Dicut Inc. Announces a Management Agreement and Option to Purchase Expidant, Inc.Business/Technology Editors MARIETTA, Ga.--(BUSINESS WIRE)--April 26, 2002 Dicut, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). .BB: DCUT) announces that it has entered into a Management Agreement and Option to Purchase Expidant Inc. (www.expidant.com), an interactive foundry. Expidant provides secure web services (1) Loosely, any online service delivered over the Web. Such usage appears in articles from non-technical sources, but not in IT-oriented publications, because definition #2 below describes the correct use of the term. and complements Dicut and it's divisions' Information Security focus. By providing such services as Security Modeling and IT Security Auditing, Secure Database Architecting and Performance Tuning Performance tuning is the improvement of system performance. This is typically a computer application, but the same methods can be applied to economic markets, bureaucracies or other complex systems. , Systems Analysis, Systems Design and Integration, Application Development, Object Oriented See object technology and object-oriented programming. Modeling and Design, Secure Managed Hosting and Brand Security, Expidant is a perfect compliment to the direction of Dicut and its divisions. "Expidant plays a key role in the overall scope of Dicut, Inc. With the Secure Services they bring, Expidant gives us the ability to offer a number of new services as well as continue to develop new and exciting security technologies. Expidant also provides Dicut with a creative arm to develop dynamic products for the internet and new media industries, as well as providing Dicut and it's divisions with a solid secure branding and secure hosting solution." stated Pierre Quilliam, President of Dicut Inc. Expidant clients range from Fortune 1000 companies to smaller, progressive-minded organizations in industries as diverse as telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. , utilities, wholesale and business retail, manufacturing, civic organizations and online ventures. Ending Fiscal Year 2001 Expidant generated $3.9 Million in annual sales. This news release contains 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. that involve risks and uncertainties. Forward-looking statements in this document and those made from time to time by the Company through its senior management are made pursuant 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. provisions 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 of 1995. Forward-looking statements concerning future plans or results are necessarily only estimates and actual results could differ materially from expectations. Certain factors that could cause or contribute to such differences include, among other things, potential fluctuations in quarterly results, the size and timing of award and performance on contracts, dependence on large contracts and a limited number of customers, lengthy sales and implementation cycles, changes in management estimates incident to accounting for contracts, availability and cost of key components, market acceptance of new or enhanced products and services, proprietary technology and changing competitive conditions, system performance, management of growth, dependence on key personnel, ability to obtain project financing Project financing A form of asset-based financing in which a firm finances a discrete set of assets on a stand-alone basis. , general economic and political conditions and other factors affecting spending by customers and other risks, uncertainties and factors including those described from time to time in the company's filings with the Securities and Exchange Commission, including without limitation, the company's Form 10K for the year ending December 31, 2000 and its quarterly reports on Form 10Q. |
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