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ENCU (OTCBB) eNucleus Announces Agreement to Acquire Assets of Strategic Business Group, Inc.

WEDNESDAY, DECEMBER 04, 2002 10:12 AM

CHICAGO, Dec 4, 2002 (BUSINESS WIRE) -- eNucleus, Inc. (OTCBB: ENCU) a next generation application delivery and managed hosting company today announced its agreement to acquire the assets of Strategic Business Group, Inc. ("SBG").

SBG is a leading solution provider in the home healthcare industry servicing the multitude of companies providing DME, home health and home infusion services. Clients include Option Care, Caremark, University of Michigan and the Henry Ford Health Systems.

Under the terms of the acquisition eNucleus' subsidiary Health ASPx will acquire software rights, client contracts, and all other assets of SBG for the consideration of eNucleus common stock and the assumption of certain liabilities. The transaction is based upon SBG maintaining a revenue run rate of $725,000 and a projected net income of $200,000.

Stock and debt consideration will be paid out over a 24-month period with stock payments priced at market at the close of each monthly interval. Monthly payments are set at 50% of net income.

"We are thrilled to welcome Dave Hodges and all of the SBG team members to the eNucleus family," stated Scott Voss, eNucleus president. "The skill set, industry knowledge and proven methodologies of SBG fit perfectly with our objective of helping home healthcare agencies migrate to an Internet based business model."

"The innovative direction of eNucleus opens significant business opportunities in the home healthcare industry. We are extremely excited to be a part of their business plan," said Dave Hodges, president of SBG.



About eNucleus


eNucleus (www.enucleus.com) is a next generation business process hosting company that delivers software solutions from reliable application platforms via our national data center network. Our primary focus is to deliver vital software applications to companies in specific market verticals that exponentially enhances the flow of information within their organization as well as with their customers, suppliers and partners. The seamless and immediate exchange of critical business information provided by our software solutions allows clients to run their businesses with maximum efficiency and profitability.

The information contained in this press release, including any "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 contained herein, should be reviewed in conjunction with the Company's annual report, financial filings and other publicly available information regarding the Company, copies of which are available from the Company upon request. Such publicly available information sets forth many risks and uncertainties related to the Company's business and such statements, including risks and uncertainties related to that are unpredictable and outside of the influence and/or control of the Company.


CONTACT: eNucleus, Inc.
John Paulsen, 708/444-7300
www.enucleus.com
or
Corporate Image Bureau
Juan Ferreira, 407/774-9949

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