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Datatec Press Release.


ALPHARETTA, Ga. -- The management of Datatec Systems, Inc. and Datatec Industries, Inc. (collectively, "Datatec") is pleased to announce that, on February 18, 2005, the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area.  Bankruptcy Court bankruptcy court n. the specialized Federal court in which bankruptcy matters under the Federal Bankruptcy Act are conducted. There are several bankruptcy courts in each state, and each one's territory covers several counties.  for the District of Delaware Delaware, state, United States
Delaware (dĕl`əwâr, –wər), one of the Middle Atlantic states of the United States, the country's second smallest state (after Rhode Island).
 has, pursuant to Section 363 of the United States Bankruptcy Code Bankruptcy Code may refer to:
  • Bankruptcy in Canada
  • Bankruptcy in the United States
  • Bankruptcy in China
, approved the sale of substantially all of the assets of Datatec to Eagle Acquisition Partners, Inc. ("Eagle"). Eagle was formed in December, 2004 and its investors include Raul Pupo, the former 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 Datatec, and certain former senior managers of Datatec. The sale is expected to close on or about March 4, 2005. Mr. Pupo, who has 30-years of experience in founding and successfully operating IT service companies in the United States and internationally, announced that "I know this is a great day for the customers and employees of Datatec. Datatec has always had a history of exhibiting service leadership in the areas of staging, configuration and deployment. With this clean slate Noun 1. clean slate - an opportunity to start over without prejudice
fresh start, tabula rasa

chance, opportunity - a possibility due to a favorable combination of circumstances; "the holiday gave us the opportunity to visit Washington"; "now is your chance"
 and renewed financial strength, the Company is poised to become the market leader in this growing space."

About Datatec Systems, Inc.

Datatec Systems specializes in the large-scale deployment of networking technologies. Datatec's deployment services utilize a software-enabled implementation model and "best-practices" structured process to ensure consistent outcomes. Datatec's customers include Fortune 1000 Companies with large, complex, multi-branch environments and world class technology providers.
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Publication:Business Wire
Date:Feb 21, 2005
Words:219
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