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ZULU-tek Closes Softbank Interactive European Operation

ZULU-tek Inc., which recently acquired a controlling interest in SOFTBANK Interactive Marketing, said it is curtailing SOFTBANK's operations in Europe, effective immediately.

The European head office in London as well as sales offices throughout Europe will be closed, and the six full-time staff members will leave the company immediately, ZULU-tek said in a terse press release.

"The European online market continues to lag behind the robust online market in the U.S. and we decided to focus our management and financial resources on this market," said a company spokesperson.

"We have every intention of re-entering the European market when the market there shows more stability and growth and after we have completed our expansion in the U.S."

Headquartered in Los Angeles, SOFTBANK Interactive Marketing also maintains offices in Atlanta, Boston, Chicago, Dallas, New York, and San Francisco.

ZULU-tek is a vertically integrated Internet company with in-house technical development and support for Internet, CD-ROM, digital advertising, and e-commerce applications. It also operates echoMedia.com