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NetCommerce Inc. Completes Acquisition of Tectonic Data (TD) to Provide Video Storage and Streaming Technology Services to Business Customers
PRESS RELEASE FOR MORE INFORMATION CONTACT:
NetCommerce, Inc. Investor Relations Office
15280 Addison Rd., Suite 250 NetCommerce, Inc.
Addison, TX 75001 Tel: (888) 638-7693
OTC Bulletin Board Symbol: NEET
FOR IMMEDIATE RELEASE:
NetCommerce Inc. Completes Acquisition of Tectonic Data (TD) to Provide Video Storage and Streaming Technology Services to Business Customers
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DALLAS--(BUSINESS WIRE)-April 10, 2000--NetCommerce Inc. (OTCBB:NEET) http://www.netcommerceinc.com) announced today that it has completed the acquisition of a majority interest in Tectonic Data L.L.C., a provider of products and services for video/audio media storage and streaming.
Tectonic Data is being positioned to provide products to the 3,000 existing clients of NetCommerce Inc.s subsidiary, Metroplexweb, Inc. in retail, services, automotive, and energy industries - to name a few. This effort will provide value-added services to Metroplexwebs existing Web design customers, and further accomplish the companys goals by capturing yet another segment of each business customers Internet budget, and ranking Metroplexweb, Inc. as a vertical market showpiece" in the ISP industry.
We also anticipate developing online media channels, and have acquired a video encoding suite," said Kimball Norman, President and CEO of Tectonic Data. Our efforts will involve creating Gigasphere.com, a 'streaming video technology, and full service encoding of media for our customers." Normans background includes providing and maintaining large video streaming content libraries online with Broadcast.com.
Tectonic Datas Gigasphere.com is a virtual hard drive" service that will allow anyone on the Internet to store and stream video and audio media 24 hours a day, 7 days a week. We anticipate Gigasphere.com to rapidly become a brand name synonymous with streaming media, and eventually file storage," states Norman. Existing Web sites will be enhanced by allowing users to include commercials, sales presentations, training, family movies, and other important media messages."
Gigasphere.com will be promoted through sponsored online Web events, vertical market trade publications, and Web sites, and be quickly adapted and promoted into a large number of foreign markets, as well.
Safe Harbor Forward-Looking Statements
Except for historical information contained herein, the statements in this release are forward-looking statements that are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the company's actual results in future periods to differ materially from forecasted results. Such risks and uncertainties include, but are not limited to, market conditions, competitive factors, the ability to successfully complete additional financings and other risks.
CONTACT: NetCommerce, Inc.; Investor Relations 888-638-7693; investor relations@metroplexweb.com
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