ColumbusNewport Provides Financing and Strategic Business Services to Veronex; Merchant Banking Supports Veronex AsiaPacific Technology and E-Commerce Application Development.IRVINE, Calif.--(BUSINESS WIRE)--Nov. 10, 1999-- ColumbusNewport LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a leading e-commerce e-commerce, commerce conducted over the Internet, most often via the World Wide Web. E-commerce can apply to purchases made through the Web or to business-to-business activities such as inventory transfers. merchant banker and strategic business services organization, Wednesday announced that it has entered into a merchant banking and strategic business services agreement with Veronex Technologies Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:VXTK), a firm that designs, develops, licenses and supports computer software products for complete enterprisewide management application development and implementation. "Veronex's I-Nova System technology and e-commerce application development contract in Asia-Pacific represents innovative information technology development in the e-commerce arena," said Michael Gordon Michael Gordon may refer to:
"This opportunity supports ColumbusNewport's objective of becoming the partner of choice for emerging stage e-commerce companies both domestically and internationally. Our goals and accompanying enhanced visibility can be rapidly advanced by the synergistic synergistic /syn·er·gis·tic/ (sin?er-jis´tik) 1. acting together. 2. enhancing the effect of another force or agent. syn·er·gis·tic adj. 1. combination of ColumbusNewport's management, finance, operations and technology experience and Veronex's I-Nova System technology." As a partner company, Veronex benefits from ColumbusNewport's support programs. ColumbusNewport facilitates and encourages cooperation among its partner companies to cross-market their products and services where appropriate, which increases brand recognition, penetration and reduces marketing costs for each company. "ColumbusNewport's management and board of directors are industry leaders with extensive insight and wisdom based on years of managing, financing and consulting with hundreds of growth-stage companies," said David A. Hite, 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. , Veronex Technologies. "They will provide the national profile and proven relationships that deliver outstanding results generating maximum returns for Veronex. "ColumbusNewport will significantly increase our business opportunities through its network of global offices and extensive strategic relationships in both the commercial and government sectors." Veronex's I-Nova System is a fully integrated business application development, modernization modernization Transformation of a society from a rural and agrarian condition to a secular, urban, and industrial one. It is closely linked with industrialization. As societies modernize, the individual becomes increasingly important, gradually replacing the family, and migration tool-set for competitive, innovative and flexible business systems solutions. The I-Nova System enables software developers and maintenance staff to save time and optimize optimize - optimisation quality in application development through effective reuse reuse - Using code developed for one application program in another application. Traditionally achieved using program libraries. Object-oriented programming offers reusability of code via its techniques of inheritance and genericity. of common business functions. This reuse results from a library of standard common business functional modules in a single run-time program (application manager) that reads and executes an application template (1) A pre-designed document or data file formatted for common purposes such as a fax, invoice or business letter. If the document contains an automated process, such as a word processing macro or spreadsheet formula, then the programming is already written and embedded in the . This unique template driven process does not require any knowledge of programming, is self-documenting, portable and extremely cost effective when developing and maintaining business applications. ColumbusNewport was formed recently with the merger of Newport Capital Partners, LLC, Irvine, and The Columbus Group, LLC, Arlington Va., to offer financial and strategic business services and operational support for e-commerce entrepreneurs and their companies. The company focuses on e-commerce companies, particularly on companies focused on fundamentally changing the way companies do business by capitalizing on the capabilities, flexibility and velocity of the Internet. For more information, visit the ColumbusNewport Web site at http://www.columbusnewport.com. |
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