EnterNet Inc. Announces Letter of Intent to Purchase International IT and Data Security, Storage Company, Technology Alliance Group.Business Editors/High-Tech Writers SCOTTSDALE, Ariz.--(BUSINESS WIRE)--April 23, 2002 EnterNet Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ETEN ETEN Explicit Transport Error Notification ETEN European Teacher Education Network ) (the "company") Tuesday announced that it has signed a letter of intent to purchase, for restricted stock and cash, all the issued and outstanding shares of Technical Alliance Group (TAG), a long-standing, secured data center focusing on the storage and transfer of Internet material as well as the management of digital, "mission critical" scenarios for a global client base. TAG, an Arizona-based provider of mainframe outsourcing, Internet hosting and disaster recovery services -- essentially acting in the capacity of an entity's chief technology officer -- has built a respected reputation in the IT community and has consulted for such clientele as Quaker Oats, Blue Cross Blue Shield Blue Shield A US not-for-profit health care insurer that is a reimbursement intermediary for physicians. Cf Blue Cross. , Hertz and one of Australia's largest commercial institutions, St. George's Noun 1. St. George's - the capital and largest city of Grenada capital of Grenada Grenada - an island state in the West Indies in the southeastern Caribbean Sea; an independent state within the British Commonwealth Bank. Renowned industry entities Cisco, 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) , Sprint and Aoraki are active alliance partners. As commercial espionage and network intrusions continue to compromise corporations' privacy, TAG is poised to fulfill its direction of becoming one of the industry leaders, not only in the maintenance of mission critical storage and replication of corporate data -- a necessity as displayed in the monumental loss of information during the tragedies of Sept. 11 -- but as also in acting as a client's network security specialist regarding all matters of international e-commerce as well as the malicious viruses so abundant in today's market. Operationally profitable in 2000 and 2001, TAG conservatively estimates revenues from their core business venues, between 2002 and end 2005, as growing from $3 million to $10 million, and net margins growing to gross 50 percent in 2005; profitability will be realized in 2003. Company Chief Executive Officer Craig Robson, commented, "TAG offers significant revenue growth and profit contribution potential to the company. And, as TAG grows as such under our company umbrella, they'll also offer a great complement, referencing their Internet security ''This article or section is being rewritten at Internet security is the process of protecting data and privacy of devices connected to internet from information robbery, hacking, malware infection and unwanted software. expertise, to the secure transfer of our Court Manager Suite(TM) and IDNet(TM) data." Dave Lawson Dave Lawson is an Australian comedian. He was born on September 25, 1978. Stand Up Comedy Lawson is a regular performer on the stand up comedy circuit. Nickelodeon Australia Involvement , TAG 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 president, added, "TAG Management is pleased to move forward with the amalgamation and very much looks forward both to the great synergies with the company's existing product line as well as the united force they'll present to the international community." For further information on EnterNet and the acquisition of TAG, please contact the company's 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 department at 480/778-2415 or visit the corporate Web site at www.courtmanagersusa.com. About EnterNet Inc. EnterNet Inc. is a technology company targeting its software and hardware solutions to the growing needs of federal, state, and municipal court, federal immigration immigration, entrance of a person (an alien) into a new country for the purpose of establishing permanent residence. Motives for immigration, like those for migration generally, are often economic, although religious or political factors may be very important. and other law enforcement agencies A law enforcement agency (LEA) is a term used to describe any agency which enforces the law. This may be a local or state police, federal agencies such as the Federal Bureau of Investigation (FBI) or the Drug Enforcement Administration (DEA). . Through its acquisitions program, ETEN has set a goal to be the industry leader in offering comprehensive secured data solutions to a broad range of governmental agencies that make use of the Internet, delivering real-time information available from local, national and international databases. About Technology Alliance Group Technology Alliance Group is an international, industry-established provider of mainframe outsourcing and remote storage services, supplying support for "mission critical" business applications. The company participates in several malicious threat-inspired International Warning Systems and chairs the FBI's Infragard (Cyber Terrorism) group in Arizona. For further information, please visit TAG's corporate Web site www.techalliancegroup.com. 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. This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and section 21B of the Securities and Exchange Act of 1934, as amended. Readers are cautioned not place undue reliance on these forward-looking statements, which are only predictions and only speak as of the date hereof. Forward-looking statements usually contain the words "estimate," "anticipate," "believe," "plan," "expect," or similar expressions and are subject to numerous known and unknown risks and uncertainties. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion