Bridge Technology, Inc. Acquires Interest In IBM Joint Venture -- ADTX Japan.Business Editors & High-Tech Writers GARDEN GROVE, Calif.--(BUSINESS WIRE)--July 26, 2000 Bridge Technology, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : BRDG BRDG Bridge ) a diversified technology company specializing in digital recording, data storage and communication components in the U.S., Europe, and Asia, today announced the acquisition of a 5% interest in ADTX Japan, an 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) joint venture. The company designs, develops, manufactures, and sells mass storage and communications subsystems and had revenues increase 135% from $59 million in 1996 to $139 million in 1999. ADTX plans to complete an Initial Public Offering of stock this year on the Tokyo market. ADTX mass storage subsystems include: -- SCSI SCSI in full Small Computer System Interface Once common standard for connecting peripheral devices (disks, modems, printers, etc.) to small and medium-sized computers. SCSI has given way to faster standards, such as Firewire and USB. and Fibre Channel RAID systems with IBM IDE technology -- IDE to SCSI Bridges -- Mirror drives based on the latest IBM HDD (Hard Disk Drive) See hard disk and HDD caddy. HDD - hard disk drive Technology -- Solid state HDD's based on IBM Technology -- A Family of 1394 Fire Wire products based on IBM PHY See physical layer and physical. Chipsets -- DRD - A Digital Recording Device for recording and playback of digital video ADTX also owns and operates "Air Internet Service" the largest Internet service business data center in Japan. The company in cooperation with KDD (one of Japan's largest telecommunications companies) and IBM provides the highest level of Internet service to major Japanese corporations. James Djen, President of Bridge Technology, Inc. stated, "Bridge considers ADTX a strategic partner in the execution of our long term growth plan. Our CMS (1) See content management system and color management system. (2) (Conversational Monitor System) Software that provides interactive communications for IBM's VM operating system. Electronics subsidiary has been an exclusive selling and support organization for ADTX products in USA and Europe since 1996. This investment strengthens our relationship and allows us to cooperate closely in our expansion in the United States, Europe, Japan, and China. We believe the future IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. of ADTX will provide the necessary capital for the rapid expansion of this venture and should increase the value of our investment significantly." Bridge Technology, Inc. manufactures, markets, and distributes digital recording, storage and communication components. The company, with subsidiaries in the United States, Japan and Hong Kong, is also a design innovator for the data, voice, multimedia, Internet and wireless communication industries. More information on Bridge Technology, Inc. may be obtained over the Internet at www.bridgeus.com. Safe Harbor Statement under 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: The statements contained in this release, which are not historical facts, may be deemed to contain forward-looking statements including, but not limited to, deployment of new services, growth of the customer base, and growth of the service area, among other items. Actual results may differ materially from those anticipated in any forward-looking statement with regard to magnitude, timing, or other factors. Deviation may result from risk and uncertainties, including, without limitation, the Company's dependence on third parties, market conditions for the sale of services, technical factors affecting networks, availability of capital, and other risks and uncertainties. The Company disclaims any obligation to update information contained in any forward-looking statement. |
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