Wednesday, September 24, 2003 8:39:28 AM
MXDY News
Maximum Dynamics, Inc. Acquires Unilogic Solutions (Pty), Ltd.
Market Wire, Wednesday, September 24, 2003 at 07:58
Maximum Dynamics, Inc. (OTC BB: MXDY),
a financial services company that supports the financial community with
back office fund administration and client side support, announced today
that it has signed an agreement to acquire a majority ownership of Unilogic
Solutions (Pty), Ltd. ("Unilogic"). After the transaction is complete,
Unilogic, which is a South African Proprietary Limited Company, will be a
majority controlled subsidiary of Maximum Dynamics ("Maximum").
Under the Agreement, Maximum will acquire 51% of the stock currently
outstanding in Unilogic for a total of $204,000, of which $132,000 will be
paid with 6,000,000 shares of Maximum's common stock and the remainder
being paid in cash in equal payments over the next 12 months.
Unilogic has developed a suite of electronic content management and
business workflow software applications that overlap in functionality with
Maximum's software system Datalus. These software applications target other
markets not currently being addressed by Datalus, such as human resource
management, insurance claims processing, corporate procurement and supply
chain management, employee labor relations, debt management, contracts
management and loan application process management.
"We are so excited about this acquisition because there is such an
excellent fit strategically, technologically and perhaps most importantly
in terms of synergy," said Joshua Wolcott, Maximum's Chief Financial
Officer, who just returned from South Africa where he helped complete the
acquisition. "Management of both companies shares the same vision and
values, which made completing the deal much easier. Without this, I think
it would have been harder to complete because the valuation was tricky. You
have a company with recent revenue generation but very substantial amounts
of business in the pipeline. While I was there, Unilogic presented
proposals to five new companies, including three huge potential accounts.
In the end, we got the deal done because we all focused on the bigger
picture."
Unilogic's business in the pipeline consists of eleven proposals under
consideration and fourteen proposals that were recently submitted. Of the
proposals under consideration, Unilogic has made the short-list on every
single one, including three large, multi-year contracts. With an 80%+ close
rate on proposals, Unilogic's management expects to be closing on several
business contracts before the end of 2003.
"The companies that Unilogic is sitting down with speaks volumes about
their ability to not only create valuable technology solutions but more
importantly to sell them," said Eric Majors, Maximum's Chief Executive
Officer. "I think our ability to leverage our company and network to help
augment their sales capabilities and build out their infrastructure is what
makes our relationship special. Together, we have been able to get in front
of decision makers for enormous contracts that we would both be unable to
do on our own."
Management of Unilogic will be left intact with operations remaining in
Cape Town, South Africa. Maximum Dynamics will move part of its operations
into Unilogic and base the rest out of RHT Management Services, an
accounting group with which it recently formed a strategic partnership.
For more information on Maximum Dynamics, visit the company's website at
http://www.maximumdynamics.com.
For more information on Unilogic Solutions, visit the company's website at
http://www.unilogic.co.za/.
This press release may contain forward-looking information within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934, and is subject to the safe harbor created
by those sections. Maximum Dynamics assumes no obligation to update the
information contained in this press release. Maximum Dynamics' future
results may be affected by its ability to continue to implement its hedge
fund administration services, its newly acquired Internet marketing
capabilities, its dependence on procuring highly competitive hedge fund
administration contracts, its dependence on hiring and retaining qualified
professionals, potential fluctuations in its quarterly operating results,
its dependence on certain key employees and its ability to timely and
effectively integrate the businesses it may acquire.
Joshua Wolcott
Maximum Dynamics, Inc.
Tel: 303-733-3484
Companies or Securities discussed in this article:
Symbol Name
BB:MXDY Maximum Dynmanics (BB)
Maximum Dynamics, Inc. Acquires Unilogic Solutions (Pty), Ltd.
Market Wire, Wednesday, September 24, 2003 at 07:58
Maximum Dynamics, Inc. (OTC BB: MXDY),
a financial services company that supports the financial community with
back office fund administration and client side support, announced today
that it has signed an agreement to acquire a majority ownership of Unilogic
Solutions (Pty), Ltd. ("Unilogic"). After the transaction is complete,
Unilogic, which is a South African Proprietary Limited Company, will be a
majority controlled subsidiary of Maximum Dynamics ("Maximum").
Under the Agreement, Maximum will acquire 51% of the stock currently
outstanding in Unilogic for a total of $204,000, of which $132,000 will be
paid with 6,000,000 shares of Maximum's common stock and the remainder
being paid in cash in equal payments over the next 12 months.
Unilogic has developed a suite of electronic content management and
business workflow software applications that overlap in functionality with
Maximum's software system Datalus. These software applications target other
markets not currently being addressed by Datalus, such as human resource
management, insurance claims processing, corporate procurement and supply
chain management, employee labor relations, debt management, contracts
management and loan application process management.
"We are so excited about this acquisition because there is such an
excellent fit strategically, technologically and perhaps most importantly
in terms of synergy," said Joshua Wolcott, Maximum's Chief Financial
Officer, who just returned from South Africa where he helped complete the
acquisition. "Management of both companies shares the same vision and
values, which made completing the deal much easier. Without this, I think
it would have been harder to complete because the valuation was tricky. You
have a company with recent revenue generation but very substantial amounts
of business in the pipeline. While I was there, Unilogic presented
proposals to five new companies, including three huge potential accounts.
In the end, we got the deal done because we all focused on the bigger
picture."
Unilogic's business in the pipeline consists of eleven proposals under
consideration and fourteen proposals that were recently submitted. Of the
proposals under consideration, Unilogic has made the short-list on every
single one, including three large, multi-year contracts. With an 80%+ close
rate on proposals, Unilogic's management expects to be closing on several
business contracts before the end of 2003.
"The companies that Unilogic is sitting down with speaks volumes about
their ability to not only create valuable technology solutions but more
importantly to sell them," said Eric Majors, Maximum's Chief Executive
Officer. "I think our ability to leverage our company and network to help
augment their sales capabilities and build out their infrastructure is what
makes our relationship special. Together, we have been able to get in front
of decision makers for enormous contracts that we would both be unable to
do on our own."
Management of Unilogic will be left intact with operations remaining in
Cape Town, South Africa. Maximum Dynamics will move part of its operations
into Unilogic and base the rest out of RHT Management Services, an
accounting group with which it recently formed a strategic partnership.
For more information on Maximum Dynamics, visit the company's website at
http://www.maximumdynamics.com.
For more information on Unilogic Solutions, visit the company's website at
http://www.unilogic.co.za/.
This press release may contain forward-looking information within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934, and is subject to the safe harbor created
by those sections. Maximum Dynamics assumes no obligation to update the
information contained in this press release. Maximum Dynamics' future
results may be affected by its ability to continue to implement its hedge
fund administration services, its newly acquired Internet marketing
capabilities, its dependence on procuring highly competitive hedge fund
administration contracts, its dependence on hiring and retaining qualified
professionals, potential fluctuations in its quarterly operating results,
its dependence on certain key employees and its ability to timely and
effectively integrate the businesses it may acquire.
Joshua Wolcott
Maximum Dynamics, Inc.
Tel: 303-733-3484
Companies or Securities discussed in this article:
Symbol Name
BB:MXDY Maximum Dynmanics (BB)
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