Joint Press Release by Cashco Management, Inc. & ID Four, Ltd.PHILADELPHIA and NEWMARKET, Canada--(BUSINESS WIRE)--June 10, 1999-- Cashco Management, Inc. ("Cashco") and I.D. Four, Ltd. ("ID Four") wish to clarify the proposed acquisition by Cashco of EnPact Technology, Inc. ("enPact"), as announced on June 2, 1999. Among the assets of enPact are its proprietary software enPact! and enPact SBE SBE - Microsoft Office Small Business Edition . Cashco intends to acquire all of the shares of enPact for a consideration of Ten Thousand Dollars ($10,000) cash and One Million Four Hundred Thousand (1,400,000) shares of Cashco common stock. The acquisition is subject to (1) the preparation and execution of a definitive agreement, (2) the satisfactory results of Cashco's due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. investigation, and (3) the amendment of Cashco's Articles of Incorporation The document that must be filed with an appropriate government agency, commonly the office of the Secretary of State, if the owners of a business want it to be given legal recognition as a corporation. to provide for the additional shares, which will be used, among other things, for the acquisition of enPact. In keeping with its long-term goal of evolving from a marketing company into a software development company, Cashco sought to acquire a premiere contact management program. Cashco determined that enPact! and enPact SBE met its qualifications for that program. Cashco has instructed its attorneys to (1) draft the definitive agreement, (2) conduct the necessary Due Diligence, and (3) prepare the documents necessary to Amend its Articles of Incorporation. ID Four has agreed to market enPact and enPact SBE under its exclusive sales and marketing agreement with Cashco. ID Four was not involved in the negotiations with enPact and its shareholders. The shares of Cashco Management, Inc. and ID Four, Ltd. are quoted on the OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. under the trading symbols Trading symbol See: Ticker symbol CSHK and IDFR IDFR Institute of Diplomacy and Foreign Relations (Malaysia) , respectively. |
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