Level Jump Financial Group Inc. is Acquired by Caldera Corporation.TORONTO--(BUSINESS WIRE)--Nov. 1, 1999-- Acquisition Forms Precursor to Internet Financial Store for On-line Investors and Small to Medium Businesses Level Jump Financial Group, Inc. ("Level Jump") and 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. Corporation (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:CLDF CLDF Clear Lake Development Facility (now Sonny Carter Training Facility) ) are pleased to announce that they have completed an acquisition agreement. Level Jump is building an on-line financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. company that will offer a comprehensive array of services such as on-line trading, investment banking, retail banking, insurance, wealth management, and real-time market data and investor research. Under the terms of the agreement, Caldera has purchased all of the issued and outstanding common shares of Level Jump. The company trades under ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors "CLDF" and intends to change its name to Level Jump Financial Group, Inc. in the near future. As part of the acquisition, the current management team of Level Jump will assume positions on the board of directors of Caldera. The team includes Robert Landau as Chairman and President, Brice Scheschuk as Secretary and Director, David Roff as Director and Treasurer and Glen Akselrod as Director. The current Board of Caldera has resigned. Level Jump currently owns and operates two subsidiaries; thestockpage.com is a Financial Public Relations Financial public relations Public relations division of a company charged with cultivating positive investor relations and proper disclosure information. company that specializes in representing e-commerce and technology clients. thestockpage.com has been at the forefront of on-line Investor Relations Investor relations The process by which the corporation communicates with its investors. activities since the first publication of its online investment newsletter in August 1997. The Stockpage has grown from a membership base of zero to in excess of 30,000 readers. thestockpage.com specializes in providing public companies with Internet marketing See Internet advertising. solutions and has developed considerable expertise in the development of investor relations websites for small cap public companies. Level Jump Asset Management operates from New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , and is currently establishing an investment banking infrastructure to better serve Level Jump clients and users in the future. Level Jump is in the process of implementing an on-line financial store that will offer; discount trading services, comprehensive on-line banking services, insurance products and many other fee based, as well as some free services. Level Jump will offer their financial store in a variety of onscreen on·screen or on-screen adj. & adv. 1. As shown on a movie, television, or display screen. 2. Within public view; in public. views that will tailor data and information in the most optimal manner for that particular view. Free services will be viewable in a seamless manner with all paid services to enable the user to have decision-making and transaction capabilities on the same web page. Free services will include quotes, news, charts, and market and research data in a complete and comprehensive manner so as to ensure ease of use and efficiency for the user without monopolizing the users on-screen on·screen or on-screen adj. & adv. 1. As shown on a movie, television, or display screen. 2. Within public view; in public. resources. Level Jump intends to target the massive market of Internet users in the United States. With the advances in technology and straight-through-processing, Level Jump should be able to scale technology to accommodate vast numbers of customers with relatively minor marginal costs. Level Jump believes that a comprehensive combination of financial data, information, and transaction services will provide its users and clients with a formidable advantage in their investment decisions. Commenting on the acquisition, Mr. Landau stated, "We possess a very energetic and professional group, and we plan to work hard and diligently to establish Level Jump as a household brand for both medium and small cap public companies and the investing public. We expect to pursue our goals through the expansion of our own talents and through the acquisition of like minded strategic partners and new subsidiaries." Level Jump was founded in 1999 and has offices in Toronto, Canada and New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , USA. The Company's main website, www.leveljump.com, is under development and hopes to launch in the first quarter of 2000. Statements in this Press Release that are not purely historical are "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding CLDF's expectations, hopes, beliefs, intentions or strategies regarding the future generally, CLDF's growth strategy, future sales and anticipated trends in CLDF's business. All forward looking statements included in this Press Release are based on information known to CLDF on the date hereof, and CLDF assumes no obligation to update any such forward looking statements. It is important to note that actual results could differ materially from those in such forward looking statements as a result of a number of factors, most of which are out of the control of CLDF, including, but not limited to, CLDF's early stage of development. |
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