InDigiNet Issues LOI to Buy Up to 25% GaeaCare
InDigiNet Issues LOI to Buy Up to 25% GaeaCare
NEWPORT BEACH, Calif., Dec. 8 /PRNewswire-FirstCall/ -- InDigiNet, Inc., (BULLETIN BOARD: IDGC) , a provider of managed communication solutions for Small to Mid-Size Enterprises (SMEs) in the United States, is pleased to announce that the Company has issued a revised Letter of Intent for the purchase of up to 25% of GaeaCare Syndicate Partners, Inc. of San Francisco, California.
"Dr. Daniel McGrath of Nu Image MedSpa has requested that we reopen our talks with GaeaCare in terms of a 25% equity purchase," stated InDigiNet CEO Mark Ellis. "With our Business Development Company status, we now have greater flexibility as to how we invest in other companies as well as how we will fit them in our corporate structure. It is our intention as a BDC to assemble a diverse portfolio of companies, which has the highest potential of being spun off in a future IPO. We will be leveraging the combined talents of our experienced management team to incubate these companies and seek to enhance shareholder value."
Ellis further stated, "The spotlight shines ever brighter on the war against terrorism. On October 18, 2004, President George W. Bush signed HR 5467 in the Oval Office, The Department of Homeland Security Appropriations Act for the fiscal year 2005. He then, on December 3, 2004, nominated former New York City Police Commissioner Bernard Kerik to take over as Secretary of Homeland Security. This adds up to more public attention on companies who are in the Homeland Security business."
"Exciting GaeaCare was never far from our minds. Prior to Nu Image MedSpa and our BDC election, we didn't have the necessary backing and flexibility to get the purchase done. Nor did we have the proper housing to incorporate GaeaCare under our roof. All this has changed. We now have greater abilities to treat everyone equitably and we'll endeavor to expedite the balance of negotiations in process," Ellis concluded.
About GaeaCare Syndicate Partners, Inc.
GaeaCare Syndicate Partners, Inc. is a proactive environmental products and services corporation that intends to become a leading environmental cleanup, emergency response, and environmental remediation company by the use of new computer systems technology, sensor technology, communications technology, systems concepts and microbial environmental cleanup treatment to serve the Homeland Security and environmental industries. Sub-Surface Waste Management, Inc., a U.S. Microbics company, is a 10% equity holder.
For more information on GaeaCare visit www.ags-gaeacare.com.
About InDigiNet, Inc.
InDigiNet, Inc. is an integrated solutions company that provides small to mid-size enterprises (SMEs) with an integrated communication solution. The Company will offer data, local, long distance and wireless services to SMEs over third party networks enabling the company to offer a comprehensive suite of services without the capital burden of building a communication network. Under the C2C Exchange (C2C) brand name, the Company is known as a website design, hosting and complete e-commerce provider delivering one of the easiest and most powerful website building solutions on the Internet. The Company and its development team have automated the ability for a user to quickly and easily create powerful, feature rich, professionally designed websites. C2C has incorporated state-of-the-art features with styles, layout and graphics in addition to powerful functional management tools that every successful business needs for e-commerce. In a fraction of the time it once took, a user can now create a fully functional e-commerce website using any Internet access method. Compared to the traditional costs of web development, this service is simple and affordable. For more information, go to http://www.c2cexchange.com/. And for the Company's complete web design services, go to http://www.thesitedoctors.com/.
For more information about InDigiNet visit http://www.indiginet.com/.
Statements made in this press release regarding the Company's or management's intention, beliefs, expectations, or predictions for the future are forward-looking statements. Such forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause the Company's actual results to differ materially from those projected in such forward-looking statements. These risks, assumptions and uncertainties include: the ability to compete effectively in a rapidly evolving and price competitive marketplace; possible reductions in demand for our products and services due to competition or changes in industry conditions; changes in the nature of telecommunications regulation in the United States and other countries; changes in business strategy; the successful integration of newly-acquired businesses; the impact of technological change; and other risks referenced from time to time in the Company's filings with the Securities and Exchange Commission.
For additional information call Investor Relations 949-476-3711
or visit company website http://www.indiginet.com/.
CONTACT: Investor Relations of InDigiNet, Inc., +1-949-476-3711
Source: InDigiNet, Inc.
Web site: http://www.thesitedoctors.com/
Web site: http://www.c2cexchange.com/
Web site: http://www.ags-gaeacare.com/
Web site: http://www.indiginet.com/
-------
Profile: intent



0 Comments:
Post a Comment
<< Home