4net Software plans to complete the acquisitions within the next 90 days. 4net Software expects to finance the cost of the acquisitions through debt and equity financing.
The acquisitions will increase 4net Software’s product line, expand our distribution channels and should provide synergistic opportunities between the products and services provided by the companies and 4net Software. As result of the acquisitions, management expects 4net Software to report a profit for the current fiscal year which ends September 30, 2001.
4net Software’s objective is to create value for its shareholders through internal growth and acquisition of niche software companies with revenues and earnings,” explains Steven N. Bronson, President of 4net Software, Inc. “The two software companies have met our acquisition criteria which include, among other things, a sound business model, proprietary technology, proven earnings, and a potential for growth in their existing markets.
