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realityinc21
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eNucleus to Acquire TakGroup


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CHICAGO, April 28 /PRNewswire-FirstCall/ -- eNucleus, Inc. (OTC Bulletin Board: ENUI), a next generation application company that delivers proprietary software solutions via license and managed hosting for middle market healthcare, education, distribution, insurance and financial services industries, announced today that they have entered into a letter of intent to acquire the TakGroup, Inc., a privately held Internet-enabled petroleum supply chain network headquartered in Portland, Oregon. Under the terms of the agreement, holders of TakGroup will receive 750,000 shares of eNucleus common stock over a period of three years. The TakGroup provides comprehensive Internet-enabled automated solutions to petroleum suppliers, distributors and end-user customers of motor fuels, refined products and the lubricant market. TakGroup projects $1.2 million in revenue for 2004 and earnings of approximately $400,000. TakGroup's supply chain network solutions include: TakNet a customized Private ***********work -- PTN for major petroleum companies and OEMs, TakLink an integrated platform for marketers and TakBiz an integrated platform for utilities. TakGroup's current customers include CITGO Petroleum, Chevron, ExxonMobil, Detroit Diesel and John Deere. eNucleus acquires companies that have proprietary software applications within its core business groups, healthcare, education, distribution and financial services industries that can be adapted for Internet delivery. In addition to operating savings that result from consolidation, eNucleus employs a pricing strategy that focuses on long-term recurring monthly revenue rather than high upfront purchase prices allowing potential customers to easily transition into new programs. In January 2004, eNucleus successfully completed the acquisition of PrimeWire, Inc., a software company servicing the insurance industry and payroll and benefit administrators. PrimeWire's ASSETS(TM) program assists benefit providers in managing the complex eligibility, enrollment, billing and reconciliation process-surrounding employee benefit programs. John Paulsen, Chairman and CEO of eNucleus said, "The TakGroup is an ideal match for eNucleus and will be a critical building block in our distribution software segment. TakGroup's innovative supply chain network solutions streamline petroleum transactions resulting in increased productivity, as well as time and cost savings for users. The TakGroup family of products, truly represent the next generation approach for increasing supply chain efficiency. I am confident that the TakGroup acquisition will increase eNucleus shareholder value." About eNucleus eNucleus ( www.eNucleus.com ) is a next generation application company that delivers robust software solutions to companies within the healthcare, education, distribution, insurance and financial services markets. The seamless and immediate exchange of critical business information provided by our software solutions allows our 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. SOURCE eNucleus, Inc. -0- 04/28/2004 /CONTACT: Corporate - John Paulsen, CEO of eNucleus, Inc., +1-231-439-2708, investorrelations@enucleus.com; Agency - Paul Holm, pholm@portfoliopr.com or Maggie Johns, mjohns@portfoliopr.com, both for eNucleus, Inc., +1-212-736-9224/ /Web site: http://www.eNucleus.com / (ENUI) CO: eNucleus, Inc.; TakGroup, Inc. ST: Illinois IN: CPR STW OIL HEA OTC EDU INS FIN SU: TNM

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DIANA


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