CE Software's Affiliate Opens California Office.WEST DES MOINES West Des Moines (də moin`), city (1990 pop. 31,702), Polk co., S central Iowa, a growing suburb W of Des Moines; inc. 1893 as Valley Junction, renamed 1938. Products manufactured there include cement, metal items, and pumps. , Iowa--(BUSINESS WIRE)--Oct. 31, 1996--CE SOFTWARE HOLDINGS, INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . (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 NM Symbol: CESH) today announced the incorporation of Net Target, Inc. and the opening of Net Target's offices in San Francisco, California “San Francisco” redirects here. For other uses, see San Francisco (disambiguation). The City and County of San Francisco (EN IPA: [sænfrənˈsɪskoʊ] . The formation of the new company is in keeping with CE SOFTWARE's previous announcement in which it reported plans for Ford H. Goodman, former President and 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. of its operating company operating company A business that engages in transactions with outsiders. , CE Software Inc., to head a business unit that would utilize certain technology and intellectual property of the Company in the development of an Internet-focused business venture. Based on CE SOFTWARE's contributions of technology assets and $75,000 in cash, it receives 49% ownership of Net Target, Inc. The balance of the stock is being purchased for $100,000 by Mr. Goodman and Mr. Scott I. Wiener. Mr. Wiener served as a technology consultant to the Company following CE SOFTWARE's October 1995 purchase of the assets of Common Knowledge, Inc., a Silicon Valley company with which he was a principal. Venture capital will be sought for additional funding of Net Target, Inc. In addition to seed capital and its technology contribution, CE Software, Inc. has designated two software engineers to work directly for Net Target, Inc. The technology and intellectual property involved will be the sole property of Net Target, Inc., subject to certain rights which are licensed back to CE SOFTWARE. Richard A. Skeie, President and CEO of CE Software, Inc., commented, "We are pleased that our investment in Net Target gives us the opportunity to participate in a segment of the growing marketplace for Internet technologies and services which is distinct from CE SOFTWARE's core business. Separating the new venture from CE SOFTWARE provides us a low risk means to move into new markets without taking away our focus." Further clarification of the business venture will be forthcoming from Net Target, Inc. at the appropriate time. Established in 1981, CE SOFTWARE, INC., a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of CE SOFTWARE HOLDINGS, INC. (NASDAQ NM Symbol CESH), develops and markets electronic mail for LAN-based systems and the Internet as well as personal productivity, desktop automation and information management software for Macintosh, Windows and DOS environments. For more information contact, CE Software, Inc., 1801 Industrial Circle, West Des Moines, Iowa West Des Moines is a city in Polk, Dallas, and Warren counties in the U.S. state of Iowa. As of the 2000 census, the city population was 46,403; a special census taken in the spring of 2005 counted 51,744 residents. 50265. Phone 800-523-7638 inside 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. . Outside the United States call 515-221-1801. The company also maintains a home page on the World Wide Web at http://www.cesoft.com. This release contains forward-looking statements that are subject to certain risks, trends and uncertainties and actual developments may differ materially from those projected. For a discussion of important factors that could affect the Company's results, the reader is encouraged to refer to the Company's annual report or Form 10-KSB and quarterly Form 10-QSB. CONTACT: Curtis W. Lack Chief Financial Officer, CE Software, Inc. curt_lack@cesoft.com 515/221-2114 |
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