DelOtto Systems, Inc. Changes Its Name to 4netSoftware, Inc.Business Editors NEW YORK--(BUSINESS WIRE)--July 12, 2000 Today, 4networld.com, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :FNTW) announces that its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , DelOtto Systems, Inc. has changed its name to 4netSofware, Inc. The Company reported that the name change will better reflect 4networld.com's ownership of DelOtto Systems. 4networld.com plans to expand the product offerings of b2b internet solutions through a portfolio of businesses owned by the Company. Steven Ste´ven n. 1. Voice; speech; language. Ye have as merry a steven As any angel hath that is in heaven. - Chaucer. 2. An outcry; a loud call; a clamor. To set steven to make an appointment. N. Bronson, Chairman and President of 4networld.com, stated "The name change of DelOtto Systems to 4netSofware, Inc. is a further step towards 4networld.com's strategy of developing brand name recognition for its technological platform." Michael P. Park, President of 4netSofwtare, added "The change of our name to 4netSoftware, Inc., will better reflect our corporate identity and will allow us to integrate our marketing efforts with 4networld.com to improve our exposure in larger markets." 4netSoftware, Inc. (http://www.4netsoftware.com) is a developer of content management software and web development of business-critical Web sites. 4netSoftware's flagship product A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. , 4netManager, seamlessly bridges the gap between content creation and content delivery by giving non-technical users the ability to update and maintain their own web site. The customer self care functionality eliminates the cost of web site maintenance, and improves the process of sustaining a dynamic online presence. 4netSoftware's objective is to become the premier business-to-business provider of content management solutions for the business community. About 4networld.com, Inc. 4networld.com, Inc., (http://www.4networld.com), plans to make acquisitions and strategic investments in companies that have developed unique, turnkey systems A complete system of hardware and software delivered to the customer ready-to-run. In other words, just "turn the key" and go.  A Turnkey Video System , that provide businesses with Internet related products and services. 4networld's objective is to become a premier business-to-business ("B2B") Internet enabling company by acquiring solution companies in major segments of the Internet economy The Internet Economy refers to conducting business through markets whose infrastructure is based on the Internet and World-Wide Web. An Internet economy differs from a traditional economy in a number of ways, including: communication, market segmentation, distribution costs, and price. . 4networld's strategy is to acquire controlling interests 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 in each company in which it invests and to integrate its portfolio of companies into a collaborative network that leverages the collective knowledge and resources of 4networld. In addition to providing management and financial support, 4networld will also assist in the marketing, sales, and accounting functions for each acquired company. Certain of the statements contained herein are 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. within the meaning of 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 . Such statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those included in the forward-looking statements. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. The Company undertakes no obligation to update publicly any forward-looking statements to reflect the occurrence of unanticipated events. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion