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APTA (OTCBB) Apta Holdings, Inc. to Acquire Convergix, Inc.

THURSDAY , DECEMBER 05, 2002 07:35 AM

MAPLE SHADE, N.J., Dec 5, 2002 /PRNewswire-FirstCall via COMTEX/ -- Harry J. Santoro, President of Apta Holdings, Inc. (OTC Bulletin Board: APTA) today announced that pursuant to a share exchange agreement entered into on November 22, 2002 Apta Holdings, Inc. will acquire Convergix, Inc., a Canadian corporation which provides a comprehensive software solution, custom programming, and hosting services to mid-sized airlines and aircraft fleet operators.

Apta will acquire Convergix by issuing 25,000,000 shares of its common stock to the shareholders of Convergix in exchange for their Convergix shares.

Change of Management

Simultaneously with the closing of the transaction, all of the directors and officers of the Company shall resign and the shareholders of Convergix shall designate the new board of directors and the officers of the Company. It is anticipated that the new Board of Directors of the Company will consist of Ralph Eisenschmid, Jock English and Malcolm Little. The new executive officers of the Company shall be: Ralph Eisenschmid, President and CEO; Jock English, V.P. Sales and Marketing; and Malcolm Little, Chief Technology Officer.

Name Change

After closing, the Company will change its name to "Intelisys Aviation Systems U.S.A. Inc." or another suitable name, to better reflect the new business.

Business of Convergix

Convergix is a provider of integrated software solutions for regional, mid-sized airlines and fleet operators. The principal software suite of Convergix is the Amelia software solution which consists of four fully integrated product-suites that address the operational needs of mid-size airline and fleet operations:



* Flight Operations
* Reservations and Scheduling
* Human Resources
* Maintenance


Amelia also assists airline operators in key areas such as record keeping, regulatory compliance, capacity planning and resource allocation while managing maintenance requirements to seamlessly optimize operations.

Convergix is incorporated under the laws of the Province of New Brunswick, Canada. The address and telephone number of its main office is:


815 Bombardier Street
Shediac, New Brunswick
Canada, E4P 1H9
[phone] or 1-877-532-8515


For more complete information concerning this transaction and Convergix, see the Information Statement filed by the Company on December 3, 2002.

Certain statements made in this Press Release are "forward-looking statements." Without limiting the generality of the foregoing, such information can be identified by the use of forward-looking terminology such as "anticipate", "will", "would", "expect", "intend", "plans to" or "believes", or other variations thereon, or comparable terminology. Actual results, performance or developments may differ materially from those expressed or implied by such forward-looking statements as a result of market uncertainties or industry factors. Some important factors that may cause actual results that differ materially from those in any forward-looking statements may include the availability of future financing when needed, competitive pressures, and the ability to attract and retain key executive sales and management personnel. Apta disclaims any obligation or responsibility to update any such forward-looking statements.


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SOURCE Apta Holdings, Inc.


CONTACT: Harry J. Santoro, President of Apta Holdings, [phone],
or fax: [phone]
(APTA)

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