Cobra Technology, Inc. to Acquire Pinneast.com.CORAL SPRINGS Coral Springs, city (1990 pop. 79,443), Broward co., SE Fla.; inc. 1963. Largely residential, it is a city that has grown rapidly along with the southern Florida and Fort Lauderdale area. The population of Coral Springs nearly doubled between 1980 and 1990. , Fla.--(BUSINESS WIRE)--April 30, 1999-- Cobra Technologies, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: CBRA CBRA California Biomedical Research Association CBRA Coastal Barrier Resources Act of 1982 (US) CBRA Canadian Book Review Annual CBRA Canadian Biosphere Reserves Association CBRA Canadian Broadcasters Rights Agency ), announced today that it has reached a definitive agreement to acquire West Columbia, South Carolina-based pinneast.com, Inc. for a combination of cash and stock. Since 1994, pinneast.com has been a leader in the development of programs that combine graphics, video and text to produce interactive solutions for business, industry and government. Pinneast's clients include leading manufacturing and service companies across the United States; among them are Northern Telecom, Delta Airlines, Nations Bank, and the US Army. Cobra Technologies, Inc. main business is to consolidate synergistic computer, Information technology, communications and electronics technology companies involved in high growth niche markets. Forward-looking statements 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. Forward-looking statements are based on current management expectations that involve risks and uncertainties that may result in such expectations not being realized. Potential risks and uncertainties include, but are not limited to, the risks described in filings with the Securities and Exchange Commission. |
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