Global E Bonds Inc. Announces the Acquisition of APANI Inc.Business Editors SCOTTSDALE, Ariz.--(BUSINESS WIRE)--May 20, 2004 Global E Bonds Inc. (Pink Sheets: GBEB), an emerging management and consulting service Noun 1. consulting service - service provided by a professional advisor (e.g., a lawyer or doctor or CPA etc.) service - work done by one person or group that benefits another; "budget separately for goods and services" provider of customized software See custom software. systems solutions, announced today that it has reached an agreement to acquire APANI Inc., a direct response marketing company of nutraceuticals and dietary supplements Noun 1. dietary supplement - something added to complete a diet or to make up for a dietary deficiency diet - a prescribed selection of foods vitamin pill - a pill containing one or more vitamins; taken as a dietary supplement . The combined company intends to develop a roadmap for vertical integration of APANI's key business systems. Global E Bonds Inc. anticipates a name change to APANI Laboratories Inc. as soon as possible. "We are pleased to have reached an agreement with APANI Inc. that allows us to leverage our existing relationships to develop and implement strategies that facilitate our combined objectives for growth and profitability," said John Shaffer John Wilson Shaffer was Governor of Utah Territory in 1870. Preceded by Charles Durkee Governor of Utah Territory 1870–1870 Succeeded by Vernon H. Vaughan , president of Global E Bonds Inc. "We believe that this agreement presents a great opportunity that will offer our shareholders a potential for increased value in the short term, as well as facilitate efforts to increase long-term growth." "APANI Inc.'s management team identified that vertical integration of key business systems is critical in order for APANI to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. the predicted growth of the 'wellness' products industry," said Gene O'Brien, 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 APANI Inc. "The fast pace of changing technology has shortened the time to obsolescence ob·so·les·cent adj. 1. Being in the process of passing out of use or usefulness; becoming obsolete. 2. Biology Gradually disappearing; imperfectly or only slightly developed. for our existing business systems software. If we plan to compete with larger companies, we must utilize leading technologies to accelerate the processing of product orders." About Global E Bonds Global E Bonds is a technology-based application service provider that offers medium-sized companies and franchises an alternative to in-house integrated systems software application development. Global E Bonds works with third-party technical professionals who are experts at understanding how to leverage existing and new technologies to meet customers' IT needs. Utilizing the services of third-party professional consultants, Global E Bonds' design philosophy for integrating and automating complex systems focuses on Web-based user applications with supporting back-end systems that provide auditing, tracking and standard reporting practices. About APANI Inc. APANI Inc. is a direct response marketing company that specializes in marketing proprietary private-label specialty homeopathic Homeopathic A holistic and natural approach to healthcare. Mentioned in: Ehlers-Danlos Syndrome homeopathic, adj and nutritional supplements Nutritional Supplements Definition Nutritional supplements include vitamins, minerals, herbs, meal supplements, sports nutrition products, natural food supplements, and other related products used to boost the nutritional content of the diet. , vitamins, minerals and nutraceutical wellness supplements. APANI Inc.'s direct response marketing approach targets the customer via standard advertising approaches, but urges the consumer to call directly to a call center for more information, or to place an order. This press release includes "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. " as defined by the Securities and Exchange Commission (the "SEC"). All statements, other than statements of historical fact, included in the press release that address activities, events or developments that the company believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on certain assumptions made based on experience, expected future developments and other factors Global E Bonds Inc. and APANI Inc. believe are appropriate in the circumstances. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of Global E Bonds Inc. and APANI Inc., such as possible government regulation of APANI's business, our inability to consolidate operations, general economic conditions and other factors. Investors are cautioned that any such statements are not guarantees of future performance. Actual results or developments may differ materially from those projected in the forward-looking statements as a result of many factors, including adverse changes in market conditions, fluctuations in sales volumes and problems in collecting receivables. Furthermore, Global E Bonds Inc. and APANI Inc. do not intend (and are not obligated ob·li·gate tr.v. ob·li·gat·ed, ob·li·gat·ing, ob·li·gates 1. To bind, compel, or constrain by a social, legal, or moral tie. See Synonyms at force. 2. To cause to be grateful or indebted; oblige. ) to update publicly any forward-looking statements. The contents of this release should be considered in conjunction with the warnings and cautionary statements contained in the company's recent filings with the SEC. Global E Bonds Inc. Copyright 2004, all rights reserved. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion