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Author Topic:   ENCU emerges from bankrupcy .
dardadog
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posted November 11, 2003 03:13           Edit/Delete Message   Reply w/Quote
Coming out at .0179 and could see a run this morning.

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Da Dog

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dawn0304
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posted November 11, 2003 09:50     Click Here to See the Profile for dawn0304     Edit/Delete Message   Reply w/Quote
ENCU is doing well today! Up 83% already. Good find Dardadog!!

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dawn0304
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posted November 11, 2003 10:27     Click Here to See the Profile for dawn0304     Edit/Delete Message   Reply w/Quote
This is insane! 332% and still going!!!!!

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dardadog
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posted November 11, 2003 10:32           Edit/Delete Message   Reply w/Quote
Almost 400%! Ridin' the rocket!!!!

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Da Dog

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usasail
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posted November 11, 2003 10:33     Click Here to See the Profile for usasail     Edit/Delete Message   Reply w/Quote
Nice Dude....so what price did you land this one on today?
quote:
Originally posted by dardadog:
Almost 400%! Ridin' the rocket!!!!


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U4TSAF2
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posted November 11, 2003 10:42     Click Here to See the Profile for U4TSAF2     Edit/Delete Message   Reply w/Quote
ENCU $ 0.07 0.052 288.89% 7,004,883 OTCBB


GOSH, WHAT AN ABSOLUTE AWFUL DAY FOR YOU FOLKS....

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lacy
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posted November 11, 2003 10:46     Click Here to See the Profile for lacy     Edit/Delete Message   Reply w/Quote
0.15... goooooooooo... i got in the one about 2 months ago ..

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dardadog
unregistered
posted November 11, 2003 10:47           Edit/Delete Message   Reply w/Quote
.037 outta the gate! In the immortal words of REO SPEEDWAGON - RIDIN' THE STORM OUT! EEEHHHAAAHHH!!!

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Da Dog

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Jeremy
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posted November 11, 2003 10:47     Click Here to See the Profile for Jeremy     Edit/Delete Message   Reply w/Quote
that's sweet, ameritrade screwed me this morning with unsettled funds, so I couldn't get in. It's strange, I can buy/sell OTC stocks, and my money is instantly available for trading. But I sold some stock that is listed on AMEX and it holds my funds

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Jeremy
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posted November 11, 2003 10:49     Click Here to See the Profile for Jeremy     Edit/Delete Message   Reply w/Quote
Oh wait.. today is a holiday, meaning a non-settlement day since banks are closed. Stupid move on my part for not remembering

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usasail
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posted November 11, 2003 10:59     Click Here to See the Profile for usasail     Edit/Delete Message   Reply w/Quote
DUDE U GET THE GOLD STAR TODAY EH'!!! NICE TRADE!!!!
quote:
Originally posted by dardadog:
.037 outta the gate! In the immortal words of REO SPEEDWAGON - RIDIN' THE STORM OUT! EEEHHHAAAHHH!!!


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dardadog
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posted November 11, 2003 11:02           Edit/Delete Message   Reply w/Quote
Thanka, Thanka very much!

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Da Dog

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usasail
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posted November 11, 2003 11:14     Click Here to See the Profile for usasail     Edit/Delete Message   Reply w/Quote
WORK S_U_C_K_S A_S_S SO BAD....I WOULDA JUMPED ON THIS ONE AFTER READING YOU INITIAL POST.....I WOULDA BEEN IN FOR 100K SHARES TOO....AAAAHHHH!!!! I HATE WORK!!!!! CALGON TAKE ME AWAY!!!! woulda, coulda, shoulda seems ta be my motto as off late @#$(*^&@#$(^!!!
quote:
Originally posted by dardadog:
Thanka, Thanka very much!


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U4TSAF2
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posted November 11, 2003 11:33     Click Here to See the Profile for U4TSAF2     Edit/Delete Message   Reply w/Quote
I GOT SOME REALLY BAD NEWS FOR YOU GUYS....

IF YOU DECIDED TO STAY RIGHT WHERE YOUR AT AND NOT SELL OUT, THE HISTORY OF THIS STOCK IS IN THE .40-.60 RANGE....

MY GUESS AND GUT WOULD TELL ME THAT YOU GUYS GO AWHILE TO GO ON THIS ONE SINCE IT JUST GOT OUT OF BANKRUPTCY...

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dardadog
unregistered
posted November 11, 2003 12:16           Edit/Delete Message   Reply w/Quote
Playin' 100,000 free shares at the moment. We'll let this pony run a little.

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Da Dog

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U4TSAF2
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posted November 11, 2003 12:36     Click Here to See the Profile for U4TSAF2     Edit/Delete Message   Reply w/Quote
ENCU $ 0.102 0.084 466.67% 29,486,140 OTCBB

MAN, I SURE DO HOPE WE DON'T HAVE ANYBODY JUMPING OFF ANY BRIDGES ANYTIME SOON....

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dardadog
unregistered
posted November 11, 2003 13:00           Edit/Delete Message   Reply w/Quote
Nice support at .10 - look for a good run late today. Hope everyone is in free and holding.

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Da Dog

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dardadog
unregistered
posted November 11, 2003 16:47           Edit/Delete Message   Reply w/Quote
Lot of profit taking late today that surprised/didn't surprise me. It's already up after the close.
http://host.wallstreetcity.com/wsc2/corporate_snapshot.html?DB=SQL&template=corpsnap.htm&Symbol=encu

Should be sweet in the morning as this stock was trading without most traders even aware. When they look at the numbers this evening and see it led the trading most of the day it will gap nicely in the morning and then we should be off to the races again. Hope everyone is on board for free or low end. Good Luck everyone. See you in the A.M.

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Da Dog

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dardadog
unregistered
posted November 11, 2003 20:20           Edit/Delete Message   Reply w/Quote
If everybodies doin' it.....then everybodies doin' it!!!!
http://www.hotstockchat.com/stockpage.htm

It's already gapped to .09 since the close. Get ready to ride tommorow. Git along little doggie.....

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Da Dog

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ve3avw
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posted November 12, 2003 09:21     Click Here to See the Profile for ve3avw     Edit/Delete Message   Reply w/Quote
up 300% yesterady .. May gap up today!

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montreal_diamonds
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posted November 15, 2003 11:33     Click Here to See the Profile for montreal_diamonds     Edit/Delete Message   Reply w/Quote
I really like this one. It looks like the support wall has formed at around .04-.05.
The just got a green light out of bankruptcy few days ago.
Recently they purchased Millennium Information & Technology Consultants Ltd. which is a 3 Million dollar revenue producer.
http://www.mitconsulting.net/html/aboutUs.htm

Currently the stock is trading in the same region that it did while it was in BK. Their quarterly report is coming out next week. This stock should be in 25 cent region ... definitely not a 4 cent stock.

It is interesting to see how MM's have brought it down on low volume just before the report. If the report is suspected to be negative, MM's would rally it up a head of the filing so that they can short it down ... but this time they have done the exact opposite ..
Anyway .. this is some of my DD .. would love to hear what you guys think !!!

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ve3avw
Member
posted November 18, 2003 15:25     Click Here to See the Profile for ve3avw     Edit/Delete Message   Reply w/Quote

You guys should really look into this one .. earnings report coming out this week.
They just got out of BK!!!!

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ve3avw
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posted November 18, 2003 15:29     Click Here to See the Profile for ve3avw     Edit/Delete Message   Reply w/Quote
up 46% today!!!

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ve3avw
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posted November 18, 2003 16:04     Click Here to See the Profile for ve3avw     Edit/Delete Message   Reply w/Quote
Is anyone lookign at this .. this puppys is going up!!!!!!!!!!!11

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ve3avw
Member
posted November 18, 2003 17:53     Click Here to See the Profile for ve3avw     Edit/Delete Message   Reply w/Quote
UP 51% TODAY!!!!

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nobrainer
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posted November 20, 2003 02:48     Click Here to See the Profile for nobrainer     Edit/Delete Message   Reply w/Quote
hmmm.. earnings out today, maybe not very impressive huh? Seems like the market was not interested in it, stock didn't receive alot of buy or sell, but a steady 27% decline! Any more ideas on this play?

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nobrainer
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posted November 20, 2003 03:02     Click Here to See the Profile for nobrainer     Edit/Delete Message   Reply w/Quote
I still think that a company out of BK should be worth more than pennies. ENCU's real value is between .10-.20!

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dardadog
unregistered
posted November 20, 2003 04:13           Edit/Delete Message   Reply w/Quote
10K could have looked better but could have looked much worse also. After last weeks wild ride I'm playing free and was really hoping revenue from newlie acquired company could have been considered in earnings for ENCU. It's still looking like a decent play and if a strong PR comes out it could be a great play.

ENCU - ENUCLEUS INC (OTCBB)
Date Open High Low Last Change Volume % Change
11/19/03 0.06 0.06 0.04 0.05 -0.02 4066100 -27.42%


Composite Indicator
Trend Spotter (TM) Buy

Short Term Indicators
7 Day Average Directional Indicator Buy
10 - 8 Day Moving Average Hilo Channel Hold
20 Day Moving Average vs Price Buy
20 - 50 Day MACD Oscillator Hold
20 Day Bollinger Bands Hold

Short Term Indicators Average: 40% - Buy
20-Day Average Volume - 3017330

Medium Term Indicators
40 Day Commodity Channel Index Hold
50 Day Moving Average vs Price Buy
20 - 100 Day MACD Oscillator Hold
50 Day Parabolic Time/Price Sell

Medium Term Indicators Average: - Hold
50-Day Average Volume - 1571850

Long Term Indicators
60 Day Commodity Channel Index Buy
100 Day Moving Average vs Price Buy
50 - 100 Day MACD Oscillator Sell

Long Term Indicators Average: 33% - Buy
100-Day Average Volume - 941334

Overall Average: 32% - Buy

Price Support Pivot Point Resistance

0.05 0.02 0.05 0.08

AmericanBulls has them at HOLD. If it drops below .04 in the morning I will add a little more to my stash and wait it out. Good things could happen here in my opinion.


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Da Dog

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nobrainer
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posted November 20, 2003 10:37     Click Here to See the Profile for nobrainer     Edit/Delete Message   Reply w/Quote
OMG, ENCU dropping on low volume.. holding.

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montreal_diamonds
Member
posted December 07, 2003 11:04     Click Here to See the Profile for montreal_diamonds     Edit/Delete Message   Reply w/Quote
StocpProwler has picked up on Encu
here is the link .. take a read!
http://www.stockprowler.com

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dardadog
unregistered
posted December 08, 2003 06:37           Edit/Delete Message   Reply w/Quote
It's time to take another look at this. Made some nice $$$ the first run and looks to be ready to bolt. Let's face it, this stock sold for 0.24 while in bankruptcy, and before the ugly Spring of 2000 it was a +$30.00 NASDAQ stock. The judge allowed them to acquire a large revenue producing company while they (eNucleus) were going through chapter eleven this year, almost unheard of, as both judge and acquired company have strong faith in re-emergence of this company. Shares stayed in-tact and they have an extremely small float. In my opinion, this is going to be a thing of beauty. Read on to understand better.


eNucleus Announces Successful Start of Acquisition Program
February 4, 2003

CHICAGO--eNucleus, Inc. (OTCBB ENCU) a next generation application delivery and managed hosting company today announces its successful beginning under the strategic asset acquisition program.

Part of eNucleus’ business strategy is to acquire leading software applications and business solution providers in specific market verticals that enjoy strong customer loyalty and enable those applications for delivery over the Internet for a recurring monthly fee on either a managed hosting or pure ASP basis

Results from Strategic Business Group, Inc. (“SBG”), our first acquisition under this program, have exceeded expectations. For the first month of operations within the eNucleus family, SBG has exceeded revenue expectations by 15% and enhanced profitability. SBG is 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.

"We are thrilled over the success Dave Hodges and all of the SBG team members have had during the recent period.” stated Scott Voss eNucleus’ President.
About eNucleus
eNucleus (www.enucleus.com) is a next generation application delivery and managed 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 Information:
eNucleus, Inc.
John Paulsen, 708/444-7300

and, of course the MIT acquisition
eNucleus Completes Acquisition of Millennium Information and Technology Consultants, LTD.

CHICAGO, IL, July 16, 2003 -- eNucleus, Inc. (OTCBB: ENCU), a next generation application delivery and managed hosting company today announced it has completed its previously-announced acquisition of Millennium Information and Technology Consultants, LTD. (“MIT"). Under the terms of the acquisition, eNucleus will acquire client contracts, solution rights and certain assets for consideration of 300,000 shares and up to 3.7 million shares of eNucleus common stock payable under a 12-month earn-out plan.

Ahmed Shaaban, founder and CEO of MIT, has joined eNucleus’ management team as Chief Operating Officer and will be responsible for the company’s day-to-day operations.

“The caliber of MIT’s personnel and the extensive experience they bring to eNucleus provide the organizational depth we need to execute our aggressive growth plans”, stated John Paulsen, eNucleus’ CEO. “Combined, we now have the internet infrastructure, technical personnel and sales management expertise necessary for delivering world class services with the breadth and depth that our target markets require”, stated Ahmed Shaaban, eNucleus’ newly installed COO. Scott Voss, eNucleus’ President added, “This acquisition provides eNucleus with critical resources for managing and growing our company according to the acquisition strategy we have laid out. We are extremely pleased to have them on our team.”

MIT Consultants is a leading professional services organization, which has proven expertise in the strategic design and implementation of ERP, CRM, sales automation, business intelligence and Internet infrastructures. MIT Consultants’ most significant contributions include innovations in IT asset valuation and recognition methods for the M&A process, ERP outsourcing management techniques, client centric marketing models for IT service organizations, content management methods, and Internet Commerce models designed to develop brand (by re-purposing media vehicle content). Their dossier shows solutions and analysis to notables including SBC-Ameritech, Bauer-Nike Hockey, Bruno Magli America, Apollo Management, Infinity Broadcasting, and Chicago Department of Transportation.


About eNucleus

eNucleus (www.enucleus.com) is a next generation application delivery and managed 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 enhance 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, 847/357-9600 www.enucleus.com


THIS IS WHAT IS CURRENTLY HAPPENING WITH THIS STOCK!!!!!!!!!!!!!

STOCK PROWLERS PICK OF THE MONTH!

Our pick for the month of December 2003, eNucleus, Inc. (OTC BB: ENCU) was an Internet high-flyer trading in the $30 range before the market began its slide/crash in March of 2000. Currently trading at a mere 3 cents, eNucleus is an unbelievable ground floor opportunity. Why? …Because, on November 6, 2003, eNucleus received its final decree from the United States Bankruptcy Court for the Northern District of Illinois, successfully concluding restructuring and emergence from bankruptcy. This means we have a well established wholesaler of Internet infrastructure/ Applications Service Provider (ASP) that, after emerging from bankruptcy and is substantially debt free, is still trading at pre-bankruptcy levels! It appears that shorters/ MM’s are keenly aware of this, and have dispatched their “pro-teams” to bash the hell out of ENCU on the message boards, driving the share price down to present levels. What a joke! Look… here’s what happened in the BK and why Stock prowler believes this is an incredible speculation:

Holders of certain allowed claims under the Plan of Reorganization received just one (1) share of common stock for every $3.00 of debt claim.


Approved shareholders received just one (1) share of new common stock for 6 shares of the old common.


New financing is in place for up to $1.5 million… with the secured note holder receiving 5 shares of restricted common stock for every dollar loaned.


Outstanding shares have been reduced to 100 million after reverse split.


This is a no brainer! Here we have a brand name, former Nasdaq company in a market that specializes in outsourcing business application software services for a $700 billion industry. The market for Internet infrastructure software will grow to over $36 billion in FY2003 according to International Data Corp… Web site and data hosting will increase to 14.6 billion in FY2003 according to Forrester research, Inc… The ASP market will grow from $900 million in 1998 to approximately 23 billion by FY2003 according to the prestigious Gartner Group. eNucleus, Inc. solutions offer businesses comprehensive internet-based outsourcing products that are designed to reduce costs, speed implementations, reduce technology risks, and provide guaranteed operating performance… It means companies don’t have to buy and maintain an expensive computer network. It means they don’t have to keep spending money on technology that is changing daily. It means they can eliminate IT headaches and save money on IT staff. It means critical business information is immediately available to everyone who needs it, when they need it—customers, suppliers and your employees. It means a business will operate more efficiently and more profitably.

It is our opinion that Internet-based models of software delivery will be the migration path of choice for most software applications in the foreseeable future due to the cost savings and broader accessibility of critical business information. eNucleus has focused on developing a reliable nationwide data network that allows companies to access their critical software applications and business data via high speed internet connections. This delivery method allows them immediate access without costly expenditures and headaches of building and maintaining a network infrastructure within their business establishment. eNucleus allows multiple businesses to access the same host server on which common software applications reside - paying a monthly fee on a per user basis.

The eNucleus’ business strategy is to acquire leading software applications in specific market verticals that enjoy strong customer loyalty and enable those applications for delivery over the Internet for a recurring monthly fee on either a managed hosting or pure ASP basis. By spreading the network infrastructure costs and the technological skills for “re-tooling” software applications over various acquired software applications and through the consolidation of back office operations, this business strategy increases overall profitability and lowers eNucleus’ risk for any given software application acquired. This business model also builds a strong base of recurring monthly income. As customers migrate to this new application delivery method, opportunities will invariably emerge for eNucleus to manage and deliver other core business processes such as electronic file management, data backup and disaster recovery needs.

With insiders holding a substantial amount of the outstanding shares… and debt holders having restricted common shares, it is the opinion of Stock prowler .com that trading in shares of ENCU could be extremely volatile because of the small float relative to OTC BB stocks. In our opinion, shares of ENCU could easily see 15 cents again short term on any news. Long term this looks BIG!

Stock prowler does not receive compensation from companies we profile or from third parties… we never have and never will. We use our own money when we buy stocks, and even though we usually take a position in a stock before we profile a company, our purchases are always relatively small so that the chance of having an effect on a stock’s price when we buy or sell is negligible. Please read our full disclaimer.

Also, contrary to a commonly held belief, Stock prowler does not have access to insider information, nor do we want to, because trading on insider information is illegal! All information contained in our reports is available in the public record… and any written or verbal communication with company CEOs/ IR people strictly adheres to this rule. Readers are urged to read the company SEC filings and do their own due diligence before investing in this or any other stock.

Good Trading… Stock.-.prowler


ENCU AND NEWLY ACQUIRED "MIT" HAVE A VERY IMPRESSIVE "PARTNER LIST"!!!!!!!




At Millenium Information Technology (MIT), we understand that no one company is expert in all technologies. That is why we have built partnerships with a select group of best-in-class vendors. We work closely with our partners to deliver superior expertise to our clients in all technical and business areas. To bring value to our clients through our partnerships, we:
Establish C-level relationships between the partner and our company, making them more responsive to our client-related requests.


Choose vendors early in their product life cycle, allowing us to gain concentrated real-world experience using the technology.


Apply and “re-use” the lessons from our partner engagements, so that our partner relationships add significant value and quality to every solution we provide, while reducing overall cost to our clients.





“Client-centered” is more than a corporate philosophy or mission at MIT. Our organization is built around the client. By putting the client at the center of our organization, we build our solutions across functions to fit the special challenges that each business faces.
Critical challenges face managers leading firms today. First, there is no simple, single cause or solution to the business and technology challenges of today. If managers could easily pinpoint the problems and devise solutions, they would not need assistance. Generally, the problems requiring outside assistance are complex, deep-seated, and require an enterprise level solution and experience of substantial breadth to solve. Outside consultants enjoy the advantage of not being a part of the client organization and can bring objective solutions.





We are a partner who can quickly grasp the situation, understands alternatives, and has the experience and breadth to quickly develop an effective solution. We understand that businesses and business issues are complex, which is why we remain fully committed to solving your issues.
Cognos, the world leader in business intelligence (BI), delivers software that helps companies improve business performance by enabling effective decision-making at all levels of the organization.

Whether it is a CRM application, an enterprise portal, call center, Wireless solution, or other e-commerce applications, easyClient rapidly delivers new integrated software services directly connected to legacy sources.

FatWire Corporation is a leading provider of dynamic content management and dynamic Web application assembly software.


Intel Online Services is dedicated to providing Internet operations management for the global enterprise. Intel Online Services draws from the experience of running Intel.com, with more than $2 billion of goods and services transacted over the Internet every month.

Sprint is a global communications company serving 23 million business and residential customers in more than 70 countries.

For 18 years, Sybase has delivered open-architecture enterprise infrastructure software, including databases, development tools, integration middleware, enterprise portals, and mobile and wireless servers.

THE LIST GOES ON AND ON AND IS JUST AS IMPRESSIVE!!!!



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Da Dog

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dardadog
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posted December 08, 2003 09:36           Edit/Delete Message   Reply w/Quote
Up 50% at open, don't miss out.

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Da Dog

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ve3avw
Member
posted December 08, 2003 09:38     Click Here to See the Profile for ve3avw     Edit/Delete Message   Reply w/Quote
We keep on bringing this stock up but no one asidfe from DarDog and my self is commenting .. take a look .. up50% ... just came out of BK!

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dardadog
unregistered
posted December 08, 2003 09:42           Edit/Delete Message   Reply w/Quote
60%

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Da Dog

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ve3avw
Member
posted December 08, 2003 10:03     Click Here to See the Profile for ve3avw     Edit/Delete Message   Reply w/Quote
.053x.055
was .03 this morning ... UP! 3Million in 30 minutes

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ve3avw
Member
posted December 08, 2003 10:05     Click Here to See the Profile for ve3avw     Edit/Delete Message   Reply w/Quote
+++++100%

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dardadog
unregistered
posted December 08, 2003 10:07           Edit/Delete Message   Reply w/Quote
How sweeeeeet it is! Hope everyone's paying attention!

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Da Dog

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dardadog
unregistered
posted December 09, 2003 09:28           Edit/Delete Message   Reply w/Quote
Nice gap again this morning. Could run a little.

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Da Dog

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dardadog
unregistered
posted January 22, 2004 03:17           Edit/Delete Message   Reply w/Quote
Just brought this up for all to peak at...



--------------------------------------------------------------------------------
Related Quotes
Sym. Price Chg.
ENCU Trade
News 0.031 -0.007
eNucleus Announces Agreement to Acquire Assets of PrimeWire, Inc.

January 21, 2004 17:24:59 (ET)


CHICAGO, Jan 21, 2004 /PRNewswire-FirstCall via Comtex/ -- eNucleus, Inc. (ENCU, Trade), a next generation software company, today announced its agreement to acquire the assets of PrimeWire, Inc. ("PrimeWire").

PrimeWire is an industry leading software Company servicing the technology needs of brokers, insurance companies, marketing organizations, payroll service bureaus and enrollment firms who provide third party benefit administration.

PrimeWire's application, known as ASSETS(TM), manages all of the complex business rules for eligibility and enrollment, billing and reconciliation, as well as on-going change management for all aspects of an employer's employee benefit program. More than 55 products are currently built on the system ranging from medical insurance to pet insurance. Clients include MyBenefitSource, Corporate Services, Inc., Holmes Shaw, United Specialty Benefits and Communication Partners, Inc., Wahcovia Insurance Services, Ferguson Marketing, and TM Hogan among others.

Robert Steele, PrimeWire's President, stated, "PrimeWire grew from 30,000 employees under management last year to over 130,000 this open enrollment season. Additionally, our application managed more than 755,000 individual benefit selections representing more than $450 million of benefit premiums. Our unprecedented growth forced us to look for a business partner, who could handle our anticipated growth of more than 450,000 employees under management by the end of 2004."

Under the terms of the transaction, eNucleus' subsidiary Financial ASPx, Inc. will acquire software rights, client contracts, and all other assets of PrimeWire for the consideration of cash and stock. PrimeWire revenues for 2003 were $2.2 million with an adjusted EBITDA of nearly $500,000.

Under the terms of the Agreement, PrimeWire will receive stock and cash consideration under a three year earn out with stock consideration priced at market upon the close of each of the subsequent 12 quarters. Particulars of the transaction can be found in the Company's 8K, which will be filed with the Securities and Exchange Commission concurrently with the close the transaction, scheduled for January 30, 2004.

"We are thrilled to welcome Robert Steele and the PrimeWire team to the eNucleus family," stated John Paulsen, eNucleus' CEO. "Their robust application and industry knowledge provides eNucleus an unparalleled opportunity in attracting market share in this $45 Billion industry."

"eNucleus provides PrimeWire with the opportunity to expand our reach into other vertical markets, build additional functionality, expand the company to meet market demands, and continue to meet current customer expectations," said Robert Steele, President of PrimeWire.

About eNucleus

eNucleus ( www.eNucleus.com ) is a next generation application company delivering robust software solutions to companies in specific market verticals. 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.

About PrimeWire

PrimeWire, www.primewire.com , is a technology company specializing in the building of online applications for employee benefits administration. The company is unique because its solution integrates all aspects of benefits administration to all stakeholders including enrollment, communication, administration, customer service, and billing. Each stakeholder which includes employers, employees, brokers and insurance companies all have their own self-service module. The underlying technology is Microsoft's .NET technology.

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 Information:
eNucleus, Inc.
John Paulsen, 231.439.2708
www.enucleus.com

SOURCE eNucleus, Inc.


John Paulsen of eNucleus, Inc., +1-231-439-2708
http://www.prnewswire.com

Copyright (C) 2004 PR Newswire. All rights reserved.


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AND AH SAID TA MYSELF, SELF....TIME TA GET PAID!!!!!!!!


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DaDog

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