Los Angeles, CA, September 5, 2001 -- Vertical Computer Systems Inc. (OTCBB:VCSY) announced today the acquisition of one hundred percent (100%) of Texas-based EnFacet, Inc., developers of Web site management and e-commerce software solutions.
Under the terms of the agreement, EnFacet, Inc. will receive VCSY’s preferred stock and operate as one of VCSY’s wholly owned subsidiaries. EnFacet is currently executing numerous multi-modal and multilingual projects for clients including Infotech of Japan, California State University at Fullerton and La Opinion, the largest Spanish-language newspaper in the United States.
Richard Wade, VCSY’s President, called the acquisition of EnFacet “a natural extension of the VCSY family of companies, providing complementary technology for VCSY’s current solutions for multi-national and mid-tier corporations. VCSY is currently expanding Emily, its proprietary XML-based technology, for e-commerce and information management, and EnFacet’s innovations provide a strong synergy with our Emily enhancements.”
Vasu Vijay, President of EnFacet, stated, “the combination of Vertical’s existing products, services and professional talent with EnFacet’s breakthrough software will create a dynamic environment with potential for global growth.”
Based in Austin, Texas, EnFacet, Inc. is a leading provider of software for building, deploying and managing multi-modal, multidimensional and multilingual Web sites. EnFacet’s customers can deploy multiple web sites in less time than conventional approaches by utilizing the affiliation / syndication model. The approach, that separates Form, Function and Content into distinct sets of objects, is based on an open architectural framework. The double-byte enabled content management software is ideal for actuating complex B2B relationships and B2C marketing strategies on the Web. For more information, call 512-647-1220 or visit the company’s Web site at www.enfacet.com.
Vertical Computer Systems, Inc. (OTC.BB: VCSY) is a technology holding company that acquires and operates best-of-the-breed data management technologies that (i) complement each other and (ii) provide cross-product distribution channels. The power of VCSY's business model is multiplied by its proprietary global distribution system, its Home Country Gateway (HCGs).
Utilizing its growing global network of online HCGs, the company offers B2B, B2G and B2C solutions through its wide range of accessible resources that specifically cater to the needs and desires of targeted communities around the world. VCSY has also acquired Globalfare.com -- a complete online travel information center at www.globalfare.com.
At present, VCSY has five HCGs in operation: www.theWorldBridge.com, www.theIndiaBridge.com, www.theUSBridge.com, www.theBrazilBridge.com, www.theChinaBridge.com, and is working to establish other HCG partnerships, including www.theKoreaBridge.com.
The company is continuously developing Emily™ Solutions, (www.emilysolutions.com), proprietary XML-based technology providing unique software for e-commerce, information technologies, Web-based data management and process control.
VCSY also offers a free, easy and personalized e-mail service for all Web users (www.thepostmaster.net). For more information, visit the company’s Web site at www.vcsy.com.
This release contains, in addition to historical information, forward-looking statements. These statements are subject to a number of uncertainties and risks that could cause actual results to differ materially from those described in the forward-looking statements. Factors that may cause such a difference include, but are not limited to, competition from other portals, the Company’s ability to integrate and market the Emily™ software, the market reception to VCSY’S new products, the potential benefits to customers, the conversion of sales leads into customers and the ramp-up of ASP users and other factors over which VCSY may have little or no control such as those described in the Company’s filings with the SEC.