CeleXx to Complete Acquisition of CMI in Next Seven Days - MRS and M-Link to Close Before End of April.Business Editors 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)--March 30, 2000 CeleXx Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CLXX) http://www.celexx.com announced today that it is days away from completing the acquisition of "CMI (Computer-Managed Instruction) Using computers to organize and manage an instructional program for students. It helps create test materials, tracks the results and monitors student progress. " (Computer Market Place, Inc. Tewksbury, Mass.) (www.cminet.com). This acquisition is soon to be followed by the completion of the acquisition of "MRS MRS - Modifiable Representation System. An integration of logic programming into Lisp. ["A Modifiable Representation System", M. Genesereth et al, HPP 80-22, CS Dept Stanford U 1980]. " (Moore Resources Enterprises, Toronto, Canada and Houston) (www.moorers.com) and "M-Link" (M-Link Technologies, Inc., Dallas) (www.mlinktech.com). 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. commented, "The finalization of these acquisitions will complete the first phase of our business plan, which began with the acquisition of Pinneast.com (Columbia, S.C.) last year. This will set a clear course for Phase Two development and expansion. Recently, CeleXx management re-engineered its business model into three Strategic Technical Operating Groups to ensure growth and profitability as the company expands into a national presence. It will also provide the backdrop for the globalization globalization Process by which the experience of everyday life, marked by the diffusion of commodities and ideas, is becoming standardized around the world. Factors that have contributed to globalization include increasingly sophisticated communications and transportation of CeleXx brand equity, and partnering." The CeleXx team is composed of individuals who have successfully built entrepreneurial enterprises by staffing them with talented professionals capable of serving the demanding technical needs of their clientele, and by partnering to expand their own capabilities. About thirty months ago, members of the founding group decided that mergers and acquisitions would provide the most efficient business model for creating an end-to-end solutions provider to their business clients. The mortar for this technical building block is strong synergies in the highly technical fields involved. Caminiti added, "A few months ago, we emerged and embraced the vision you know today as CeleXx Corporation." As a provider of Corporate Support Solutions, Celexx is dedicated to improving performance by effectively employing technology as a tool. This performance-driven technology is the cornerstone of the CeleXx business strategy, which embraces a methodology for preserving the clients' capital investment in their legacy IT systems, where practical, and by integrating state-of-the-art technologies to improve communications with customers, suppliers, and employees alike. CeleXx PERFORMANCE MEDIA GROUP: This group's technology is essentially interactive in nature with Web site development, E-Commerce solutions, Web based Coming from a Web server. See Web application. training, Computer Based Training, E-education and a highly consultative approach to sales and marketing at the core. Clients include: Alcon Laboratories, Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. , Nokia Mobile Phones, Nortel Networks (Nortel Networks Limited, Brampton, Ontario, www.nortelnetworks.com) A world leader in telecommunications products, which includes switching, wireless and broadband systems for service providers and carriers, telephones and systems for residential and business users, computer telephony , Carlson Worldwide Restaurants, Michelin, Warner Lambert, Dow Chemical and Georgia Pacific, PrimeCo Personal Communications, Delta Airlines, Chase Bank and Pillowtex. CeleXx INTEGRATED SOLUTIONS GROUP: Networking, systems engineering and integration, and Computer Telephony Solutions are the core competencies of this group. They also custom design networks and carry out specialized engineering tasks to meet specific client needs and requirements. This year, a major initiative began, involving partnering with Cisco Systems and Lucent Technologies to deliver telephony solutions developed by these IT giants. This year also marked the entry into Voice over Internet Protocol (VoIP) and other advanced communications technologies. Group clients include: AT&T, Sprint, Wachovia Bank, AT&T Wireless, Life Investors, Sodhexo-Mariott, QWEST Communications, AOL (A division of Time Warner, Inc., New York, NY, www.aol.com) The world's largest online information service with access to the Internet, e-mail, chat rooms and a variety of databases and services. , JC Penney and Hewlett-Packard Medical. CeleXx INFORMATION ENGINEERING GROUP: Using a vendor-neutral approach, this Group develops specialized solutions for clients who have a need to rapidly and efficiently deliver information in a variety of different formats. Services involve the development and implementation of Internet and intranet-based solutions familiar to the client and the integration of other methodologies designed to rapidly deliver complex information that aid operational efficiency and contribute to the customer's bottom line. The vendor-neutral approach helps to preserve the client's IT capital investment while allowing the use of multi-vendor software and systems. Clients include: Sunoco Logistics, Chevron Pipe Line Company, Chevron Chemical Co. LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , BP/Amoco, El Paso Energy Corporation, Union Gas and Texas Eastern Petroleum Pipe Line Company, Ontario Power Generation Ontario Power Generation (OPG) is a public company whose shares are wholly owned by the Government of Ontario. It is responsible for approximately 70% of the electricity generation in the province of Ontario, Canada [1]. and the United States Department of Defense. The Private Securities Reform Act of 1995 provides a "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. " 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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