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Mycom To Sell Managed Services Division and mailMAX Technology To SecurePipe.


CINCINNATI -- Mycom Group, Inc., a technology products, managed services An umbrella term for third-party monitoring and maintaining of computers, networks and software. The actual equipment may be inhouse or at the third-party's facilities, but the "managed" implies an ongoing effort; for example, making sure the equipment is running at a certain quality , reseller and software development company, whose stock is traded on the over the counter market (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
:MYCM), today announced it has entered into an Agreement with Secure Pipe Inc. for the sale of the assets of Mycom's Managed Services Division and for the mailMAX(TM) Email Filtering Technology. The terms of the sale, which will include cash, assumption of certain liabilities, and royalty, will be announced at a later date. Closing is expected to take place within the next 45-60 days.

Mycom's 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. , Rob Bransom stated, "The pending sale of mailMAX, secureMax, serverMAX technology and our managed services division to SecurePipe represents a major step forward in our plan for repositioning the focus of the Mycom Group and strengthening the Company's financial condition. It will provide working capital and allow Mycom to reduce debt and seek merger and acquisition opportunities."

After the sale, Mycom will focus on a new direction. "Our strategy for growth is being revised and will be aimed at a new business category for Mycom," said Bransom. "We will continue to seek acquisition opportunities that will compliment our existing divisions, and provide improved cash flow and EBIDA EBIDA Earnings Before Interest, Depreciation And Amortization
EBIDA Earnings Before Income taxes Depreciation and Amortization
."

Mycom will continue to operate its largest division, Broughton International, a software, hardware and services reseller to businesses throughout North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . The company will also continue to operate its Technical Services division which provides networking and on-site systems services for businesses in the Ohio, Indiana and Kentucky tri-state area There are a number of places in the United States known as tri-state areas where three states or holdings meet at one point (a tripoint), or in proximity to each other. The two most well-known are for the New York and Chicago metropolitan areas. . Revenue from these remaining Mycom divisions was approximately $5.8MM in 2004.

"We are enthused about how well this division of Mycom complements our suite of managed security services Security services are state institutions for the provision of intelligence, primarily of a strategic nature, but also including protective security intelligence. Examples include the Security Service (MI5) and the Secret Intelligence Service (MI6) in the United Kingdom, and the ," commented Art Roldan, CEO of SecurePipe. "Email communications play a central role in today's business Today's Business is a show on CNBC that aired in the early morning, 5 to 7AM ET timeslot, hosted by Liz Claman and Bob Sellers, and it was replaced by Wake Up Call on Feb 4, 2002.  environment. Ensuring that these communications are secure and available without interruption requires state-of-the-art solutions. This acquisition will increase our client base, and brings technologies that enhance our ability to satisfy the regulatory compliance requirements Compliance requirements are a series of directives established by United States Federal government agencies that summarize hundreds of Federal laws and regulations applicable to Federal assistance (also known as Federal aid or Federal funds).  of our clients," said Roldan.

This acquisition will position SecurePipe as a leading provider in the growing market for secure managed email services. "We will now be able to accelerate the integration of emerging security-related features and functionality that are growing more important to the secure delivery, retention and analysis of email messages," said Roldan.

As part of the agreement between the two companies, SecurePipe will employ certain key personnel and engineering staff. Mycom will continue to distribute mailMAX managed services operating as a reseller for Secure Pipe. "Mycom will make a great addition to our partner network," said Roldan. "We look forward to building upon their strong presence in Cincinnati and throughout the tri-state region," he concluded.

About SecurePipe

SecurePipe, headquartered in Illinois, delivers managed network security services Network Security Services (NSS) is a set of libraries designed to support cross-platform development of security-enabled client and server applications. NSS provides a complete open-source implementation of crypto libraries supporting SSL and S/MIME.  to financial institutions and distributed enterprises wrestling with escalating regulatory requirements. A best of breed blend of disciplined process, expert people and proven technology underlies SecurePipe's comprehensive suite of managed services which are delivered from its state-of-the-art network operations center See NOC.

Network Operations Center - (NOC) A location from which the operation of a network or internet is monitored. Additionally, this center usually serves as a clearinghouse for connectivity problems and efforts to resolve those problems.
 staffed 24x7x365 by security engineers. No other managed network security service offers a comparable breadth and depth of services at such an affordable price. Please visit SecurePipe at www.securepipe.com. For more information, please contact Jim Brintnall at 847-940-0025 x15 or jbrintnall@securepipe.com

About Mycom Group Inc.

The Mycom Group, Inc. is a technology solutions and managed services provider to businesses and organizations throughout North America. It markets a wide range of software, hardware, enterprise solutions and technology services. Mycom develops and markets new applications and services using the mycomPRO(R) brand name, and as a private label. Mycom, headquartered in Cincinnati, Ohio, is on the web at www.mycom.com.

NOTE: This Mycom Group press release may contain certain forward-looking statements within the meaning of the "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.
" provisions of the federal securities laws. Such statements are subject to certain risks and uncertainties that could cause actual results or outcomes to differ materially from those currently anticipated. Important risks and uncertainties, among others, that could cause actual results to differ materially from those described in these statements include the strength of the U.S. economy and other factors. For additional information about Mycom Group, Inc. please refer to the current Forms 10-KSB and 10-QSB as filed with the Securities and Exchange Commission.
COPYRIGHT 2005 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Jul 15, 2005
Words:710
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