2004-05-26 09:35:21
InDigiNet Acquisitions and Progress Update
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NEWPORT BEACH, Calif., May 26 /PRNewswire-FirstCall/ -- InDigiNet, Inc., (OTC Bulletin Board: IDGE), a provider of managed communication solutions for Small to Mid-Size Enterprises (SMEs) in the United States, is pleased to provide an update on the progress of our company and our merger & acquisition plans. "You will have gathered from our communications over recent months that the last several quarters have been a watershed times for the Company and during which we have made considerable progress," stated InDigiNet CEO Mark Ellis. "In order to pave the way for strong growth in performance, we have set a clear strategic direction for the coming weeks, months and years. Our plan was built on a two-prone strategy of solid customer wins and mergers for wholesale customer acquisition." Ellis further stated, "I am happy to report that we have made significant advancement on both of these fronts. With the completed merger of C2C and selected asset purchases of UBC and The Site Doctors (TSD), customer conversions along with customer wins are starting to have affect on our overall outlook. TSD's win of the GaeaCare web redesign project and not only was it a revenue success, but also it allowed us entree into the Homeland Security and environmental industries using GaeaCare as our calling card. We look at the TSD acquisition as a gift that keeps on giving." "The dramatic acceleration of our business activity in the recent quarters has been a result of years of developing relationships and expanding our presence in the market. Even as key milestones are being surpassed, the Company is in active merger discussions with multiple web design houses that will propel us up a couple of levels. We expect substantial revenue from these potential acquisitions for the balance of 2004 and beyond," concluded Ellis. About InDigiNet, Inc. InDigiNet, Inc. is an integrated solutions company that provides small to mid-size enterprises (SMEs) with an integrated communication solution. The Company will offer data, local, long distance and wireless services to SMEs over third party networks enabling the company to offer a comprehensive suite of services without the capital burden of building a communication network. Under the C2C Exchange (C2C) brand name, the Company is known as a website design, hosting and complete e-commerce provider delivering one of the easiest and most powerful website building solutions on the Internet. The Company and its development team have automated the ability for a user to quickly and easily create powerful, feature rich, professionally designed websites. C2C has incorporated state-of-the-art features with styles, layout and graphics in addition to powerful functional management tools that every successful business needs for e-commerce. In a fraction of the time it once took, a user can now create a fully functional e-commerce website using any Internet access method. Compared to the traditional costs of web development and hosting, this service is simple and affordable. For more information, go to www.c2cexchange.com and/or www.thesitedoctors.com. Statements made in this press release regarding the Company's or management's intention, beliefs, expectations, or predictions for the future are forward-looking statements. Such forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause the Company's actual results to differ materially from those projected in such forward-looking statements. These risks, assumptions and uncertainties include: the ability to compete effectively in a rapidly evolving and price competitive marketplace; possible reductions in demand for our products and services due to competition or changes in industry conditions; changes in the nature of telecommunications regulation in the United States and other countries; changes in business strategy; the successful integration of newly-acquired businesses; the impact of technological change; and other risks referenced from time to time in the Company's filings with the Securities and Exchange Commission. For additional information call Investor Relations 949-476-3711 Or visit company website www.indiginet.com. SOURCE InDigiNet, Inc. -0- 05/26/2004 /CONTACT: Investor Relations of InDigiNet, Inc., +1-949-476-3711/ /Web site: http://www.thesitedoctors.com / /Web site: http://www.c2cexchange.com / /Web site: http://www.indiginet.com / (IDGE) CO: InDigiNet, Inc. ST: California IN: CPR TLS ITE MLM OTC SU: TNM
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Due Da Due......But Be Quick About It!!!!!
DaDog