EXIM Internet Group, Inc. (OTC: EXGN.PK) announces its intention to acquire XP Solutions Ltd (http://xps.bg), a well-established European based professional IT firm.
Released on = December 17, 2005, 11:58 am
Industry = International Trade
Sofia, BULGARIA -- (MARKET WIRE) – Dec. 15th, 2005 -- EXIM Internet Group, Inc. (OTC: EXGN.PK), operator of export/import industry oriented B2B web properties, is in final negotiations to acquire 90% equity stake in XP Solutions Ltd (http://xps.bg), a well-established Eastern European based professional IT firm, the deal goals to scale up its current back end and IT operations.
“The current acquisition reflects the company’s plans of expansion and to become a multi-million page web site operator as well as supporting our current and future IT operations and at the same time reducing the costs of on-going technical support of huge web properties. Taking into serious consideration the long history of XP Solutions Ltd, its expertise and professionalism of more than 50 years accumulated practical experience over internet, our company has decided to acquire rather than establish a brand new one.” said Mr. Oleg Lazarov, CEO of EXIM Internet Group, Inc.
About EXIM Internet Group, Inc. (OTC: EXGN.PK)
(http://eximinternet.com)
EXIM Internet Group, Inc. intends to acquire and operate companies, web sites, projects and ventures primarily within the Export/Import and International trading industries. Currently the company’s network totals more than 600,000 content-rich industry specific pages under management. EXIM's websites include:
http://www.usaexportimport.com
http://www.ExportImportForum.com
http://www.post-trade-leads.com
http://globalexport.usaexportimport.com
About XP Solutions Ltd.
(http://xps.bg)
XP Solutions Ltd., established in 1996 is an Eastern Europe based professional web consulting and developing company with IT center located in Sofia, Bulgaria.
Contact Details:
Oleg Lazarov
EXIM Internet Group, Inc.
info@eximinternet.com
http://eximinternet.com
This release contains forward-looking statements and projections, made in reliance on the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995 The company has made every reasonable effort to ensure that the information and assumptions on which these statements and projections are based are current, reasonable, and complete. Statements contained in this press release that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements have known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any results, performance or achievements expressed or implied by such forward-looking statements. Actual results could differ materially from those set forth in such forward-looking statements. We caution you not place undue reliance on forward-looking statements.
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