NETCOAST GETS INTO FOOD SUPPLEMENTS.Byline: Enrique Enrique (IPA [en'ɾike]) is the Spanish form of the name Henry. As a given name, it ranked 298 out of 1219 for males of all ages in the 1990 U.S. Census. Rivero Daily News Staff Writer Looking to enter the booming food supplement industry, Netcoast Communications Inc. said Tuesday Tuesday: see week. it has signed a letter of intent to buy 25 percent of Westlake Westlake, city (1990 pop. 27,018), Cuyahoga co., NE Ohio, a suburb of Cleveland; inc. as a city 1956. A growing city, its various manufactures include ink and plastics. Village-based One Stop Solutions Inc. for an undisclosed price. Netcoast, a former 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. that has been a shell company since 1996, said it expects to close the deal by the end of the month. Netcoast President Nick Mimides said the deal makes sense because food supplements are now a $1 billion-a-year industry and One Stop, which has been in business about 12 years, has a proven track record. ``We're looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. a company that had a . . . business in a market that's taking off,'' Mimides said. ``Those companies have been doing very well. They're growing at a great rate.'' Under the agreement, publicly held Netcoast will pay for its stake in One Stop with stock. One Stop sells a line of proprietary food supplements under the brand name Personal Solutions International. Products include the Brain III Formulas and Rev Up Verb 1. rev up - speed up; "let's rev up production" step up increase - make bigger or more; "The boss finally increased her salary"; "The university increased the number of students it admitted" 2. . It would be the first acquisition for Netcoast, which has been looking for a viable business to enter since its 1996 merger with Mansion MANSION. This term is synonymous with house. (q.v.) 1 Chit. Pr. 167; 2 T. R. 502; 1 Tho. Co. Litt. 215, n. 35; 9 B. & C. 681; S. C. 17 E. C. L. R. 472, and the cases there cited; Com. Dig. Justices, P 5; 3 Serg. & Rawle, 199. Industries Inc. The deal represents Netcoast's second try at acquiring a company. Netcoast had announced in December that it had signed a letter of intent to acquire Atomix Inc., a Hollywood-based computer graphics and animation service. But the companies were unable to come to a final agreement, said Mike Manahan, a consultant for Netcoast. Manahan said if the One Stop deal goes through, it will probably be the first of several. ``There's not many obstacles that might keep it from closing,'' he said. ``Once the acquisition is completed, Netcoast might be attempting a strategy of acquiring other companies involved with what One Stop is doing.'' |
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