LOS ANGELES, Apr 28, 2000 /PRNewswire via COMTEX/ -- Vertical Computer Systems, Inc. (OTC Bulletin Board: VCSYE) announced today that it has merged with Scientific Fuel Technology, Inc., ("Scientific") a 1934 Act fully reporting company on April 27, 2000.
Pursuant to the merger and under the provisions of Rule 12g-3 of the Exchange Act, Vertical Computer Systems, Inc. will assume the reporting obligations of Scientific by electing successor issuer status which will cause Vertical Computer Systems, Inc. to become a fully reporting company. Combined financial statements of Scientific and Vertical Computer Systems, Inc. are being completed and the Company expects to file the appropriate 8-K by May 2, 2000.
Vertical Computer Systems, Inc. is a multi-lingual portal provider, and e-commerce solutions company, based in the United States. The Company provides a full range of Internet services that include building e-commerce solutions nationally and internationally, distributing content via its multi- lingual portal network (http://www.TheChinaBridge.com); and Internet services (http://www.thepostmaster.net). Through its majority-owned subsidiary, Externet World, Inc., the Company provides online shopping services (http://www.ShoppingInternet.com) and proprietary online gaming software (http://www.ccpsoftware.com). Vertical Computer Systems is committed to building e-commerce communities on the Internet in the Americas, Europe, Asia and Pacific Rim.
SOURCE: Vertical Computer Systems, Inc.