COi Solutions, Inc. Announces Expanded Strategic Direction.NEW YORK--(BUSINESS WIRE)--Aug. 26, 1999-- Bob Jones, president of COi Solutions, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:COSL COSL Complementary Output Switching Logic COSL Chemistry Operations Support Laboratory (Rocky Flats) COSL Certificate of Safe Load COSL Commander, Oceanographic Systems, Atlantic ), builder of global business internetworking solutions, announced at a meeting of the board today that the company will be expanding its strategic direction to include the operation of transactional Internet-based business in the health care sector. "Since the company's inception in June 1998, COi has focused its energy on building internetworking solutions for other companies to operate," said Jones. "We are now in a position to use our business integration knowledge and experience to move into operational activities. We will not only build the company, but also take control of its operations." To date, business InterNetworking solutions have been developed for the healthcare, travel and tourism and the brokerage industry. All of these projects have resulted in creating businesses that can execute e-commerce transactions in their field. Some examples of these solutions are selling stock information on small cap companies, booking airline reservations, and providing healthcare services over the Internet. In building these solutions, COi has worked with a number of suppliers that include 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) , Karo KARO Kane Amateur Radio Operators (Kane, PA) Inc., Community-Builder.com and other technology companies. As part of this expanded strategy, earlier this month, COi announced the acquisition of Community.Builder.com. This was a first step in vertically integrating some of its component suppliers under the COi umbrella. This merger further enables the company to continue its expansion beyond the design and build phases, and into the operation of web-based entities in our target markets of healthcare, travel and tourism, and trade and commerce. "Along with this change in direction, COi will continue to pursue it's core business of designing and building new companies or working with existing Internet based operating companies operating company A business that engages in transactions with outsiders. ," concluded Jones. "We plan to make a couple of significant announcements on new InterNetworking solutions projects in the near future." Over the next thirty days, the Company plans several announcements of new alliance partners and the formation of a new company owned by COi Solutions, Inc. to provide a specific suite of Internet based healthcare services on a global basis. Our initial focus will be on the sale and distribution of pharmaceutical products and durable medical supplies. Building on established relationships, this operating company's focus will be the international marketplace with Africa as the first priority. About COi Solutions, Inc. COi Solutions Inc., a publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. (OTC BB:COSL), builds electronic business solutions for global organizations based on a 'community of interest' principle. COi's prime focus is working with start-up companies start-up company A new business. to create totally integrated electronic solutions, combining strategic business, marketing and investment planning with high technologies, including the Internet and private intranets. With offices in the U.S. and Canada, the COi team offers a unique approach in working with its vertical market sectors of healthcare, trade & commerce, travel & tourism, and telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. . COi recently acquired a 50 percent stake in Community-Builder.com, an Internet company with a focus on healthcare applications. Visit us at http://www.coisolutions.com. 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 has neither approved nor disapproved of this press release. |
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