EBIZ Enterprises and LinuxMall.com Finalize Merger Agreement.Business Editors, High-Tech Writers SCOTTSDALE, Ariz.--(BUSINESS WIRE)--August 7, 2000 EBIZ EBIZ Electronic Business Enterprises Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :EBIZ), and LinuxMall.com today announced that they have finalized and signed their merger agreement. The alliance of TheLinuxStore.com, a division of EBIZ, and LinuxMall.com will position the combined company as the largest vendor-neutral Linux solutions provider in the industry. EBIZ will acquire all outstanding stock and assume the outstanding debt of LinuxMall.com. The combined companies will be headquartered in Scottsdale, Ariz., and offer the most comprehensive selection of Linux products and solutions, information and services. "Forbes.com called the combination of LinuxMall.com and EBIZ 'A Marriage made in Linux Heaven,' and I agree," said Jeffrey Rassas, EBIZ 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. and founder. "The combined company will revolutionize the market by building strong VAR and Linux reseller channels. We are bringing new open source applications to the marketplace that will improve efficiency, scalability and reduce total cost of ownership." "This business combination creates tremendous growth opportunities and synergies," said Dave Shaw, CEO of LinuxMall.com and of the newly merged companies. "We moved quickly to finalize this merger agreement and that has allowed us to begin implementing our business plan and immediately start to realize the benefits of this powerful alliance. Our primary focus is to be the commercial conduit between the open source developers of technology and the business marketplace." The merger combines the management teams of both companies: Dave Shaw is named as CEO, Jeffrey Rassas is named as Chairman and CSO (Chief Security Officer) The person in charge of all staff members who are responsible for promulgating, enforcing and administering security policies for all systems within an enterprise or division. , Ray Goshorn is named as CFO See Chief Financial Officer. , Stephen Herman is named as COO and Chuck Mead is named as CTO (Chief Technical Officer) The executive responsible for the technical direction of an organization. See CIO and salary survey. . Mark Bolzern, the original founder of LinuxMall.com, will continue in his role as an Open Source Community Evangelist. The combined company will operate its web assets including TheLinuxStore.com, LinuxNews.com, LinuxMall.com and others under the name LinuxMall.com. Upon successful completion of the proposed acquisition and meeting NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). requirements, the new company will immediately file for NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on listing. About LinuxMall.com Located in Aurora, Colo., LinuxMall.com is the No. 1 Linux e-commerce site and Internet gathering place for the Linux community. LinuxMall.com, one of the busiest sites on the World Wide Web, has been serving the Linux community since 1993 with news, information and the best selection of Linux-related products and services. LinuxMall.com is a leader in the Linux community and actively supports the growth and development of the Linux operating system. About TheLinuxStore.com and EBIZ Enterprises TheLinuxStore.com, is the leading vendor-neutral provider of Linux solutions and the commercial conduit creating the link between the open source developers of technology and the business market. EBIZ Enterprises Inc. is a leading vendor-neutral source for Linux products, technical support and community services for the B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business market. Linux is noted for its extremely low maintenance cost and stability. The Linux platform is known as a non-crashing operating system. The company's web destinations include: www.TheLinuxStore.com, a destination providing a complete line of Linux-based product solutions; www.TheLinuxLab.com, an interactive exchange providing technical support and a product compatibility database and www.LinuxWired.net, a Linux-based affinity and community services portal and ISP (1) See in-system programmable. (2) (Internet Service Provider) An organization that provides access to the Internet. Connection to the user is provided via dial-up, ISDN, cable, DSL and T1/T3 lines. . This press release contains statements that are forward looking as that term is defined by the United States 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. These statements are based on current expectations that are subject to risks and uncertainties. Actual results will differ due to factors such as shifts in customer demand, product shipment schedules, product mix, competitive products and pricing, technological shifts and other variables. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion