International Capri Announces Acquisition.Business Editors & High-Tech Writers VANCOUVER, British Columbia--(BUSINESS WIRE)--April 12, 2000 International Capri Resources Ltd. (the" Company") (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:ICPRF) announces that it has entered into agreements to acquire all of the issued and outstanding shares of CSV (1) (Comma Separated Value) Same as comma delimited. (2) (Computer System Validation) See software validation. CSV - comma separated values Technologies Inc. and all of the assets of Cyber Station Ltd. The Company will issue 13.25 million shares of its common stock to the shareholders of CSV Technologies Inc. in exchange for all the issued and outstanding shares of CSV Technologies Inc. The issuance of Company common stock is subject to the applicable securities hold periods and an escrow escrow Instrument, such as a deed, money, or property, that constitutes evidence of obligations between two or more parties and is held by a third party. It is delivered by the third party only upon fulfillment of some condition. release agreement over a six-year period. The Company is also acquiring the assets of Cyber Station Ltd. for $550,000 USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. . The asset purchase is comprised of: 1) all right, title and interest to the Linux Project - EZ Linux Products 2) all right, title and interest to Web Results Engine - Macropedia 3) all right, title and interest to Virtual Reality Project The technology acquired will now strategically position the Company 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>. two diverse and emerging trends: the tremendous growth of the Internet and the phenomenal expansion of the Linux-based operating system operating system (OS) Software that controls the operation of a computer, directs the input and output of data, keeps track of files, and controls the processing of computer programs. . Results Engine Technology - Macropedia The Company is incorporating a unique approach to Internet search engine technologies. Besides using traditional key word searches, the Company uses a concept-base approach and knowledge base server to break down data into more logical and manageable categories. The results driven search engine incorporates a graphical user interface graphical user interface (GUI) Computer display format that allows the user to select commands, call up files, start programs, and do other routine tasks by using a mouse to point to pictorial symbols (icons) or lists of menu choices on the screen as opposed to having to (GUI (Graphical User Interface) A graphics-based user interface that incorporates movable windows, icons and a mouse. The ability to resize application windows and change style and size of fonts are the significant advantages of a GUI vs. a character-based interface. ). The technology enables "robots" to perform informational requests that incorporate 150,000 keyword and phrases and a language translator. The search engine consists of proprietary technology that is based on artificial intelligence algorithms. EZ Linux Products As a leading Linux software products company, EZ Term is a complete Linux command reference that compliments the standard terminal window provided within the Xwindow managers and will operate within all distributions of Linux including Red Hat, Caldera caldera: see crater. caldera Large, bowl-shaped volcanic depression that forms when the top of a volcanic cone collapses into the space left after magma is ejected during a violent volcanic eruption. The term is Spanish for “caldron. , Debian, SUSE, Linux and Corel. International Capri Resources Ltd. Per "Alan Stier" Alan Stier President THE SEC AND THE NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). HAVE NOT REVIEWED AND DO NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. This press release contains statements that constitute "forward looking statements" within the meaning of the Securities Exchange Act of 1934. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements, to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements in this release include statements regarding the completion of the proposed acquisition on the terms anticipated by the Company or at all; and receipt of any financing necessary to complete the proposed acquisition. Factors that could cause actual results to differ materially from anticipated results include: risks associated with our limited operating history and history of losses; risks associated with our current financial condition and lack of working capital; risks associated with our potential inability to attract additional financing on terms acceptable to us or at all; risks associated with our inability to negotiate and enter into a definitive agreement for the proposed transaction on terms acceptable to us or at all. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. International Capri Resources Ltd. (OTC BB:ICPRF) 1150-1075 West Georgia Street Georgia Street, more officially West Georgia Street or Georgia, is arguably the most important street in Downtown Vancouver. It serves as the one of the primary streets for the financial and central business districts and is the major transportation corridor Vancouver, BC Canada V6E 3C9 |
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