the rest of the story .. it's a merger.
EW YORK--(BUSINESS WIRE)--July 1, 2005--VIANET Technology Group, Ltd. (OTCBB:VTGL - News) announced today that it had reached a definitive agreement whereby its wholly-owned subsidiary, VIANET Acquisition Corp., will undertake a merger with VIANET Direct, Inc. The closing of the transaction will take place upon receipt of approval by the appropriate regulatory authorities.
VIANET Direct, Inc. (www.vianetdirect.com) is a real-time, virtual, interactive and anonymous trading system for all equities. VIANET provides an electronic platform in which institutions and financial intermediaries are directly linked to the largest pool of liquidity: the "point of sale" on the New York Stock Exchange (NYSE). A block trading system, VIANET provides for unique direct access, continuous order matching, timed crossing sessions, initiation of auctions and the ability to electronically search for hidden liquidity.
btw - pps is up but likely close with no change - .70 (.07).
Oh and 5.7 mil float now.