Internet Solutions for Business Acquired by Universal Reduction Melting Technologies for US$11.5 Million.LONDON--(BUSINESS WIRE)--May 20, 1999-- Internet Solutions for Business (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : ISFB ISFB Institut Supérieur de Formation Bancaire (French, Swiss bank) ) a British provider of commercial solutions for businesses on the Internet has announced that it has been acquired by Universal Reduction Melting Technologies. Effective immediately the merged company changed its name to Internet Solutions for Business, Inc. (IS4B), and will continue to trade on the Over the Counter market with the trading symbol (ISFB) for a consideration of US$11.5 million payable in stock. After taking into account the shares issued as consideration to the shareholders of the private company, IS4B will be capitalized with a total of 11,500,000 issued and outstanding common shares. IS4B has a number of products, including E-Commerce, Secure E-mail, Search Engine Optimization Designing a Web site so that search engines easily find the pages and index them. The goal is to have your page be in the top 10 results of a search. Optimization includes the choice of words used in the text paragraphs and the placement of those words on the page, both visible and hidden , Anti-Spam, and Back-Office Processing with clients in many diverse industries, including aviation, automotive, public relations, real estate, catalog sales and investor services. Internet Solutions for Business also announced that it has retained Park Avenue Capital, a New York based financial investor relations firm to create an investor relations strategy with the view of introducing the company to the wider investor community. "We are excited about the opportunity to work with Park Avenue in helping to create a strong corporate identity in the financial world," stated Lawrence Shaw, 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 of Internet Solutions for Business, Inc. IS4B is an Internet specialist providing solutions for business users. The company is both an 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. and Internet/Business solutions' consulting firm providing services to corporate clients globally. Based in the UK, Internet Solutions for Business provides the ideal interface between today's business community and tomorrow's Internet environment. Internet Solutions for Business' clients include Volvo (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : VOLVY), Dunlop (NASDAQ: PDLPY), Lear (NYSE NYSE See: New York Stock Exchange : LEA), Amcor, London Taxis International, IMI, the British Transport Museum and the Royal Shakespeare Company Royal Shakespeare Company (RSC), a British repertory theater. The company, established in 1960, was based on the earlier Shakespeare Memorial Theatre at Stratford-on-Avon. It is a national theater supported by government funds. . Except for the historical information contained herein the matters discussed in this news release include forward-looking statements that may vary significantly based on a number of factors, including but not limited to, risks in product and technology development, market acceptance of new products and continuing product demand, the impact of competitive products and pricing, changing economic conditions, both here and abroad, and other risk factors detailed in the Company's most recent annual report, and other filings with the Securities and Exchange Commission. |
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