Tuesday, December 30, 2003 9:05:50 AM
IDGE InDigiNet Completes C2C Exchange Buyout
InDigiNet Completes C2C Exchange Buyout
NEWPORT BEACH, Calif., Dec. 30 /PRNewswire-FirstCall/ -- InDigiNet, Inc.,
(OTC Bulletin Board: IDGE), a provider of managed communication solutions for
Small to Mid-Size Enterprises (SMEs) in the United States, is pleased to
announce it has completed the buyout of C2C Exchange, Inc. (C2C) in exchange
for 5 million shares of Restricted Preferred Series A Stock of IDGE which
carries a 20-to-1 conversion right.
The previously announced Letter Of Intent to buyout C2C in exchange for
IDGE Restricted Shares included but not limited to customer base, web hosting
related assets, distributor network, any and all contracts necessary to
provide support or service to the customer base and/or distributor base as
well as conducting on-going business, all intellectual assets (i.e. patents,
copyrights, marketing concepts and etc.), all bank accounts, all unsettled
credit card billings, all accounts receivables or unbilled revenues, and all
fixed assets.
"While the UBC asset purchase added domestic and international VoIP
presence," stated InDigiNet CEO Mark Ellis. "The C2C buyout gave us marketing
muscles of 400 plus agents, a powerful suite of web offerings and further
added to our asset base which strengthens our balance sheet along with top
line revenues. Darwin and Schumpeter theories are alive and well in the SME
marketplace. These new building blocks will fortify us to better deal with
Darwin's survival of the fittest and Schumpeter's economic evolution."
"Times are tough for emerging companies, good and bad alike," stated
InDigiNet CEO Mark Ellis. "It's a rock fight out there. A rock fight in the
desert. Since I became the new CEO, to survive and thrive in this
marketplace, we have reinvented our Company. Yes, IDGE now has the same DNA
as animals that can survive in the desert. We can thrive on very little water
(cash) for long periods of time, regulate our body temperature (cost structure
and employee morale) to counteract extreme high and low temperatures, and
quickly change colors (alliances) to cope with new environmental realities and
predators (competitors)."
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.
The company's strategy is to acquire the customer bases of smaller, single
market communication companies and attractively priced Internet Service
Providers (ISPs). InDigiNet will then expand the breadth of their services to
grow revenue and enhance profitability. SMEs account for $120 billion in
commercial telephony, data services and technology spending, or 33% of the
country's total market and this spending is expected to grow at above average
rates over the next ten years.
For more information about InDigiNet visit www.indiginet.com .
About C2C Exchange, Inc.
C2C Exchange, Inc. (C2C) is 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 www.C2Cx.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 www.indiginet.com .
SOURCE InDigiNet, Inc.
-0- 12/30/2003
/CONTACT: Investor Relations of InDigiNet, Inc., +1-949-476-3711/
/Web site: http://www.indiginet.com
http://www.C2Cx.com /
(IDGE)
CO: InDigiNet, Inc.; C2C Exchange, Inc.
ST: California
IN: CPR TLS NET STW HRD
SU: TNM
*** end of story ***
InDigiNet Completes C2C Exchange Buyout
NEWPORT BEACH, Calif., Dec. 30 /PRNewswire-FirstCall/ -- InDigiNet, Inc.,
(OTC Bulletin Board: IDGE), a provider of managed communication solutions for
Small to Mid-Size Enterprises (SMEs) in the United States, is pleased to
announce it has completed the buyout of C2C Exchange, Inc. (C2C) in exchange
for 5 million shares of Restricted Preferred Series A Stock of IDGE which
carries a 20-to-1 conversion right.
The previously announced Letter Of Intent to buyout C2C in exchange for
IDGE Restricted Shares included but not limited to customer base, web hosting
related assets, distributor network, any and all contracts necessary to
provide support or service to the customer base and/or distributor base as
well as conducting on-going business, all intellectual assets (i.e. patents,
copyrights, marketing concepts and etc.), all bank accounts, all unsettled
credit card billings, all accounts receivables or unbilled revenues, and all
fixed assets.
"While the UBC asset purchase added domestic and international VoIP
presence," stated InDigiNet CEO Mark Ellis. "The C2C buyout gave us marketing
muscles of 400 plus agents, a powerful suite of web offerings and further
added to our asset base which strengthens our balance sheet along with top
line revenues. Darwin and Schumpeter theories are alive and well in the SME
marketplace. These new building blocks will fortify us to better deal with
Darwin's survival of the fittest and Schumpeter's economic evolution."
"Times are tough for emerging companies, good and bad alike," stated
InDigiNet CEO Mark Ellis. "It's a rock fight out there. A rock fight in the
desert. Since I became the new CEO, to survive and thrive in this
marketplace, we have reinvented our Company. Yes, IDGE now has the same DNA
as animals that can survive in the desert. We can thrive on very little water
(cash) for long periods of time, regulate our body temperature (cost structure
and employee morale) to counteract extreme high and low temperatures, and
quickly change colors (alliances) to cope with new environmental realities and
predators (competitors)."
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.
The company's strategy is to acquire the customer bases of smaller, single
market communication companies and attractively priced Internet Service
Providers (ISPs). InDigiNet will then expand the breadth of their services to
grow revenue and enhance profitability. SMEs account for $120 billion in
commercial telephony, data services and technology spending, or 33% of the
country's total market and this spending is expected to grow at above average
rates over the next ten years.
For more information about InDigiNet visit www.indiginet.com .
About C2C Exchange, Inc.
C2C Exchange, Inc. (C2C) is 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 www.C2Cx.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 www.indiginet.com .
SOURCE InDigiNet, Inc.
-0- 12/30/2003
/CONTACT: Investor Relations of InDigiNet, Inc., +1-949-476-3711/
/Web site: http://www.indiginet.com
http://www.C2Cx.com /
(IDGE)
CO: InDigiNet, Inc.; C2C Exchange, Inc.
ST: California
IN: CPR TLS NET STW HRD
SU: TNM
*** end of story ***
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.