BSD Healthcare Industries, Inc. Announces Completion of Benchmark Software Development, Inc. Due Diligence.Business Editors HOLLYWOOD, Fla.--(BUSINESS WIRE)--Nov. 19, 2001 BSD (Berkeley Software Distribution) The software distribution facility of the Computer Systems Research Group (CSRG) of the University of California at Berkeley. Healthcare Industries, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :BSDI BSDI - Berkeley Software Design, Inc. ) today announced that Benchmark Software Development, Inc. has provided the Company with the necessary due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. requested by BSD Healthcare Industries, Inc. to proceed with the previously announced planned acquisition of Benchmark Software Development, Inc., a privately held Florida corporation. The Company expects to proceed with the acquisition of Benchmark Software Development, Inc., pursuant to the letter of intent that was entered into and previously announced on November 8, 2001. Closing documents are currently being prepared and are expected to be completed in the near future. To reflect the new business model and acquisition, the Company is in the process of changing its name to BSD/Benchmark Software Development, Inc. Further information and announcements will be made following the acquisition of Benchmark Software Development, Inc. This press release contains forward-looking statements covered within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Such forward looking statements, including terminology such as "Closing documents are currently being prepared and are expected to be completed in the near future" are subject to risks and uncertainties, including, but not limited to, the impact of competitive products, product demand and market acceptance, new product development, reliance on key strategic alliances, fluctuations in operating results, as well as other risks, detailed in the Company's filings with the U.S. Securities and Exchange Commission. The Company's common stock is traded on the OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. under the ticker symbol "BSDI." |
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