Bridge Technology Inc. Acquires Additional 30% Of CMS Technology Limited, Hong Kong.Business Editors/High-Tech Writers GARDEN GROVE Garden Grove, city (1990 pop. 143,050), Orange co., S Calif., a suburb of Long Beach and Los Angeles, on the Santa Ana River; founded 1877, inc. 1956. Many of its residents work in nearby aerospace and defense installations, and there is light manufacturing. , Calif.--(BUSINESS WIRE)--May 2, 2000 Bridge Technology Inc. (Nasdaq:BRDG BRDG Bridge ) a computer peripheral products and systems enhancement company today announced the acquisition of an additional 30% of 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. Technology Limited ("CMS") of Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. . CMS is an exclusive IBM-authorized distributor for Hong Kong and mainland China with annual revenues of approximately $50 million. The agreement calls for the issuance of common stock only, increasing Bridge Technology's holdings of CMS to 90%. James Djen, President of Bridge Technology, Inc. stated, "By obtaining this 90 percent majority position with CMS, Bridge Technology's position and ability to distribute products to mainland China and Hong Kong is further strengthened. We will be able to forge even stronger efforts to sell products into this lucrative and enormous market." Bridge Technology Inc. manufactures, markets, and distributes digital recording, storage and communication components. The company, with subsidiaries in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Japan and Hong Kong, also is a design innovator for the data, voice, multimedia, Internet and wireless communication industries. More information on Bridge Technology, Inc. may be obtained via the company's website at www.bridgeus.com. 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 under 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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