CyberInformation in Merger Talks With NASDAQ Listed Company.LAS VEGAS--(BUSINESS WIRE)--Oct. 6, 1997--CYBERINFORMATION Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB SYMBOL: CYIF) a Nevada-based company that functions as a premier multimedia advertising and corporate communications Corporate communications is the process of facilitating information and knowledge exchanges with internal and key external groups and individuals that have a direct relationship with an enterprise. Internet and Intranet developer, announced today the company has entered into merger/acquisition negotiations with a publicly traded 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 listed company listed company n → compañía cotizable listed company n → société cotée en Bourse listed company list n → . The terms of the possible merger were not disclosed. Additionally, the company stated due to the recent CUSIP number CUSIP Number An identification number assigned to all stocks and registered bonds. The Committee on Uniform Securities Identification Procedures (CUSIP) oversees the entire CUSIP system. Notes: This system is used in the U.S. and Canada. change that it was imperative that all shareholders remit their shares to the transfer agent for their new certificates in the next 30 days. David T. Zussman, president and 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. of CyberInformation Inc. stated, "I have received instructions from my directors to focus all available energies on completing this merger/acquisition. I have now placed these negotiations on a "fast track" order of business and can confidently say that this merger/acquisition will be done in an extremely short time frame." When asked about the recent activity in CYIF, Zussman stated, "One of the technologies that CyberInformation is using has caused much interest in our company, not only in the investment community, but also among our industry peers. Additionally, we have found the recent alliance with Solay Investment Bankers Investment Banker A person representing a financial institution that is in the business of raising capital for corporations and municipalities. Notes: An investment banker may not accept deposits or make commercial loans. has afforded us new opportunities and alternatives that were not available to us before. We feel that our shareholders will be pleased with our new course. We plan on using the rest of 1997 as a time to consolidate our very fragmented business sector, which we feel, still contains selective opportunities with very solid companies." -0- 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. Disclaimer: This release may contain forward-looking statements that involve risks and uncertainties, including, without limitation, continued acceptance of any company's products and services, increased levels of competition, new products and technological changes, the company's dependence upon financing, third party suppliers and intellectual property rights and other risks detailed from time to time in various company disclosures and filings, annual reports, offering memorandums, or prospectuses. There can be no assurances that any of the above plans can be completed, or that these occurrences will provide a benefit for the company. CONTACT: The Center For Business Resources Todd Hickman, 409/755-0504 FAX: 409/755-0506 or Solay Inc. Kimberly, 619/566-6660 |
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