Cyberfast Announces Acquisition Details.Business Editors LA JOLLA, Calif.--(BUSINESS WIRE)--Nov. 13, 2001 Cyberfast Systems Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CYSI CySi Cyber Society of India CYSI Coalition of Young Social Innovators CYSI Catholic Youth Sports Informer CYSI Children and Youth Services Initiative ) and ID Four Ltd. (OTCBB:IDFR IDFR Institute of Diplomacy and Foreign Relations (Malaysia) ) today announced the details of the recent acquisition of TLCO TLCO Technical Requirements Manual Limiting Condition for Operation Software. Cyberfast Systems Inc. today announced the details of the recent acquisition of ID Four's TLCO Software division. Cyberfast Systems Inc. agreed to exchange 80 percent of the company and controlling interest controlling interest The ownership of a quantity of outstanding corporate stock sufficient to control the actions of the firm. Controlling interest often involves ownership of significantly less than 51% of a firm's outstanding stock because many owners fail to ID Four Ltd. for the purchase of TLCO Software. The acquisition of TLCO includes IDC Technology licenses, contracts, strategic business partner relationships, Discovery CD distribution programs and access to the 1.3 million plus database of existing "IDC" users. TLCO also brings to Cyberfast proprietary software code for the company's Web Factory family of products, inventory in excess of one million dollars plus a host of smaller E-commerce Web sites. Cyberfast Systems new focus will be on the development and distribution of IDC Technology. IDC (Intelligent Digital Communication) Technology is an application developed for PC Users as a pre-emptive pre·emp·tive or pre-emp·tive adj. 1. Of, relating to, or characteristic of preemption. 2. Having or granted by the right of preemption. 3. a. problem solving and advance Virus Alert System by use of intelligent pre-determined criteria and one-way messaging, always protecting the privacy and identity of the end user. More information and a free download version of IDC Technology will be available later this week at: www.cyberfastsystems.com Cyberfast confirmed the resignation of Edward and Itir Stackpole from the Board of Directors effective Nov. 9, 2001. The company will be further announcing a new board of directors and launching the redesigned Web site: www.cyberfastsystems.com later this week from the company's new La Jolla, Calif., corporate offices. A spokesperson for ID Four announced today, David Cooper will be replacing Roger Pawson as the president of ID Four Ltd. later this week. "Safe Harbor" statement under 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: This release contains forward-looking statements that are subject to risks and uncertainties, including, but not limited to, the impact of Competitive products and pricing, product demand and market acceptance, new Product development, reliance on key strategic alliances, availability of Raw materials, the regulatory environment, fluctuations in operating results And other risks detailed from time to time in the Company's press releases. |
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