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!!!
Everyone was expecting news today. The company never said "News Wednesday". "Timely" PR's are not as important to this company as getting it right. It's definately not a "day" trade. But it's a "Good" trade. Not one to have all your eggs in cause it will take time to play out. When it does take off, the next level will definately surprise people I feel. One of the few companies I would ride a R/S thru with and not even flinch.
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DaDog
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