Museum) Billing Services Inc. HBS Billing Services' customers consist primarily of direct dial long distance telephone companies. The company's clearinghouse operations are based in San Antonio, where it maintains billing arrangements with approximately 1,300 telephone companies that provide access lines to, and collect for services from, end-users of telecommunication services. HBS Billing Services processes transaction records and collects the related end-user charges from Local Exchange Carriers for its customers. HBS also provides enhanced billing services for transactions related to providers of premium services or products that can be billed through the local exchange telephone companies, such as Internet access, voice mail services, and other telecommunications charges. For additional questions or information, contact Bill E. Young. Certain statements contained in this document may be deemed to be forward-looking statements under federal securities laws, and Avery intends that such forward-looking statements be subject to the safe-harbor created thereby. Such forward-looking statements include, but are not limited to risks as detailed from time to time in Avery SEC reports, including its Registration Statement on Form SB-2, Quarterly Reports on Form 10-QSB, Current Reports on Form 8-K, and Annual Reports on Form 10-KSB. |
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