Century Industries Forms Strategic Alliance With ASAPconnect.com; Global Internet Initiative and Equity Swap.Business/Technology Editors LINWOOD, N.J.--(BUSINESS WIRE)--June 19, 2000 Century Industries (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:CNTI CNTI Confederação Nacional Trab Industria ) today announced that it has formed a strategic alliance with ASAPconnect.com, Inc., a leading global provider of online customer communication solutions for marketing, sales and service. The alliance provides for an equity swap Equity swap A swap in which the cash flows exchanged are based on the total return on some stock market index and an interest rate (either a fixed rate or floating rate). Related: Interest rate swap. , which will further diversify and complement Century's membership marketing, nutritional product line and Web technology customer base. The two companies will also implement a global Internet initiative to reach Century's membership base. Under the terms of the alliance, Century customers will have access to ASAPconnect.com's comprehensive Internet service program, which offers affordable, filtered online access for a family-friendly Web experience. Wade Cordell, chairman of Century Industries, stated, "We are excited to offer ASAPconnect.com's state-of-the-art filtered Internet service. This partnership greatly expands Century's services and opportunities for new revenue streams." Century customers will be allowed access to a branded portal site Noun 1. portal site - a site that the owner positions as an entrance to other sites on the internet; "a portal typically has search engines and free email and chat rooms etc. , which will be promoted in other benefits-related areas. Century is currently negotiating a contract to bundle ASAPconnect.com's Internet service with one million new computers for the consumer marketplace. "Century has raised the standard for online customer communications through their complete Internet solution, including filtered Internet access See how to access the Internet. , e-commerce, outbound and inbound email, Web-based, real-time customer service and messaging, and customized content for all Century members. We look forward to providing our system to Century customers and adding value to their user experience," stated Knox Talbert, President of ASAPconnect.com. About ASAPconnect.com ASAPconnect.com, Inc. is a leading global provider of comprehensive Internet customer communication solutions to individual groups for brand marketing, revenue generation and customer/community service. ASAPconnect.com manages the entire online customer experience, from marketing to administration to customer service. ASAPconnect.com's offering enables groups to benefit form the latest technologies in order to strengthen the relationships and synergies that exist between its members. Based in Dallas, Texas “Dallas” redirects here. For other uses, see Dallas (disambiguation). The City of Dallas (pronounced [ˈdæl.əs] or [ˈdæl. , ASAPconnect.com customers include Zig Ziglar Network, Edwin McCain, Brigade Quartermasters, Foodvision.com, and Georgia Tech. For more information, visit the company website at www.asapconnect.com or call Brooks Knobel at 864-297-8900. Forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. in this release are made pursuant to the "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. " 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. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, possible changes in cost of materials, expense items, capital expenditures, capital structure, and other financial items; introduction of new products and possible acquisitions of assets or businesses; possible actions by customers, suppliers, competitors, regulatory authorities; and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission. |
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