Sequiam Corporation Acquires the Assets of WMW Communications Inc.Business Editors ORLANDO, Fla.--(BUSINESS WIRE)--Feb. 20, 2003 Sequiam Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :SQUM) is pleased to announce the acquisition of substantially all of the assets of WMW WMW WebmasterWorld WMW What Me Worry WMW Wooster Motor Ways (Wooster, Ohio) WMW Web Man Walking WMW West Michigan Whitecaps WMW Wright-Moreton-Weber & Associates, LLC Communications of Orlando, FL. The transaction, made effective as of November 1, 2002, closed February 18, 2003. Sequiam Corporation continues to serve all existing clients of WMW Communications and has hired many of the former employees of WMW Communications. WMW Communications is a document management and custom software applications company. In addition, WMW Communications is an Internet ISP (1) See in-system programmable. (2) (Internet Service Provider) An organization that provides access to the Internet. Connection to the user is provided via dial-up, ISDN, cable, DSL and T1/T3 lines. and hosting company providing high-speed Internet See broadband. access and secure hosting services to its customers throughout the country. "We are excited about adding the WMW assets to our own, increasing our custom software engineering strengths as well as enhancing our hi-tech influence in the domestic market," said Nick VandenBrekel, the Chief Executive Officer of Sequiam Corporation. About Sequiam Corporation: Sequiam Corporation develops, markets, and supports a portfolio of proprietary Internet, Security, Biometric and print enterprise-wide software products that enable users to secure, acquire, manage, personalize, and present information. In addition, Sequiam provides application service provider ("ASP") hosting of Internet-enabled solutions, 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. ("ISP") including Internet access See how to access the Internet. and hosting, consulting, application integration, and custom web development and software development services. ASP and ISP hosting is performed using the Company's software and facilities to provide processing, print, mail, archival, and Internet delivery of documents for customers who outsource this activity. For more information about Sequiam Corporation, visit http://www.sequiam.com This release includes statements that may constitute 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. pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995, or by the Securities and Exchange Commission in its rules, regulations and releases. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially. Although Sequiam Corporation believes the expectations reflected in such forward-looking statements are based on reasonable assuptions, it can give no assurance that its expectations will be met. These forward-looking statements speak only as of the date hereof. Sequiam Corporation disclaims any intent or obligation to update these forward-looking statements. |
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