EBUX, Inc. Announces Exclusive Negotiations With Gnotella's Worldwide Licensee.Business Editors & High-Tech Writers LOS ANGELES--(BUSINESS WIRE)--Feb. 2, 2001 EBUX, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :EBXX) has entered into exclusive negotiations with the worldwide licensee licensee n. a person given a license by government or under private agreement. (See: license, licensor) LICENSEE. One to whom a license has been given. 1 M. Q. & S. 699 n. of the peer-to-peer file searching and sharing software known as "Gnotella". During the twenty-one day exclusivity period terminating February 22, 2001, the two companies will seek to reach an agreement for the commercialization of the Gnotella technology, subject as well to due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. proceedings and review by the companies' respective counsel. Gnotella is a distributed real time search and file-sharing program A file-sharing program is used to directly or indirectly transfer files from one computer to another computer over a network (e.g. the Internet). While the term may be used to describe client-server disk sharing (also known as shared file access or disk mounting), it is more . The negotiations follow EBUX, Inc.'s plan for incubation incubation /in·cu·ba·tion/ (in?ku-ba´shun) 1. the provision of proper conditions for growth and development, as for bacterial or tissue cultures. 2. or acquisition of related businesses as disclosed in its periodic filings and news releases. Included in this release are "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. " within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although the company believes that the expectations reflected in such forward-looking statements are reasonable; it can give no assurance that such expectations reflected in such forward-looking statements will prove to have been correct. The company's actual results could differ materially from those anticipated in the forward-looking statements as a result of certain factors including sales levels, distribution and competition trends and other market factors. |
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