CGI Holding Corporation Signs Letter of Intent to Acquire WorldMall.com.Business Editors BROOKFIELD, Ill.--(BUSINESS WIRE)--Dec. 14, 2000 CGI CGI in full Common Gateway Interface. Specification by which a Web server passes data between itself and an application program. Typically, a Web user will make a request of the Web server, which in turn passes the request to a CGI application program. Holding Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : CGIH), (http://cgiholding.com), announced today that they have signed a letter of intent to acquire Raleigh based WorldMall, Inc., owners and operators of WorldMall.com. The non-binding letter of intent is subject to confirmation of an independent evaluation of WorldMall and other 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. requirements. It is anticipated that if a definitive agreement is signed the acquisition of WorldMall, Inc. will be completed by an exchange of shares and is expected to close early in the first quarter of 2001. Further details of the transaction will be disclosed at that time. CGI Holding Corporation just recently sold substantially all of the assets of one of its subsidiaries, Roli Ink of Milwaukee, Wisconsin For other places with the same name, see Milwaukee (disambiguation). Milwaukee is the largest city within the state of Wisconsin and 25th largest (by population) in the United States. , and currently owns four other companies; Safe Environment Corporation, Safe Environment Corporation of Indiana and Safe Environment Corporation of Missouri, asbestos removal companies, and Trifinity, Inc., a manufacturer of personal care products. "We are extremely pleased to announce this proposed transaction with WorldMall.com," commented Mr. John Giura, President of CGI Holding Corporation. "WorldMall has established itself as a leader in the Internet sector and has an extremely competent management staff and an outstanding business model. We feel the transaction will be highly beneficial for everyone involved." WorldMall.com is a comprehensive web site outsourcing and marketing company which sells and maintains virtual mall locations, custom websites, banner advertising Banner Advertising A common form of advertising on the internet. The banner is an advertisement of 460x68 pixels, usually placed at the top of the page Notes: For an example, just look at the top of a page on almost any popular web site. , a search engine placement program, and a host of other services to help website owners. WorldMall.com focuses on services that establish and expand the traffic base to web sites, while building, hosting, and providing content maintenance. WorldMall.com was founded last year in Rochester, NY by current President S. Patrick Martin Patrick Martin may refer to:
Company filings for CGI Holding Corporation can be viewed at www.freeedgar.com. Information on WorldMall, Inc. can be found at www.worldmall.com. This document includes 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 under the "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. " provisions 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 are generally identifiable by the use of the words such as "believe", "expect", "intend", and other words of a similar nature. These statements are based upon management's current expectations, estimates and projections that are subject to risks and uncertainties, including, but not limited to: success of negotiations, availability of financing, political, currency, regulatory, competitive and technological developments. Consequently, actual results could differ materially from those forward-looking statements. CGI Holding Corporation does not undertake, and specifically disclaims any obligation to update any forward-looking statements, which speak only as of the date made. |
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