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Chronicle Communications, Inc. Announces Its has Agreed to Purchase ETA Internet Solutions, Inc.


Business Editors/Technology Writer

TAMPA, Fla.--(BUSINESS WIRE)--March 16, 2000

Chronicle Communications Inc., (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
:CRNC CRNC College Republican National Committee
CRNC Controlling Radio Network Controller (3GPP)
CRNC Center for Russian Nature Conservation
CRNC Completely Reliable Network Concepts (NYC area Web hosting firm) 
), (http://www.chronicleinc.com) announced Thursday it has agreed to acquire through a newly formed subsidiary, the assets and business of ETA Internet Solutions, Inc. Dale Mulert and John Terrace, two principals of ETAIS, will enter into employment agreements with a newly formed Internet Solutions subsidiary of Chronicle Communications, Inc. Closing is set for Friday, March 17, 2000. ETAIS brings 10 new employees to Chronicle including expertise in ColdFusion(R), JAVA, Macromedia(R) Products, Microsoft SQL Server A relational DBMS from Microsoft that is a major component of the Windows Server System. It is Microsoft's high-end client/server database and is closely integrated with Microsoft Visual Studio and the Microsoft Office System. (R), Microsoft(R) Active Server Page See ASP. (R) (ASP) project management and sales.

ETAIS has positioned itself as web-integration experts with certifications from Microsoft(R), Alcotel, Citrix Systems, Inc., Santa Cruz Operations (SCO (The SCO Group, Lindon, UT, www.sco.com) A leading vendor of Unix operating systems for the x86 platform. SCO had also offered Linux, but abandoned the line in the spring of 2003. The SCO Group is the combination of two companies: Utah-based Caldera, Inc. ), Checkpoint, and Allaire. ETAIS has brought together a strong web-integration staff with database administrators, project managers, high-end ColdFusion(R) developers and programmers in addition to the graphics team for complete web development for its clients. Through the use of the latest technologies ETAIS provides the right tools for the job. ETAIS is the sole provider for Tarantella tarantella (târ`əntĕl`ə), Neapolitan folk dance that first appeared in Taranto, Italy, in the 17th cent. It had rapid 6–8 meter with an increasing tempo and was thought to cure the bite of the tarantula, which supposedly , a proprietary software product by SCO, in the state of Florida. Tarantella acts as a common denominator between computer systems and the Internet. A business can deliver information directly to the end user via the Internet without re-writing the original software using Tarantella. ColdFusion (R) custom applications for the Internet are the fastest way to deliver custom, scalable applications to the Internet using and integrating browsers, servers, database and accounting systems information. ColdFusion (R) is middleware, and offers the ability to push and pull information from multiple geographic locations and multiple computing platforms into a common user interface on the Internet. ETA's client list include, United Space Alliance, Time Warner Telecom Time Warner Telecom NASDAQ: TWTC is headquartered in Littleton, Colorado.

The company provides managed network services, specializing in Ethernet and transport data networking, Internet access, local and long distance voice, VoIP and security, to enterprise
, Inc., Lykes Insurance, Inc., The United Way of Pinellas County Florida, ABR-Ceridian Benefits, Maxxum Medical, and the United States Department of The Navy The United States Department of the Navy and Marine Corps was established by an Act of Congress on April 30, 1798, to provide administrative and technical support, and civilian leadership to the United States Navy and the United States Marine Corps (and when directed by the , Pensacola, Florida.

"This acquisition validates our commitment to Internet technology and forges a foundation from which to expand our business plan and capture market share. ETAIS brings a proven track record of successful `back end' programming and web development critical for the customer who is serious in establishing a dominate presence in today's expanding world of Internet business applications. Our front-end graphics expertise combined with ETAIS allows Chronicle to compete for high-end web development business with the advantage of in-house hardware/software sales & service, training and printing of collateral materials critical in our clients' marketing efforts. We have assembled a team that can completely customize any client's Internet requirements no matter how large or small. The acquisition of ETAIS firmly places Chronicle in the Technology game," said John V. Whitman Jr., Chronicle 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. .

Dale Mulert, formerly President of Red Design and Project Manager of Ad Max Inc., offers a wide range of expertise necessary for the day to day technical challenges of ETAIS. Mr. Mulert has certifications in Cytrix Systems, Inc., "CCA (1) (Common Cryptographic Architecture) Cryptography software from IBM for MVS and DOS applications.

(2) (Compatible Communications A
", Checkpoint, Inc. "CCSE CCSE Check Point Certified Security Expert
CCSE Checkpoint Certified Security Engineer
CCSE College of Computer Sciences and Engineering (Saudi Arabia)
CCSE Center for Computational Science and Engineering
" and "CCSA CCSA Canadian Centre on Substance Abuse
CCSA Common Control Switching Arrangement
CCSA Contemporary Ceramic Studios Association
CCSA Certification in Control Self-Assessment
CCSA California Charter Schools Association
CCSA Checkpoint Certified Security Administrator
" and working knowledge of Local and Wide Area Networks and Internet hosting protocols. Mr. Mulert is the President of the Cold Fusion(R) users group for the Tampa Bay area. Mr. Mulert's combination of software certifications, high level database programming, custom software application development and project management make him the perfect match for the complicated requirement needed to execute the daily requirement for ETAIS.

John Terrace has been with ETAIS since June 1999 and has over 15 years experience in system integration. Mr. Terrace has previously held positions in the Technology Management Services Division for Dataflex Computer Corp., where his primary responsibility was to increase system integration sales for the Tampa and Orlando branch offices. During his tenure at Dataflex Computer Corp., Mr. Terrace procured and managed projects for companies such as Nielsen Media Research, Home Shopping Network “HSN” redirects here. For other uses, see HSN (disambiguation).

The Home Shopping Network (HSN) is a mostly 24-hour shopping network that is seen on cable, satellite, and some terrestrial channels in the United States.
, and Disney Cruise Lines to name a few. Other positions include Business Development Manager for TK Information Services and Senior Systems Consultant for American Semiconductor, Inc.

As consideration for the acquisition, Chronicle will issued 111,111 shares of its common stock, paid down approximately $175,000 in ETAIS's liabilities and assumed approximately $65,000 of ETAIS's liabilities. Assets acquired are valued at approximately $120,000 not including value, which may be assigned to ongoing business operations.

Special Note: Management believes certain statements in this press release may constitute "forward-looking statements" within the meaning 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 are made on the basis of management's views and assumptions regarding future events and business performance as of the time the statements are made. Actual results may differ from those expressed or implied. Such differences may result from actions taken by the company prior to its current fiscal year end, as well as from developments beyond the company's control, including changes in global economic conditions that may, among other things, affect the performance of the company's anticipated acquisitions or future business. In addition, changes in domestic competitive and economic conditions may also affect performance of all significant company businesses.
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Publication:Business Wire
Geographic Code:1USA
Date:Mar 16, 2000
Words:834
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