Printer Friendly
The Free Library
5,669,962 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Citadel's Internet Subsidiary, Inlighten.com Announces Letter of Intent to Acquire BPG Worldwide.


DALLAS--(BUSINESS WIRE)--April 30, 1999--

BPG BPG Blocks Per Game (basketball statistic)
BPG Bisphosphoglycerate
BPG Bi-National Planning Group (NORADHQ)
BPG Belgian Polymer Group
BPG Binational Planning Group
 Worldwide(tm) Delivers Award Winning Strategic Digital Advertising, Interactive Communications and Media Production Solutions

Citadel Technology, Inc. (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
:CITN), a provider of network and desktop security software products, and its Internet e-commerce subsidiary, Inlighten.com, announced today that a letter of agreement has been signed to acquire BPG Worldwide(tm) ("BPG"). BPG, based in Silicon Valley, is the recipient of over 150 major industry awards for interactive/multimedia, Internet site development and film/video productions including @d:tech, Tellys, Flames, Auroras, Communicators, AAF/Addys, Chicago Film Festival and more. BPG Worldwide(tm) is an industry leader in emerging media production services, consulting and software development for an international client roster that includes many Fortune 1000 companies, international corporations and Internet technology leaders.

BPG's strategic approach to digital advertising, interactive communications and integrated media production has attracted current clients such as Intel, Cisco, Coca-Cola, @Home/Excite, Forbes, Netscape, Sun Microsystems Sun Microsystems, Inc. (NASDAQ: JAVA[3]) is an American vendor of computers, computer components, computer software, and information-technology services, founded on 24 February 1982.  and more. Recent projects include Intel's Pentium(R) III release CD-Rom, Ericsson's RF Power website, Macy's point-of-purchase DVD DVD: see digital versatile disc.
DVD
 in full digital video disc or digital versatile disc

Type of optical disc. The DVD represents the second generation of compact-disc (CD) technology.
 and Adaptec's flag-ship software EZ CD Creator's revised interface design with integrated interactive help program.

BPG Worldwide(tm) President & 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. , Ephraim Lindenbaum, stated, "BPG's expertise in the field of strategic and emerging technologies comes from a long history of working with leading hardware and software companies in the early stages of product development, testing and marketing. BPG delivers state-of-the-art solutions through developer relations with companies that include Oracle, Macromedia, Microsoft, Netscape, Real Networks, Truevision, Optibase, Sun and many others."

Mr. Lindenbaum continued, "Our long-term recognition for being among the best and most talented teams working in interactive/multimedia communications, has increasingly made us an attractive acquisition target. After carefully considering many possible suitors, we believe that choosing Inlighten.com as our parent company offers us the best possible fit for continued development. I anticipate that our joined forces will allow us to develop into industry leaders."

Steve Solomon, President & CEO of Citadel and Chairman of Inlighten.com said, "BPG's strength lies in its relationships and access to the most advanced hardware and software companies that research and develop the tools that integrate audio, video, graphics and networks. We are confident that the addition of BPG Worldwide(tm) to our already completed acquisition of 2-Lane Media and our soon to be finalized acquisition of The Forward Companies, will allow Inlighten.com to offer a wide array of content with the most evolved Internet, e-commerce, interactive multimedia streaming and digital video products." Mr. Solomon continued, "This acquisition allows us to accelerate our plans and vision to make Inlighten.com one of the leading Internet, e-commerce and multimedia streaming portals of the future."

The Inlighten Community will include numerous business and consumer portals, including How2HQs, the RebatesHQ, as well as others currently under development.

For further information on Inlighten.com or Citadel Technology, visit our homepages at www.inlighten.com or www.citadel.com Contact us directly by writing or calling: 3811 Turtle Creek Turtle Creek may refer to: Streams
  • Turtle Creek (Dallas County, Texas), a tributary of the Trinity River
  • Turtle Creek (Kerr County, Texas), a tributary of the Guadalupe River
  • Turtle Creek (Matagorda County, Texas)
 Blvd., Suite 600, Dallas, Texas “Dallas” redirects here. For other uses, see Dallas (disambiguation).
The City of Dallas (pronounced [ˈdæl.əs] or [ˈdæl.
 75219; phone: 214.520.9292; fax: 214.520.9293. For media or investor relations Investor relations

The process by which the corporation communicates with its investors.
 contact: The Investor Relations Group at 212.664.8489.

For more information about BPG Worldwide call 408-559-6300 or visit the company website at www.bpg.net.

The above statements that are not strictly historical facts include 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.
 that involve a number of risks and uncertainties. The actual results of the future events described in such forward-looking statements could differ materially as a result of, among other things, the following: completion of the proposed acquisition, timing and delays related to distribution of an information statement based on the SEC review process, no assurances of an initial public offering based on market conditions and suitable underwriters, uncertainty relating to relating to relate prepconcernant

relating to relate prepbezüglich +gen, mit Bezug auf +acc 
 NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
 listing, implementation of Internet strategies, integration of technology, transition of selling and distribution methods, the availability of capital on terms acceptable to the Company, general economic conditions, competition, the market for the network software products, software development costs and possible future litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute.

When a person begins a civil lawsuit, the person enters into a process called litigation.
, as well as the risks and uncertainties discussed in the Company's public reports and filings and public statements.
COPYRIGHT 1999 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1999, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Geographic Code:1USA
Date:May 3, 1999
Words:683
Previous Article:Corporate Profile for CE Software, Inc., dated April 30, 1999.
Next Article:Textron Names Elsborg President of Power Transmission Products; Elsborg to Lead Power Transmission Products' Accelerated Global Expansion.
Topics:



Related Articles
Wicks buys Georgetown Pub. for $20 million.
GEORGETOWN PUBLISHING SOLD TO WICKS BUSINESS INFORMATION.(Brief Article)
Wicks buys all of Economics Press's newsletters.
Wolters Kluwer breaks acquisition streak with sale of two Aspen titles to Wicks Business Info.
BPG's triple aquisition.(BPG Properties Ltd.)(Brief Article)
Ashforth retained to manage 137,000 s/f CT office tower.(Brief Article)
BPG Properties finds Treasury of a tenant.(New Jersey. Department of the Treasury real estate constract)(Brief Article)
BPG continues to grow multi-family portfolio with $12m FL purchase.(Commercial Sales & Leasing)
Masachusetts office developments bought and sold.(NATIONAL ROUND-UP)
BPG Properties sells Valley Forge distribution center.(NATIONAL ROUND-UP)

Terms of use | Copyright © 2009 Farlex, Inc. | Feedback | For webmasters | Submit articles