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EnetPc (OTCBB: ETPC) MERGER ALERT
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eNetpc, Inc. Signs Letter of Intent to Merge with
MINNEAPOLIS--(BUSINESS WIRE)--Dec. 6, 2001--eNetpc,
Inc. (OTCBB:ETPC - news), an Application Service
Provider (ASP) specializing in B2B software,
e-commerce and virtual distribution, announced today
that is has signed a letter of intent to merge with
The merger is scheduled to close as soon as reasonably
possible, following negotiation of definitive
agreements, corporate filing requirements and
completion of due diligence. The shareholders of
e-Site, Inc. will receive approximately 7,280,000
shares of eNetpc, Inc. common stock for all of the
issued and outstanding stock of e-Site, Inc.
Individually the companies have focused on providing
similar web-based business enabling solutions to
different segments of the PC sales channels.
Previously, the companies have provided their
respective market segments with an automated broadband
sales/support processing solution (e-Site) and an
automated PC configuration/virtual distribution
(eNetpc) solution. e-Site and eNetpc currently have
contracts to provide these solutions for Texas
Instruments and over 70 other licensed customers. In
conjunction with these customers, the companies have
distribution and/or order processing contracts with
Southwestern Bell Communications, Bellsouth
Communications, Sprint, Earthlink, AT&T Broadband,
Adelphia Communications, and Micro-Centers.
Through the merger, a stronger base of capital,
technology, customers, and opportunities are created.
The Company will continue to provide the market with a
broadband sales/support business enabling solution
that integrates all of the components of the
broadband/PC value chain for retailers, direct
sellers, and e-sellers.
eNetpc, Inc. will be based in Tustin, California and
will maintain a hosting, development, and support
facility in Eden Prairie, Minnesota.
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