Digital Commerce International Closes Merger Transaction With NetCare Health Services.Business Editors NEW YORK--(BUSINESS WIRE)--Feb. 12, 2002 Digital Commerce International, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :THBK) announced that on January 31, 2002 it closed its merger transaction with NetCare Health Services health services Managed care The benefits covered under a health contract , Inc. Upon approval by the stockholders of the company, Digital Commerce International will change its name to NetCare Health Group, Inc. and will request a new ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors . Management anticipates receiving approval of this transaction within 30 days. The company's 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. conducts business under the name NetCare Health Services Inc. Edward A Foster, 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 NetCare Health Services, said: "We expect that this merger will enable us to expand aggressively into new markets with the same quality service levels that we have previously demonstrated. From the beginning, we have planned for both organic growth and through strategic acquisitions. With the completion of the merger, we will be in a position to proceed as planned. Growth will allow us to make use of economies of scale and through larger volumes improve our buying power, which should positively affect our margins." About NetCare Services, Inc. NetCare Health Services, Inc. is a licensed pharmacy company located in Middletown, Conn., providing in-house LTC LTC abbr. lieutenant colonel (long term care) pharmacy services for LTC facilities in the State of Connecticut, planning to soon expand with licensing into New York, New Jersey, Kentucky and Ohio markets. Services include prescription fulfillment, staffing, insurance and Medicare processing for its LTC network of clients. 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: The statements contained herein which are not historical fact are forward-looking statements that are subjected to risks and uncertainties that could cause actual results to differ materially form those expressed in the forward-looking statements, including, but not limited to, certain delays in testing and evaluation of products and other risks detailed from time to time in Digital Commerce International's filings with the Securities & Exchange Commission. |
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