ZooLink Corporation Is Pleased to Announce That It Has Entered into an Offer To Purchase Agreement with Universco Broadband Solutions For The Customers And Assets of ZooLink Communications Ltd.
ZooLink Corporation (ZooLink")(ZLNK: OTCBB) is pleased to announce the next successful stage in its restructuring efforts in the form of an Offer To Purchase by Universco Broadband Solutions for ZooLink Communications Ltd. customer-base and assets.
Vancouver, B.C. (PRWEB) May 13, 2004 --- The proceeds of the Universco purchase of ZooLink Communications Ltd.s customer base and assets will be used primarily to settle the debt owed to creditors as outlined in the Proposal To Creditors which was accepted on April 15th, 2004. The move will position Zoolink Corporations remaining subsidiary, i3DataCenters Ltd., to move forward with its business model of providing next generation Intelligent Data Centers (IDCs) through a franchise type" methodology.
Universco Broadband Solutions and i3DataCenters Ltd. plan to work closely together and will offer each others product sets to their individual customer bases. The close association will see i3DC reselling Universcos product sets to customers and Universco will utilize i3DCs co-location and web services for their customers needs.
Universcos decision to work with i3DataCenters combined with the Offer to Purchase of ZooLink Communications Ltd. customer-base is an exciting step in our restructuring efforts," said West McDonald, President of ZooLink Corporation. ZooLink Communications will now have the funds necessary to settle its obligations with creditors as outlined in the Proposal To Creditors. Universco Broadband Solutions is a leader in high speed connectivity solutions and we want our customers to know that they are in great hands. This is great news for our i3DataCenters customers for the Companys entire focus will now be on serving them better than ever before, with new and more robust data center offerings. It is a tremendous opportunity for our customers as both companys networks are essentially similar and will not require much effort to integrate."
ZooLink is capitalizing on an increasing trend in the marketplace to provide co-location and managed services to companies that outsource their IT infrastructure. Web hosting infrastructure is complex and expensive for companies to maintain. Jupiter Media Metrix states that companies that dont outsource are missing out on a 30-40% cost savings and 25-35% in implementation delays. According to the Yankee Group, the worldwide Web hosting market was $9 billion in 2001 and will grow to $50 billion by 2005. Establishing a Web presence for your business is now mandatory and B2B e-commerce is saving companies billions.
About ZooLink Corporation Inc. (www.zoolink.com)
ZooLink is a leading developer of next generation Intelligent Internet Data Centers. Our Data Centers serve as platforms to provide co-location services to companies with mission critical Internet infrastructure. Our services are also ideal for Web-centric businesses, such as Internet Service Providers (ISPs), Applications Service Providers (ASPs), Content Providers and Carriers.
Our customers primarily use our services to maintain complex computer equipment in a secure, fault-tolerant environment with connectivity to a high-speed, high-capacity, direct link to the Internet and to support complex Internet applications. We currently offer our services from our Intelligent Data Center facilities in the cities of Vancouver and Calgary, Canada. ZooLink has developed a franchise type" methodology, though all data centers are corporately owned; to identify, acquire, convert and operate Intelligent Data Centers to transform them into profitable business units in Canada and the US.
About Universco Broadband Solutions (www.universco.com)
Universco Broadband Solutions is a Canadian communications high speed internet service provider based in Vancouver, B.C. The company provides services throughout Greater Vancouver to commercial and industrial buildings and business parks. Its main business is providing 'last mile fixed wireless network access, delivering reliable high-speed Internet access services. Key factors in Universcos success are its wide area coverage, affordable infrastructure, and use of proven and secure technologies.
`Safe Harbor' statement under the Private Securities Litigation Reform Act of 1995: This press release does not constitute an offer to sell or the solicitation of any offer to buy any securities of Zoolink Communications, nor shall there be any sale of any such security in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state.
This release contains forward looking statements identified by the use of words such as should, believes, plans, goals, expects, may, will, objectives, missions, or the negative thereof, other variations thereon or comparable terminology. Such statements are based on currently available information which management has assessed but which is dynamic and subject to rapid change due to risks and uncertainties that affect our business, including, but not limited to, the impact of competitive products and pricing, limited visibility into future product demand, slower economic growth generally, difficulties inherent in the development of complex technology and new products sufficiency and availability of capital to fund operations, research and development, fluctuations in operating results and other risks detailed from time to time in the company's filings with the Securities and Exchange Commission. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be forward looking statements. Forward looking statements involve a number of risks and uncertainties which could cause actual results or events to differ materials from those presently anticipated. For more information, visit the ZooLink Web site at http://www.zoolink.com or contact investor relations at 1-877-606-1212.
For further information, please contact Investor Relations:
West McDonald
T: 1-877-606-1212 ext 117 or
604-638-5465 ext 117 or
e-mail: ir@zoolink.com
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