New Generation Holdings, Inc. Announces Agreement to Acquire 25% stake in Minerva Softcare N.V.Business Editors NEW YORK--(BUSINESS WIRE)--Dec. 13, 2000 New Generation Holdings, Inc. (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 OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:NGPX), the holding company for New Generation Partners, Inc. (NGP NGP Neo-Geo Pocket (SNK) NGP Nearest Grid Point NGP New Growth Point (UK) NGP National Grid Project NGP Next-Generation Program (fire suppression) NGP Next Generation Product ), announced today that NGP has entered into an agreement to acquire a 25% stake in Minerva Softcare N.V., a software development company and software solutions provider based in Belgium. Through this investment, and as part of a consultancy agreement, NGP will be in charge of the internationalization The support for monetary values, time and date for countries around the world. It also embraces the use of native characters and symbols in the different alphabets. See localization, i18n, Unicode and IDN. internationalization - internationalisation and accelerated development of Minerva's business. NGP's mandate also includes M&A activities to meet Minerva's exceptional growth objectives. NGP's involvement is executed through the consultancy agreement and through the nomination of a representative to the Board of Minerva. Rene De Vleeschauwer, co-founder of Minerva commented, "The investment by NGP will allow us to grow our business on a number of fronts. This relationship represents an enormous potential for success by leveraging the synergies that exist between our strong product offering and NGP's expertise in accelerated business development, partnership building and M&A". "The investment in Minerva is by far the most interesting opportunity for NGP to apply our know-how and resources to the development of a business. Minerva combines cutting edge product offerings, a solid, profitable financial situation with considerable growth potential." said New Generation Holdings President and 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. Paul Hokfelt. "We are extremely pleased to be working with Minerva. Our focus is on making Minerva a major international player and we are confident that we can dramatically grow the business of Minerva over the next four years," he added. About Minerva Softcare: Minerva Softcare N.V. is a software development company and software solutions provider based in Belgium. Minerva's MetaSuite group of products has enabled the company to evolve from pure product development and selling, to solution provision and technical consultancy. Minerva specializes in developing and marketing data warehousing See data warehouse. data warehousing - data warehouse , change management and data modeling products. Minerva's MetaChange change management software is unique in its field, and the strength of Minerva in data warehousing lies in the company's in-depth knowledge of "older", legacy computer systems combined with skills in new and emerging technologies. These products are complimented by a full range of consulting services to provide a total end-to-end business solution to its clients, offering a high quality range of products with a low cost of ownership. Minerva's impressive client list includes KLM KLM Kaiserliche Marine (Enigma: Rising Tide game) KLM Koninklijke Luchtvaart Maatschappij (Royal Dutch Airlines) KLM Klub Langer Menschen (German: Tall Person Club) , Commerzbank, DEXIA, Interbrew, Deutsche Bahn Deutsche Bahn AG (abbr. DB AG, DBAG or simply DB) is the successor of the former state railways of Germany: the Deutsche Bundesbahn of West Germany, the Deutsche Reichsbahn of the German Democratic Republic and the West Berlin VdeR. , London Electricity London Electricity can refer to:
Severn Trent is a group of companies employing more than 15,000 people across the UK, US and mainland Europe. Water. About New Generation Partners: New Generation Partners, Inc. capitalizes on its management's and partners' expertise in business development, US/European Union joint ventures and Technology/Internet companies. NGP focuses on the following sectors: - Strategic Technology Investments - NGP identifies and executes strategic technology investments, providing both business expertise and funding. Through a comprehensive range of management services including partnerships, M & A expertise, business development and consultancy, NGP provides exceptional added value to these investments. - US 2 EU migration - NGP offers local expertise in assisting North American Internet companies to enter European markets. - Early-stage Internet Development and Acceleration (D&A) - NGP develops early stage Internet and technology businesses, providing management services and funding to Internet entrepreneurs. Statements in this release may contain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. , which are based on current expectations, and the results, that involve risks and uncertainties, may differ materially from those expected. These forward-looking statements fall within the scope of Section 27A of the Securities Act of 1933, as amended, and Section 21 of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbors 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. created thereby. Forward-looking statements include, but are not limited to, those statements regarding management's desire to implement its Internet business plans and could differ materially from those anticipated by the forward-looking statements as a result of certain factors, such as the ability of Minerva to successfully accomplish their goals, the Company's ability to successfully complete US 2 EU transactions, establish a successful D&A Network, raise additional capital; changes in market conditions, government regulation, technology, the international Internet industry and the global economy; management of growth and competition. |
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