Citadel's Internet Subsidiary, Shoppingwave.com, to Acquire 2-Lane Media.DALLAS--(BUSINESS WIRE)--Feb. 17, 1999-- 2-Lane is an e-Commerce and e-Business Interactive Award Winning Communications Company Communications Company is a communications unit of the United States Marine Corps. They are part of Combat Logistics Regiment 37 , 3rd Marine Logistics Group (3MLG) and III Marine Expeditionary Force (III MEF). The unit is based out of the Marine Corps Base Camp Smedley D. 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, Shoppingwave.com, announced today that a letter of agreement has been signed to purchase 2-Lane Media. 2-Lane Media is the recipient of 60 major interactive industry awards (website: www.2lm.com) for interactive/multimedia communications, including 2 CLIOs, 4 New Media Visions, 15 Cindys and more. They offer web site and e-commerce design, for a diverse client roster that spans the worldwide Fortune 1000. The transaction is expected to close within 30 days. Other terms have not been disclosed. 2-Lane Media's President Ian Foo states, "The vision at 2-Lane Media has been to utilize the vast potential of multimedia technologies and the Internet to help companies effectively communicate information The 2-Lane media team was one of the first companies to open a new multimedia marketing medium to the film industry by creating Interactive Press Kits for upcoming feature films. 2-Lane also pioneered the use of Macromedia's new interactive Shockwave plug-in, featuring the technology in sites for several major motion pictures. The Company's client list reads like a "Who's who Who’s Who biographical dictionary of notable living people. [Am. Hist.: Hart, 922] See : Fame " of industry leaders including Nestle, Disney, Transamerica, Golden Books, Rockwell International Rockwell International was the ultimate incarnation of a series of companies under the sphere of influence of Willard Rockwell, who had made his fortune after the invention and successful launch of a new bearing system for truck axles in 1919. Corp. and Tenet Healthcare Tenet Healthcare Corporation (THC) is an operating company that owns and operates 57 hospitals in the United States [1]. It is based in Dallas, Texas. Its stock ticker symbol on the New York Stock Exchange is NYSE: THC. . 2-Lane has also recently signed several new e-commerce accounts including Prolong, a leading manufacturer of car-care products, and Pacific Sunwear Pacific Sunwear (also known as PacSun) is a shopping mall retail store that sells surfing and skateboarding clothing and accessories for teenagers and young adults. It was originally based in Newport Beach, California, United States. , the largest national retailer of active and beachwear for teens and twentysomethings. Both projects revolve around Verb 1. revolve around - center upon; "Her entire attention centered on her children"; "Our day revolved around our work" center, center on, concentrate on, focus on, revolve about creating lifestyle-appropriate communities that integrate with an on-line shopping environment." 2-Lane Media's 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. , David Lane David Lane may refer to;
Steve Solomon, President & CEO of Citadel said, "2-Lane is a proven group of industry award winners who have an excellent grasp on creating competitive and meaningful interactive communications that connect content and user effectively. The management and employees at 2-Lane understand the business objectives we have planned for shoppingwave.com. We are confident that their broad experience in e-commerce, e-business, advertising/marketing and training solutions for business to business and consumer markets will be a great addition in making shoppingwave.com a premier e-commerce site in record time." Solomon continued, "2-Lane represents the first of what is likely to be one of many future strategic partnerships that we are currently exploring to help realize our vision for shopping wave.com." Citadel previously announced that it has set March 1, 1999 as the record date for the Internet spin off stock dividend for shoppingwave.com making February 24th the Ex-date, and that it has decided to pursue an initial public offering (IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. ) for the new Internet See Web 2.0 and Internet2. subsidiary. Shoppingwave.com seeks to become a leading e-commerce site. Shoppingwave.com seeks to become a leading e-commerce site. The company will initially launch two brand concepts. The first is to become the leading consolidator and repository of on-line "How To" information and training. Shoppingwave.com's sites will include on-line courses and information on how to do almost anything, from fixing leaky faucets to creating macros in Microsoft Excel (tool) Microsoft Excel - A spreadsheet program from Microsoft, part of their Microsoft Office suite of productivity tools for Microsoft Windows and Macintosh. Excel is probably the most widely used spreadsheet in the world. Latest version: Excel 97, as of 1997-01-14. (tm). The company seeks to create a site that will be a leading destination for anyone who needs help in learning anything. One of the first anchors of the shoppingwave.com internet mall will be the Citadel Campus, which offers interactive, on-line training courseware for the industry's top software applications from companies such as Microsoft(tm), Netscape(tm), Lotus(tm), Symantec(tm), Intuit in·tu·it tr.v. in·tu·it·ed, in·tu·it·ing, in·tu·its Usage Problem To know intuitively. [Back-formation from intuition. (tm) and Adobe(tm). For more information about Citadel Technology Inc. call 1-800-962-0701 or visit the company website at www.citadel.com. For more information about 2-Lane Media call 310-473-3706 or visit the company website at www.2lm.com. The above statements are not strictly historical facts and include forward-looking statements 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: the completion of the acquisition, timing and delays related to distribution of an information statement based on the SEC review process, 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. |
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