Ostara Corporation Announces Acquisition of Catalyst Solutions LLC. [DWZFBNG]
Business Editors/High-Tech Editors
WERNERSVILLE, Pa.--(BUSINESS WIRE)--Feb. 17, 2005--Ostara Corporation (OTC:OTRC) is pleased to announce that it has acquired through a stock swap transaction 100% interest in Catalyst Solutions, LLC. (Catalyst). Catalyst was a minority owned subsidiary of Ostara's DBC Systems Inc. Catalyst uses DBC System's Data Mining and Deep Crawling Technology for the Automotive Sector. Additionally, Catalyst holds a copyright for "FastTrack," a 32-bit application that provides automotive dealerships with ability to track vehicle information by providing functionality for inventory management, maintaining customer and sales data, "Buy Here-Pay Here" data, tracking, printing to forms and data export to QuickBooks etc. "FastTrack" is currently under expansion to version 2.0 which will incorporate additional functionality.
Catalyst uses DBC System's Data Mining and Deep Web Crawling Technology for the Automotive Industry to support online classifieds for used vehicles through custom branded websites. Current customers include KSL TV, Salt Lake City, Utah (kslcars.com), KOMO4 TV, Seattle, Washington (komo4cars.com), and News10 TV, Sacramento, California (CarsOnNews10.net). Catalyst has an aggressive marketing plan being implemented to significantly increase the number of media partners nationwide by the end of 2005.
Ostara CEO, Chad Sayers expressed his excitement about acquiring full control of Catalyst Solutions LLC: "Bringing back into Ostara's full control, the automotive vertical is very significant in our overall business plan. It immediately enables us to create additional revenue streams through existing media partners by providing the additional verticals of "real estate" and "jobs"--both of which have as much or more revenue potential than the automotive vertical."
Safe Harbor for Forward-Looking Statements: Except for historical information contained herein, the statements in this Press Release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in the future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, product price volatility, product demand, market competition, risk inherent in the Company's operations, imprecision in estimating product reserves and the Company's ability to replace and expand its real estate and software interests. Ostara Corp. assumes no obligation to update the information contained in this press release, whether as a result of new information, future events or otherwise.
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CONTACT: Ostara Corporation Inc., Wernersville
Alfonso C. Knoll, President, 610-678-7900
www.ostaracorp.com
KEYWORD: PENNSYLVANIA
INDUSTRY KEYWORD: HARDWARE AUTOMOTIVE SOFTWARE REAL ESTATE BUILDING/CONSTRUCTION MERGERS/ACQ
SOURCE: Ostara Corporation Inc.
Copyright Business Wire 2005
17Feb05 16:21 GMT
Symbols: us;OTRC
Source BW Business Wire
Categories: MST/I/AUT MST/I/CON MST/I/CPM MST/I/REA MST/I/SOF MST/L/EN MST/R/US/PA MST/S/MRG TGT/BWN
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