Wareforce.com Announces Completion of uMember.com Reverse Acquisition; uMember.com Commences Trading.Business Editors LOS ANGELES--(BUSINESS WIRE)--March 21, 2000 Wareforce.com (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : WFRC WFRC Western Fisheries Research Center WFRC Winnemucca Family Resource Center (Nevada) ), a leading provider of information technology (IT) systems, technical services and e-commerce solutions for business, announced today that effective March 17, 2000, uMember.com, Inc. (OTCBB:UMEM UMEM Universal Memory Module ) has completed its previously announced reverse acquisition transaction. uMember.com shares are now trading on the Over the Counter Bulletin Board under the symbol "UMEM." uMember.com is a "one-stop" Internet destination site that provides convenient online discount shopping and community services to membership-based organizations. Prior to the transaction, Wareforce.com owned approximately 60% of uMember.com. With the closing of the transaction, Wareforce.com now owns approximately 40% of uMember.com, representing over eight million shares. About Wareforce.com Wareforce.com, with headquarters in El Segundo, California
El Segundo is a city in Los Angeles County, California on the Santa Monica Bay, incorporated on January 18, 1917. The population was 16,033 at the 2000 census. , is a leading provider of IT systems, technical services and e-commerce solutions to government organizations, educational institutions, and small, middle-size and Fortune 1000 companies. Through nine months ended September 30, 1999, Wareforce.com recorded $108 million in sales. Wareforce.com has integrated its $2 billion virtual warehouse featuring 140,000 computer-related products with the Commerce One MarketSite(TM) Global Trading Portal, the U.S. portal for exchanging goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. among businesses worldwide. This allows customers immediate access to one of the most comprehensive online inventories of IT products available today. Wareforce.com is committed to provide B2B e-commerce (Business to Business Electronic-COMMERCE) Refers to one business selling to another business via the Web. See e-commerce. solutions using open industry standards. By adopting XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. as the standard interface with internal ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. systems, Wareforce.com provides a complete, seamless integration An addition of a new application, routine or device that works smoothly with the existing system. It implies that the new feature or program can be installed and used without problems. Contrast with "transparent," which implies that there is no discernible change after installation. with leading online procurement technologies. Wareforce.com is located on the World Wide Web at www.wareforce.com. About uMember.com With a business strategy of Business to Business to Consumer (B2B2C B2B2C Business to Business to Consumer ), uMember.com expects to market to credit unions, professional associations and the employee bases of large corporations and educational and government institutions. A part of the strategy is to co-brand the uMember.com Web site, products and services with each affiliated membership group. Members can shop online from a virtual warehouse of competitively priced name-brand products and services and can bid on products through online auctions. Current offerings include computer products, consumer electronics, home appliances, gifts, jewelry and watches, apparel and accessories, auto parts, flowers, sporting goods, home improvement items, cosmetics and fragrances, toys and hotel reservations. In addition, uMember.com provides access to headline news, personal interest services and other Internet portal features. Each affiliate site will be customized to allow participation in community chat rooms, bulletin boards and classified ads specific to that community. uMember.com is located on the World Wide Web at www.umember.com. This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are subject to risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements. The Company may experience significant fluctuations in future operating results due to a number of economic, competitive and other factors, including, among other things, the size and timing of customer contracts, new or increased competition, changes in market demand, and seasonality of purchases of the Company's products and services. uMember.com is a start-up company start-up company A new business. , and there can be no assurance that uMember.com will generate meaningful revenues or profits from its operations. These factors and others could cause operating results to vary significantly from those in prior periods, and those projected in forward-looking statements. Additional information with respect to these and other factors that could materially affect the Company and its operations are included on certain forms the Company files with the Securities and Exchange Commission. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion