Twilight Productions and EDICT Systems, Inc. Announce Merger -- Name to be Changed to EnterpriseEC, Inc.Business Editors DAYTON, Ohio--(BUSINESS WIRE)--April 10, 2000 Twilight Productions, Ltd. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :TWIPE) today announced it has completed the acquisition of EDICT Systems, Inc. of Dayton, Ohio. EDICT, founded in 1990, is a provider of Business-to-Business Electronic Commerce products and services. EDICT's products include: Vertical EC Portals -- The "vortals" provide a web-based system for conducting electronic commerce. EDICT's first vortal, www.GroceryEC.com was released in October, 1999. Although less than six months old, already hundreds of companies are now using www.GroceryEC.com to conduct business electronically with Kroger, Fleming, Supervalu, C&S Grocers, Richfood and Dillon Stores (including King Sooper, City Markets and Fryes). Support for other grocery retailers is production-ready and in various stages of testing. These retailers are Safeway, Albertsons, Winn Dixie, Meijer, Fred Meyer (including Smith's Food & Drug and Quality Food Centers), Randalls Food Markets (including Tom Thumb), Ralphs and Piggly Wiggly. Support for all major grocers that have EC/EDI EC/EDI Electronic Commerce/Electronic Data Interchange capabilities is scheduled to be completed within 6 months. Grocery vendors now using www.GroceryEC.com include Pillsbury, Otis Spunkmeyer, Nabisco Foods, Campbell Sales Co., Stuckey's, Pepsi Bottling Group, Pepperidge Farm, ConAgra Grocery Products Company, Keebler, Johnson & Johnson, Kellogg Sales Company, The Clorox Sales Company, Ben & Jerry's, Hillshire Farms and Kahns, Archway Cookies, Dads Products Co., Haagen-Daaz, Kimberly-Clark, United Dairy Farmers United Dairy Farmers (known locally as UDF) is a chain of shops offering ice cream and other dairy products started by Carl Lindner, Sr. and Carl Lindner, Jr. in 1938. , Blue Diamond Growers Blue Diamond Growers is a California-based agricultural cooperative and marketing organization that specializes in almonds. Founded in 1910, the organization claims to be the world's largest "tree nut processing and marketing company". , Crown Equipment Corp., Bristol-Meyers Squibb, Faygo Beverages, Coca-Cola Bottling and Hormel Foods. In addition to providing web-based Electronic Commerce capabilities, www.GroceryEC.com is being enhanced to provide electronic item catalogues, pricing, and promotional information synchronization in support of the industry UCCNet initiative. This service will be marketed as an alternative to similar services provided by the viaLink Company (Nasdaq:IQIQ) and other competitors. In addition to www.GroceryEC.com, EDICT has reserved the following vertical portal sites: RetailEC.com HealthcareEC.com PetroleumEC.com MfgEC.com HighTechEC.com AutomotiveEC.com FORMULA_ONE(TM) -- EC/EDI software for processing and integrating electronic commerce data. This product is currently in use by over 900 companies, including AT&T Capital, Canon Financial Services, Coors Ceramics, Kroger, Warner-Lambert, Nestle Frozen Foods, Cornell Campus Store, Avery Dennison, UPS, University of Washington, Pepsi Bottling, Frito Lay, Proctor and Gamble and over 10 states' workers' compensation workers' compensation, payment by employers for some part of the cost of injuries, or in some cases of occupational diseases, received by employees in the course of their work. divisions. FORMULA_ONE(TM) communicates with all traditional Value Added Networks (AT&T, Advantis, Sterling Commerce, MCI (1) (Media Control Interface) A high-level programming interface from Microsoft and IBM for controlling multimedia devices. It provides commands and functions to open, play and close the device. (2) (Microwave Communications Inc. , etc.) as well as EnterpriseEC(TM). FORMULA_ONE(TM) provides similar capabilities to software products produced by Sterling Commerce and Harbinger Corp among others. BCLM BCLM Black Country Living Museum (UK) BCLM Biblioteca de Castilla-La Mancha -- EDICT's integrated bar The process of organizing the attorneys of a state into an association, membership in which is a condition precedent to the right to practice law. Integration is usually attained by enactment of a statute that grants authority to the highest court of the state to integrate code label modules produce shipping container labels from EC/EDI data. This product currently supports the label requirements of several retailers. In addition, there are 75 suppliers of Applied Materials using EDICT's AMAT AMAT Applied Materials (stock symbol) AMAT Average Memory Access Time AMAT Automatic Message Accounting Transmitter AMAT Anti-Materiel (bomb or mine) AMAT Ageing Management Assessment Team _BCLM product. EnterpriseEC(TM) -- Currently in beta with an anticipated second quarter production date, EnterpriseEC(TM) is an internet based value added network. Although similar in functionality to traditional networks, EnterpriseEC(TM) is a cost-effective alternative due to its internet-based communications infrastructure. Inter-connectivity to all traditional networks has been established. Regardless of which network a trading partner is on, EnterpriseEC(TM) provides connectivity support. EnterpriseEC(TM) provides similar capabilities to software products and services produced by Internet Commerce Corporation (Nasdaq:ICCSA ICCSA Seaman Apprentice, Interior Communications Electrician Striker (Naval Rating) ICCSA International Conference on Computational Science and Its Application ) and DynamicWeb Enterprises (OTCBB:DWEB) among others. The Business-to-Business E-Commerce market is expected to reach $1.3 Trillion by 2003 per Forrester Research. The GartnerGroup, Inc. also anticipates that worldwide B2B E-Commerce (Business to Business Electronic-COMMERCE) Refers to one business selling to another business via the Web. See e-commerce. to surpass $7.29 Trillion by 2004, of which the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. region will account for more than $2.84 Trillion. EDICT's vision is to provide horizontal solutions via FORMULA_ONE(TM), BCLM and EnterpriseEC(TM) as well as providing industry-specific value-added EC services to vertical markets via its vertical portals. The acquisition of EDICT was consummated as a reverse merger transaction resulting in the issuance of 4,359,000 shares of Twilight's common stock to EDICT's shareholders. As a result of the transaction there are now 5,378,173 shares of Twilight's common stock issued and outstanding of which EDICT's former shareholders hold 81.05%. As a result of this transaction, Twilight's directors and officers resigned and were replaced by Jason K. Wadzinski. Mr. Wadzinski has served as President of EDICT and will now serve as Twilight's Chairman, President and Chief Executive Officer. Members of Twilight's current Board of Directors include Mr. Wadzinski and Mr. John F. Sheffs, also a director of EDICT. Once various regulatory filings have been completed, it is the intent of Twilight's new management to call a shareholders meeting to change the company's name to EnterpriseEC, Inc. EDICT will continue as a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of the company. The new corporate address of Twilight is 1619 Mardon Dr., Dayton, Ohio, 45432. This address also serves as EDICT's corporate headquarters. Twilight's common stock is currently traded on the OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. maintained by the National Association of Securities Dealers National Association of Securities Dealers (NASD) Nonprofit organization formed under the joint sponsorship of the investment bankers' conference and the SEC to comply with the Maloney Act, which provides for the regulation of the OTC market. , Inc. ("NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). "). As Twilight does not presently file annual and periodic reports under the Securities Exchange Act of 1934 (the "Exchange Act") its securities will become ineligible for quotation on the OTC Bulletin Board beginning May 4, 2000. The securities will thereafter be quoted on the Pink Sheets maintained by the National Quotation Bureau National Quotation Bureau A service that publishes bid and offer quotes from market makers in OTC transactions. National Quotation Bureau , Inc. Twilight intends to register its securities under the Exchange Act so as to provide for their quotation on the OTC Bulletin Board. A registration of securities under the Exchange Act is subject to review by the United States Securities and Exchange Commission, Twilight shall attempt to register its securities under the Exchange Act as soon as practicable and thereafter become eligible for quotation on the OTC Bulletin Board. You may learn more about EDICT by visiting its web sites at www.edictsystems.com, www.EnterpriseEC.com, www.GroceryEC.com or contacting Investor Relations Investor relations The process by which the corporation communicates with its investors. at 972/233-0300. The company's email is info@edictsystems.com. The information in this news release includes certain forward-looking statements that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements to the future financial performance of the company. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, product development and acceptance, the impact of competitive services and pricing, or general economic risks and uncertainties. |
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