GK Intelligent Systems, Inc. (fka GKIG)

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Good news out it may seem...

GK Intelligent Systems Receives 100% of Ascendant TSG Shares in Exchange Agreement
Business Wire - August 17, 2004 10:00

HOUSTON, Aug 17, 2004 (BUSINESS WIRE) -- GK Intelligent Systems, Inc. (OTCBB:GKIG), a publicly held micro-marketing company with entertainment and technology subsidiaries, announced today that it reached a definitive agreement to exchange its shares with Houston-based Ascendant TSG, a privately held corporation. Under the agreement, GKIG issued undisclosed equity in return for 100% ownership of the current issued and outstanding shares of Ascendant TSG. The transaction was arranged by Stanton, Walker & Company, a New York-based consulting firm retained by GK.

According to the President and CEO of GK Intelligent Systems, Inc., Gary Kimmons, "Ascendant TSG has distinguished itself in the business process management solutions marketplace by offering superior service. Also, it has key alliances with industry leaders such as Microsoft and IBM. Ascendant will be a profitable enterprise while assisting GKIG with its growth objectives."

Julie Maranto, President and COO of Ascendant, commented "I am very pleased to become a part of GK Intelligent Systems, Inc. This is a significant opportunity for Ascendant to obtain the resources it needs to grow and move into new markets."

About Ascendant TSG

Founded in 1992, Ascendant TSG is a privately held, Houston-based full service provider of quality collaborative e-business process software, process consulting, rapid web development and hosting services. Ascendant TSG has assembled an excellent team of seasoned professionals. Led by an executive team which draws upon years of experience in business and technology, Ascendant TSG provides a uniquely professional and productive approach to solutions provisioning.