Diversified Marketing Services Completes Acquisition; Changes Name to InFOREtech Wireless Technology.Business/Sports Editors &High-Tech/Golf Writers SEATTLE--(BUSINESS WIRE)--Feb. 2, 2000 Diversified Marketing Services Inc. today announced that it has completed its acquisition of inFOREtech Golf Technology 2000 Inc., and changed the company's name to inFOREtech(R) Wireless Technology Inc. The company commenced trading last week on the NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. under the symbol &uot;WYRE.&uot; In conjunction with the acquisition, inFOREtech also completed a private placement of 775,000 shares, representing total proceeds to the company of $3.15 million. inFOREtech(R) Wireless Technology is the developer of the inFOREmer(TM) 2000 Golf information system, a GPS-based, wireless and portable recreational device (PRD PRD progressive retinal degeneration. ). About inFOREtech Wireless Technology inFOREtech(R) Wireless Technology applies the global positioning system Global Positioning System: see navigation satellite. Global Positioning System (GPS) Precise satellite-based navigation and location system originally developed for U.S. military use. (GPS) and wireless technology to information systems for the golf and recreational industries. The company's initial product, the inFOREmer 2000, is the first, patent pending, sophisticated communications network The transmission channels interconnecting all client and server stations as well as all supporting hardware and software. that utilizes Internet protocols Refers to all the standards that keep the Internet running. The foundation protocol is TCP/IP, which provides the basic communications mechanism as well as ways to copy files (FTP) and send e-mail (SMTP). to provide a wireless information system to enhance recreational value, increase golf course profits and improve player safety. The company's mission is to become the leading international supplier of wireless, hand-held portable recreational devices for applications worldwide. Additional information can be obtained from the company's Web site at www.inforetech.com. |
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