LOS ANGELES, May 2, 2000 (BUSINESS WIRE) -- Vertical Computer Systems, Inc. (OTCBB:VCSYE) announced today that the Company has completed and submitted its 8-K electing successor issuer status pursuant to 12g-3 as a result of the merger with Scientific Fuel Technology, Inc., a 1934 Act fully reporting company.
Pursuant to the merger and under the provisions of Rule 12g-3 of the Exchange Act, Vertical Computer Systems, Inc. has assumed the reporting obligations of Scientific, by electing successor issuer status to Scientific, which causes Vertical Computer Systems, Inc., to become a fully reporting company.
Combined financial statements of Scientific and Vertical Computer Systems, Inc., have been attached to the Company's 8-K filing, as well as Vertical Computer Systems' audit for the period ending Dec. 31, 1999 completed by BDO Seidman.
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.