Carriersnet and Rootlevel Discuss Merger.Business Editors DEARBORN, Mich.--(BUSINESS WIRE)--Dec. 30, 2002 Carriersnet Group, Inc. and Rootlevel, Inc. are presently in advanced discussions concerning merging their corporations. The synergies between Carriersnet and Rootlevel will greatly accelerate the expansion of the Carriersnet system on the global scale. Carriersnet is a Dearborn, MI based privately held e-logistics company built upon intimate first hand knowledge of global logistics. Carriersnet presents a new dimension for international shipping that addresses challenges of the new and evolving global economy, by delivering a worldwide PCT (Private Communications Technology) A protocol from Microsoft that provides secure transactions over the Web. See security protocol. patent protected technology (priority date June, 1999). Rootlevel, Inc. is a Detroit, MI based web application and data-base development company. Rootlevel brings technical savvy and extensive experience architecting and building technology solutions for Fortune 500 companies and government agencies. Rootlevel 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. John Lauer was recognized by Governor Engler as Michigan Entrepreneur entrepreneur (än'trəprənûr`) [Fr.,=one who undertakes], person who assumes the organization, management, and risks of a business enterprise. of the Year, in 2000. Due to his reputation for excellence, both Ford and GM contracted Lauer to develop their first corporate websites. Lauer stated, "Rootlevel has had good success in our market. Joining forces with Carriersnet allows us to grow globally and enter a massive new market. Global shipping is approximately a three trillion One thousand times one billion, which is 1, followed by 12 zeros, or 10 to the 12th power. See space/time. (mathematics) trillion - In Britain, France, and Germany, 10^18 or a million cubed. In the USA and Canada, 10^12. dollar industry. The potential is huge!" Carriersnet CEO Capt. Salloum stated, "Carriersnet takes the sometimes divergent di·ver·gent adj. 1. Drawing apart from a common point; diverging. 2. Departing from convention. 3. Differing from another: a divergent opinion. 4. objectives of expediting international cargo movements and enhancing cargo security and improves both. U.S. and foreign officials have recognized this as well. High level officials within Homeland Security Noun 1. Homeland Security - the federal department that administers all matters relating to homeland security Department of Homeland Security executive department - a federal department in the executive branch of the government of the United States stated that our system is `ahead of the game.' We anticipate that we will soon be engaged in major global projects. I believe that the technical strengths Rootlevel brings to Carriersnet help formulate formulate /for·mu·late/ (for´mu-lat) 1. to state in the form of a formula. 2. to prepare in accordance with a prescribed or specified method. the right equation to meet our corporate objectives and customers requirements." Under the proposed merger, Rootlevel will become the development arm of Carriersnet. The companies anticipate agreement within the next 30 days. |
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