CeleXx Corporation to Acquire Dallas-Based Interactive Multimedia Design and Development Services Solution Provider.Business Editors/Technology Writers BOCA RATON Boca Raton (bō`kə rətōn`), city (1990 pop. 61,492), Palm Beach co., SE Fla., on the Atlantic; inc. 1925. Boca Raton is a popular resort and retirement community that experienced significant industrial development in the 1970s and 80s. , Fla.--(BUSINESS WIRE)--Feb. 17, 2000 CeleXx Corporation (http://www.celexx.com) (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CLXX) announced today that it signed a letter of intent to acquire MLink Technologies, Inc. (http://www.mlinktech.com) an interactive multimedia design and development services solution provider, located in Dallas, Texas “Dallas” redirects here. For other uses, see Dallas (disambiguation). The City of Dallas (pronounced [ˈdæl.əs] or [ˈdæl. . Established in 1990, MLink's clients include Alcon Laboratories, Carlson Restaurants Worldwide, Chase Bank, EPRI EPRI Electric Power Research Institute EPRI European Parliaments Research Initiatives , GTE GTE General Telephone & Electronics GTE Génie Thermique et Énergie (French) GTE Gas Turbine Engine GTE Global Tropospheric Experiment GTE Geothermal Energy GTE Gas Turbine Efficiency plc (Sweden & USA) , MCI (1) (Media Control Interface) A high-level programming interface from Microsoft and IBM for controlling multimedia devices. It provides commands and functions to open, play and close the device. (2) (Microwave Communications Inc. Worldcom, Nortel Networks, Nokia Mobile Phones and PrimeCo Personal Communications. The Dallas based company designs custom performance improvement and e-learning programs. These programs include Electronic Performance Support Systems (EPSS (Electronic Performance Support System) A computer system that provides quick assistance and information without requiring prior training to use it. It may incorporate all forms of multimedia delivery as well as AI techniques such as expert systems and natural ), Web-based Training (WBT See Windows-based terminal. ), product and software application simulations, and online interactive user guides. MLink's mission is &uot;Linking mind and media to improve human performance(R).&uot; To fulfill custom development, MLink Technologies collaborates with its clients' IT departments, call centers, product management, sales and marketing organizations, and other functional areas undergoing rapid growth and changes due to technology. Regan Smith, President of MLink, remarked: &uot;Our strength is creating meaningful interactive multimedia experiences for our client's customers and users that improve their performance and productivity. By designing new ways of communicating and building online programs that contribute new product/service value, MLink's clients ultimately deliver significant benefits to their customers, differentiate their product and their service offerings, and build competitive advantages.&uot; On MLink's consultative approach Smith added: &uot;We create end user value by building performance and knowledge components that integrate learning with doing thereby accelerating performance toward expert levels.&uot; The growth of the World Wide Web has contributed to the economic distribution of MLink's interactive products and services for its clients and their customers. Vincent Caminiti, Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of CeleXx, stated: &uot;MLink is currently providing services to other CeleXx companies through a strategic alliance. The acquisition of MLink builds upon CeleXx's vision of providing comprehensive multimedia solutions which will result in new and additional revenues being generated which would otherwise not be realized.&uot; Smith further added that by becoming an operating company operating company A business that engages in transactions with outsiders. of CeleXx, MLink is better positioned to accelerate its business plan and accomplish its growth goals. &uot;Acquisitions of such specialized high growth IT companies as MLink, represent another step in the fulfillment of CeleXx's objective to build shareholder value. The redirection and consolidation of general business, finance and HR functions to the CeleXx corporate environment enable the operating companies to better focus their resources and talent on the delivery of solutions to clients in the vital and emerging markets they serve,&uot; says Caminiti. By design, CeleXx continues to take form as a compliment of &uot;Corporate Support Solutions&uot; including; interactive multi-media, e-commerce solutions, computer telephony integration Computer Telephony Integration - Computer Telephone Integration , network design and engineering, custom configuration, systems integration, facilities management, desktop delivered solutions, digital mapping, Web based training, Web hosting and engineering support. Natural synergies between CeleXx's operating companies enable them to seamlessly deliver solutions that require more than one competency with complete technical integrity. The Private Securities Reform Act of 1995 provides a &uot;safe harbor&uot; for forward-looking statements. Certain information included in this Press Release (as well as information included in oral statements or other written statements made or to be made) contains statements that are forward looking, such as those relating to consummation of the transaction, anticipated future revenue of the companies and success of current product offerings. Such forward looking information involved important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ materially from those expressed in any forward looking statements. |
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