EBIZ Enterprises Acquisition of JustLinux.com Cancelled.SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Nov. 23, 1999-- EBIZ EBIZ Electronic Business Enterprises Inc., (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : EBIZ) Tuesday announced that the company's planned acquisition of JustLinux.com will not be completed at this time. In final negotiations the parties could not agree on terms and further negotiations are not currently anticipated. "Although we are not proceeding with this acquisition, we are in discussions with other similar Web site organizations that provide community resources and services, and intend to pursue discussions with one or more of them at an appropriate time. "We will also be developing internally some of the additional capabilities we had planned to obtain through this acquisition," stated Jeffrey Rassas, 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 EBIZ. About EBIZ Enterprises Inc. Ebiz Enterprises is a leader in the Linux market providing community resources and services, technology expertise and a comprehensive line of Linux-based product solutions. The company's e-commerce Web site www.TheLinuxStore.com provides "Everything Linux Everything Linux, also known as elx.com.au, is an Australian Linux and general IT e-commerce retailer. It was first opened in 1999 by Anthony Rumble, and is currently located in the Sydney suburb of Silverwater. " and offers the largest selection of Linux-compatible technical products and related items, including desktop and notebook computers, workstations, servers, hardware components, peripherals, software, books and apparel. TheLinuxStore.com is the value leader in the Linux market, furthering the vision of Linux being a low-cost, high performance alternative. The statements in this press release may contain 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. . Anticipated results are subject to numerous contingencies. Actual results could differ materially from those described herein as a result of certain factors and circumstances. (c)1999, EBIZ Enterprises Inc. TheLinuxStore.com is a trademark of EBIZ Enterprises Inc. Linux is a trademark of Linus Torvalds Linus Benedict Torvalds (born December 28 1969 in Helsinki, Finland) is a Finnish software engineer best known for initiating the development of the Linux kernel. . |
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