Global Diversified Acquisition Corp. Announces Execution of Definitive Agreement to Acquire MK Secure Solutions Ltd.Business Editors SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Feb. 20, 2004 Global Diversified Acquisition Corp. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: GDAQ) announced today that it has signed a definitive agreement to acquire all of the stock of MK Secure Solutions Ltd., a British Virgin Islands British Virgin Islands A British colony in the eastern Caribbean east of Puerto Rico and the U.S. Virgin Islands. Road Town, on Tortola Island, is the capital. Population: 21,700. Noun 1. private limited company ("MailKey"). The company plans to effectuate the acquisition of MailKey by merging a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of the company with and into MailKey. The acquisition of MailKey is expected to be completed during March 2004. MailKey is a messaging security services Security services are state institutions for the provision of intelligence, primarily of a strategic nature, but also including protective security intelligence. Examples include the Security Service (MI5) and the Secret Intelligence Service (MI6) in the United Kingdom, and the company with offices in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , London, Singapore and Bangkok. MailKey assists Internet service providers Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. , corporations and individuals in eliminating spam (junk mail See spam and junk faxes. ) in e-mails they receive. MailKey's solution is designed to stop spam before it is downloaded to a user's computer, thereby saving time and bandwidth and also reducing the risk of receiving spam-borne viruses by providing virus protection to customers' computers. The MailKey system is designed to block 100 percent of automated junk mail while allowing all of the user's real mail to be delivered successfully and enable users to control the level of blocking and filtering of spam in their e-mails. Tim Dean-Smith, the chief executive officer of MailKey, stated, "I am very pleased to be merging with Global Diversified Acquisition Corp. Gaining access to the U.S. public markets will provide MailKey with greater visibility in the marketplace, and raise the profile of the company in the U.S. and in the European and Asian markets." Completion of the merger is subject to customary closing conditions, including receipt by the parties of all necessary board and shareholder approvals and third-party consents. There can be no assurance that these conditions will be met or that the merger will be completed. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement This news release contains forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of these statements. The words "estimate," "project," "intends," "expects," "believes" and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are made based on management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbor" provisions of the 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. For a more complete description of these and other risk factors that may affect the future performance of the company, see "Risk Factors" in the company's Annual Report on Form 10-KSB and its other filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. The company undertakes no obligation to disclose any revision to these forward-looking statements to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events. |
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