International Digital Holding, Inc. Subsidiary Castleridge Management Services Limited Acquires German ISP; US Technology Corp Expands With European Internet Provider.WINTER GARDEN, Fla.--(BUSINESS WIRE)--Oct. 20, 1999-- International Digital Holding, Inc., (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :IDIG), today announced the acquisition by its 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. Castleridge Management Services Limited, has acquired 100% of Alpha II , an innovative discount ISP (1) See in-system programmable. (2) (Internet Service Provider) An organization that provides access to the Internet. Connection to the user is provided via dial-up, ISDN, cable, DSL and T1/T3 lines. based in Munich, Germany with over 1200 subscribers of which 30% are corporate clients. Mr. Klaus D. Hamal ha·mal also ham·mal n. A porter or bearer in certain Muslim countries. [Arabic  amm , Managing Director of Alpha II joins Castleridge
and Whoofnet.com to oversee German content and web design. Castleridge
through its Whoofnet.com is a leading Internet Service Provider 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. and marketing group based in London, England. The acquisition was completed with the issuance of 125,000 restricted common stock of International Digital Holding, Inc. "We are very excited about this entrance into the German market. We expect to continue to acquire companies that allow us to utilize our marketing techniques to drive the sales of consumer products and services through the internet, as well as grow our subscriber base," stated Mr. Carl Battie, Managing Director of Castleridge Management Services. Mr. Carl Battie went on to state that "We are confident Mr. Hamal can emulate in Germany the kind of success Whoofnet.com is experiencing in the U.K.. Alpha II experienced 20% growth in subscribers over the year, while Whoofnet.com is adding approximately 1,000 new subscribers per hour." For more information, contact International Digital Holding, Inc. by phone at 407-877-3309, via fax at 407/877-8675, or visit the International Digital Holding, Inc. website at http://www.digitalholding.com or http://www.whoofnet.com. About International Digital Holding, Inc. Founded in 1988 and based in Winter Garden, Florida, International Digital Holding, Inc (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :BB:IDIG), is a holding company specializing in cutting-edge Internet, software, and telecommunications subsidiaries with new and innovative technologies. 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. for Forward Looking Statements: Except for historical information contained herein, the statements made in this press release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. These statements involve known and unknown risks and uncertainties, which may cause the company's actual results in the future periods to differ materially from the forecasted results. These risks and uncertainties include, among other things, price volatility, demand, competition, risk inherent in the company's domestic and international operations Internal Operations (I.O., IO or I/O) is a fictional American Intelligence Agency in Wildstorm comics. It was originally called International Operations. I.O. first appeared in WildC.A.T.S. volume 1 #1 (August, 1992) and was created by Brandon Choi and Jim Lee. , imprecision in estimating product reserves and the company's ability to replace and expand its holdings. |
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