Advent Technologies Inc of Coral Gables, Florida, has signed a letter of intent to acquire in a share exchange all the outstanding shares of New Reach Communications Inc. New Reach, based in Deerfield Beach, Florida, is a US provider of Internet services targeted at businesses. Offerings include Web presence services, which includes custom graphics, Web page design and layouts, multimedia and custom software development. In addition, the company can provide Internet access from 28.8Kbps to 45M bps.