Digital Commerce acquires InterFed Group.FAIRFAX, Va.--(BUSINESS WIRE)--May 7, 1996--Digital Commerce Corp.(TM) (DCC (1) (Direct Cable Connection) A Windows 95/98 feature that allows PCs to be cabled together for data transfer. DCC actually sets up a network connection between the two machines. ) announced that the company has acquired InterFed Group Inc., a Vienna, Va., privately held interactive web site developer. DCC entered into a Stock Purchase Agreement to gain 100 percent of the issued and outstanding shares, options and warrants of InterFed Group Inc. in a transaction valued at $3.5 million. David J David J. Haskins (b. April 24, 1957, in Northampton, England) is a British alternative rock musician. He was the bassist for the seminal gothic rock band Bauhaus. Life and work . Beers, founder of InterFed Group Inc., will continue as president of DCC's newest subsidiary. Digital Commerce Corp. (DCC) is a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. , based in Fairfax, which develops electronic, web-based international transactional services for the exchange of unregulated commodity products on the Internet. "Our acquisition of InterFed is an important step in building a family of product offerings which will allow us to take a leadership position in transactional services," said John T. Royall, DCC chairman and chief executive officer. "InterFed's award-winning FEDCENTER.COM (1) (Computer Output Microfilm) Creating microfilm or microfiche from the computer. A COM machine receives print-image output from the computer either online or via tape or disk and creates a film image of each page. is an excellent example of the kinds of services we're interested in -- those that provide creative solutions for information exchange and eventually, online commerce business where no such solutions currently exist." On November 7, 1995, FEDCENTER.COM, the first established "cluster" Web site developed by InterFed Group, came online. The site offers instant access to resources and information for the government Information Technology (IT) community and is receiving more than 100,000 visits per day. To date, many of the IT leaders, such as 3Com, Intel, BMC Software, Compaq, IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , Informix, Logic Works, Lotus, Sybase and Tektronix, have an established presence at the site. In addition, the site offers 25,000 Information Technology (IT) seminars and educational events that are available for registration through FEDCENTER's powerful software search engine. FEDCENTER.COM has recently received the coveted cov·et v. cov·et·ed, cov·et·ing, cov·ets v.tr. 1. To feel blameworthy desire for (that which is another's). See Synonyms at envy. 2. To wish for longingly. See Synonyms at desire. Magellan Three Star Award given by the McKinnley Group for ease of use, depth of content and uniqueness. CONTACT: DeVries Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most Bill Reihl, 212/891-0494 104231.3257@compuserve.com |
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