CasinoBuilders.com Inc. Closes Purchase of One of Nation's Largest DSL Installers.Business Editors & High Tech Writers NEW ORLEANS--(BUSINESS WIRE)--July 27, 2001 CasinoBuilders.com, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). : CSBD) announced the closing of its purchase of all of the outstanding shares of Computer Support Associates, Inc., a nationwide information technology ("IT") consulting firm based in New Orleans. Total consideration was not disclosed. Computer Support Associates provides a complete range of IT solutions: consulting, networking, broadband and Internet Services, cabling, deployment, help desk and telephony services. CSA's customers include some of the nation's top online providers including BellSouth (BLS See Bureau of Labor Statistics. ), COVAD COVAD Combined Voice and Data COVAD Copper Value Added (company) (COVD COVD College of Optometrists in Vision Development COVD Covad Communications Group (stock symbol) ), Adelphia, and EATEL. CSA (1) (Canadian Standards Association, Toronto, Ontario, www.csa.ca) A standards-defining organization founded in 1919. It is involved in many industries, including electronics, communications and information technology. uses its priority national network of qualified computer technicians and leverages this intellectual capital to be able to rapidly deploy a force of highly skilled and experienced computer technicians and consultants nationwide. CSA's revenues for the FYE 12-31-2000 were $6,142,000, with retained earnings of $246,000. CSA was one of ten contractors recently awarded a portion of the $380,000,000 DSL 1 contract from the General Service Administration. The contract is part of the compliance under a recent government mandate to install Broadband service in all government employees' homes and offices. CSA is one of the leaders of all DSL installations in the United States, with over 90,000 successful installations completed. "With the closing of the acquisition of CSA, CasinoBuilders is positioning itself to become a leading totally integrated computer and telecommunications service organization, serving both industry and consumers. By providing service from initial line installation and hardware set up to online consulting and commercial web design, CasinoBuilders is quickly building a `next generation' technology company, with a solid plan for diversification, revenue growth, and profits," stated Billy Robinson, 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 CasinoBuilders.com, Inc. With the exception of historical information described above, this release includes forward-looking statements made under the `Safe Harbor' 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. These statements involve substantial risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. |
|
||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion