Bezenet Announces Aquisition of 20% of Cisco Italia SPA.Business Editors MIAMI BEACH Miami Beach, city (1990 pop. 92,639), Dade co., SE Fla., on an island between Biscayne Bay and the Atlantic Ocean; inc. 1915. It is connected to Miami by four causeways. , Fla.--(BUSINESS WIRE)--Feb. 8, 2002 Bezenet, Inc., (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :BEZT), announced that they have signed a binding letter of intent to acquire 20% of the capital stock of CISCO ITALIA SPA, a European leader in providing logistic services to Companies in Europe. This acquisition will give the opportunity to the combined group to co-share in fees and expenses. The affiliation will allow the group to minimize both costs and expenses. The investment in CISCO ITALIA SPA is $10.000.000, with undisclosed terms and conditions, with the final closing of the agreement to occur apporximately February 15, 2002, subject to 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. by both parties. About Bezenet, Inc.: Bezenet, Inc. (http://www.be-ze.com) is a diversified conglomerate operating directly and franchising in the Internet, residential property, resorts and commercial real estate developments, hotel, resort and restaurant management, waste management, medical care, natural beauty products and cosmetics. In the Internet arena, Bezenet owns and operates several URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. portals designed for European and American users looking to do and/or expand business overseas, providing commercial, legal, and technical assistance with full-service personalized per·son·al·ize tr.v. per·son·al·ized, per·son·al·iz·ing, per·son·al·iz·es 1. To take (a general remark or characterization) in a personal manner. 2. To attribute human or personal qualities to; personify. direct support, including joint ventures and local commercial representatives. Bezenet, Inc. is quoted on the National Quotation Bureau's Electronic Quote Service as OTCBB:BEZT. About Cisco Italia SPA: Cisco Italia SPA, http://www.ciscoitalia.it, is a primary leader in Europe, which provides services to over 6,000 clients, both the private and public sector. The Company, which was founded in 1985, provides service in logistics, transportation and security. The Company, which employs over 5,000 people, grosses over $74,000,000 in revenues (US$), which represents approximately 25% of the entire Cisco Group revenues. 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. Statement: Statements made in this news release that are not historical or current facts 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. " made pursuant to the "safe harbor" provisions of federal securities laws. Forward-looking statements represent management's best judgment as to what may occur in the future, but are subject to certain risks and uncertainties that could cause actual results to differ materially from those presently anticipated or projected. |
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