Cormax Business Solution Acquires Expanded Systems Solutions.Business Editors, High-Tech Writers CALGARY, Alberta--(BUSINESS WIRE)--April 5, 2001 (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CMXS), The management of Cormax is pleased to announce the acquisition of Expanded Systems Solutions Inc., a Calgary based Wide Area Network Infrastructure Provider using the latest technologies available in Wireless and Terrestrial based solutions from companies like Marconi, WaveRider, Nortel, Motorola, and Cisco. "The acquisition of Expanded Systems has an immediate impact on the assurance of our long term success. The current market condition made it possible for Cormax to acquire a gem like Expanded Systems. Expanded has a seven-year track record in their industry and an excellent client list. Cormax acquired a great sales team and an excellent technical team with the acquisition. Expanded has been a key distributor for major telecommunication corporations and have an excellent reputation for their network ability," said Todd Violette, President. The synergies created by the acquisition of Expanded by Cormax will assist in the development of Cormax's Long Term Business Plan. The acquisition is expected to cause higher profit margins for both Expanded and Cormax as they combine their product offerings to their current business relationships and open up new opportunities. Expanded Systems is a provider of "turn key" wide area network solutions supported by a highly specialized technical team that designs, implements and maintains a variety of networks for customers throughout Canada and the United States The United States and Canada share a unique legal relationship. U.S. law looks northward with a mixture of optimism and cooperation, viewing Canada as an integral part of U.S. economic and environmental policy. . The Company also delivers a wide range of wide area network technologies that include: Private carrier based A transmission system that generates a fixed frequency (carrier) to contain the data being transmitted. See carrier. networks, Internet Virtual Private Network, Internet Firewalls A firewall that is used to shield users from the Internet. See firewall. connections, Secure Remote Access connections, Private wireless last mile solutions, Voice over IP and video surveillance / video conferencing See videoconferencing. (communications) video conferencing - A discussion between two or more groups of people who are in different places but can see and hear each other using electronic communications. technologies. This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject 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. created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. For those statements, the Company claims the protection of the safe harbor for 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. provisions contained in 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 and any amendments thereto. Such forward-looking statements by definition involve risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from the future results, performance or achievements expressed or implied by such forward-looking statements. In particular, there is no assurance that reserves, production, pricing levels or other factors pertaining per·tain intr.v. per·tained, per·tain·ing, per·tains 1. To have reference; relate: evidence that pertains to the accident. 2. to the manufacturing and retail operations will be sustained at the expected rates or levels over time. Discussions of factors, which may affect future results, are contained in the Company's most recent filings. Under no circumstances does this press release constitute an offer to sell or a solicitation solicitation In criminal law, the act of asking, inducing, or directing someone to commit a crime. The person soliciting another becomes an accomplice to the crime. The term also refers to the act of obtaining bribes, as well as to the crime of a prostitute who offers sexual of an offer to buy the securities of the Company described in this press release in which such offer, solicitation or sale of securities would be unlawful prior to registration, qualification or filing under the securities laws of any jurisdiction. |
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