Update On Fingerprint Technology Acquisition.Business Editors/High-Tech Writers DALLAS--(BUSINESS WIRE)--March 27, 2003 The Board of Directors of 2Energia, Inc. ("2Energia") (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :TWEN TWEN The West Education Network ) would like to offer a progress report on the status of the acquisition of a privately-owned fingerprint technology identification business that was announced by 2Energia and ProActive Computer Services Data processing (timesharing, batch processing), software development and consulting services. See service bureau, SaaS and ASP. , Inc. ("ProActive") (OTC:PAVP PAVP Planet Aliens Versus Predator (game site) ) on March 20th. 2Energia is pleased to report that the due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. and business valuation studies are proceeding well, and that the company's consultants advise that their final reports should be completed within the next week to ten days. 2Energia has also initiated discussions with a European investment bank European Investment Bank, nonprofit bank created in 1958 by the six founding countries of the European Economic Community (now part of the European Union [EU]). and an private investment fund regarding a possible debt and royalty financing package to support commercial development of the fingerprint identification technology. Further news concerning this acquisition will be forthcoming in the next two weeks. About 2Energia 2Energia is a rapidly-growing total solutions provider, offering staffing and long-term contract consulting services in the following specialty areas: Information Technology, Technical Services, Software / Programming and Call Center Services. 2Energia strives to achieve clients' business objectives through the appropriate use and implementation of technology. 2Energia's management team brings more than three decades of application management experience and proven track records of building successful and profitable IT consulting and technical firms. This press release contains forward-looking statements within the meaning 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 (the "Act"), as well as Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. In particular, when used in the proceeding discussion, the words "plan", "confident that", "believe", "expect", or "intend to" and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to 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. created by the Act. Such statements about the Company's future expectations, including future revenues and earnings, and all other forward-looking statements are subject to certain risks and uncertainties that are subject to change at any time, and the Company's actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, market conditions, the availability of components for, and delays in the start of production, general acceptance of the company's products and technologies, competitive factors, the ability to successfully complete additional financing and other risks. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion