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Last week this started picking up steam with no news. It went up 70% last Friday alone, and today they release this press release. This could be a good stock since it involves hurricane and emergency preparations for businesses. Check it out!
**************** Business Continuity Leader AcXess, Inc. Becomes Publicly Traded Company; Important Milestone Further Positions AcXess as a Leader in the Business Continuity Marketplace; Reverse Acquisition with Innovative Software Technologies Completed
By BusinessWire Last Update: 7/19/2006 9:00:35 AM Data provided by
BOCA RATON, Fla., Jul 19, 2006 (BUSINESS WIRE) -- AcXess, Inc. (INIV), the first company to make FORTUNE 100-class business continuity solutions affordable for small and medium-sized enterprises, announced today that it has completed a reverse acquisition of Innovative Software Technologies, Inc., a publicly traded company. AcXess(R) finalized the transaction on June 26, 2006 and the company's common stock now trades on the OTC Bulletin Board under the symbol "INIV." AcXess is headquartered in Boca Raton, Florida.
"This is a significant milestone for AcXess and further validates our standing as the leader in disaster recovery and business continuity solutions for the small to medium-sized enterprise," said Tony Zalenski, Chairman of the Board and CEO of AcXess. "Over the past year we have brought ground-breaking offerings to market, forged key partnerships with industry leaders, and enhanced our leadership team. We believe this transaction will enable us to acquire the financial resources necessary to execute our plan."
AcXess executives are proven business leaders and include the pioneers of the hosted infrastructure market in the 1990's. Tony Zalenski, the firm's Chairman of the Board and CEO, has over 30 years of international high tech industry experience and has held executive positions with several Fortune 100 companies. Mr. Zalenski has extensive experience managing merger and acquisition transactions, public and private financings, as well as strategic corporate relationships. As President and CEO of Boca Research (NASDAQ: BOCI), Mr. Zalenski grew annual sales from $40 million to $150 million. Previously, he served as Corporate Vice President and COO of Motorola UDS/ISG, a $750 million entity. Prior to Motorola, Mr. Zalenski was a founding member of Isacomm, a telecommunications startup subsequently purchased by US Sprint.
AcXess provides solutions for small and medium-sized enterprises that affordably protect businesses from loss of operational capabilities and revenue during natural or man-made emergency situations. Because of its revenue-sharing partnership model, AcXess solutions are primarily delivered to the market through resellers and partners.
Earlier this year, AcXess announced the first ever Business Continuity Solution built around the Citrix Access Infrastructure platform. The AcXess Solution(R) makes rapid disaster recovery easy and affordable for mid-market firms. In the event of a disruption to its IT environment, AcXess Solution customers can be fully operational in minutes or hours, instead of days or weeks.
About AcXess, Inc.
AcXess is the first company to make FORTUNE 100-class business continuity affordable for small and medium-sized enterprises. AcXess enables resilience for critical IT infrastructure and allows firms of almost any size to avoid loss of operational capabilities and revenue during natural or man-made emergency situations, and to meet stringent business continuity requirements demanded by customers, partners, shareholders and federal regulators. The AcXess "channel-first" partner model enables VARs to immediately meet this rising demand for BC solutions while creating significant streams of recurring revenue. Prior to implementation of The AcXess Solution, a Business Impact Analysis is completed for each customer that details the affordability and financial benefits of AcXess solutions, including ROI and reduced TCO. Visit www.acxess.com for more information.
AcXess(R) and AcXess Solution(R) are registered trademarks of AcXess Inc. Other products or services may be the trademarks of their respective owners.
SOURCE: AcXess, Inc.
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