Penny Lane

Alternate Marketing (ALTM) +
AdTrackMedia.com
, BAB Holdings (BAGL) + Planet Zanett
Corporate Incubator
, InfoCast (IFCC) +
i360
, MemberWorks (MBRS) + Qspace, N.E.T. (NWK) + Convergence Equipment
















































 MemberWorks (MBRS) acquires Qspace

 

  
* 
Amount:
        
Undisclosed

 

  
* 
Terms:
           
100% stock

 

  
* 
Premium:
        n/a

 

  
* 
Industry:
       
Content/Communities

 

  
* 
Scorecard:
      B-

 



    STAMFORD, May 4–MemberWorks (MBRS)
    , a provider of consumer and membership services through affinity marketing
    and on-line channels, announced that its majority-owned venture,
    iPlace, a personal information content and infomediary on the
    Internet, has successfully acquired Qspace, a leader in on-line
    credit and personal finance.


    Under the terms of the agreement, iPlace will acquire Qspace, a privately held company, in an
    all stock transaction whereby QSpace will receive a minority interest in
    the newly combined entity. MemberWorks will continue to hold a
    majority ownership in the combined company. iPlace was recently formed
    through the merger of ConsumerInfo.com and eNeighborhoods to form
    the leading personal information content and infomediary site on the
    Internet.


     

 
































 N.E.T. (NWK) acquires Convergence Equipment

 

  
* 
Amount:
         $1.5
million

 

  
* 
Terms:
           
100% cash

 

  
* 
Premium:
        n/a

 

  
* 
Industry:
        Performance
Software

 

  
* 
Scorecard:
      B-

 



    FREMONT, May 4–N.E.T. (NWK),
    a supplier of networking solutions for competitive service providers,
    announced that it has acquired the assets of privately held Convergence
    Equipment Company
    from Global Communication Technologies, an
    emerging global service provider, for $1.5 million cash. Convergence
    Equipment Company designs and manufactures next generation IP telephony
    platforms. Included in the deal are the Convergence Equipment Company’s
    engineering team, intellectual property, and a full-featured IP (internet
    protocol) voice switch.


     

 
































 BAB Holdings (BAGL) to merge with Planet Zanett
Corporate Incubator

 

  
* 
Amount:
        
Undisclosed

 

  
* 
Terms:
  

         
n/a

 

  
* 
Premium:
        n/a

 

  
* 
Industry:
        Financial
services

 

  
* 
Scorecard:
      F

 



    CHICAGO, May 4–BAB Holdings (BAGL)
    announced it has entered into a merger agreement with Planet Zanett
    Corporate Incubator
    , one of the leading international Internet
    Incubators, headquartered in New York City’s Silicon Alley. Planet Zanett is a multi-national
    corporation whose sole function is to incubate early stage companies
    focusing on Infrastructure, Wireless Applications, and Internet Solutions
    to industrial corporations worldwide.


     

 

























 






 Alternate Marketing Networks (ALTM) acquires
AdTrackMedia.com

 

  
* 
Amount:
        
Undisclosed

 

  
* 
Terms:
           
cash and stock

 

  
* 
Premium:
        n/a

 

  
* 
Industry:
       
Advertising/Marketing

 

  
* 
Scorecard:
      D+




    GRAND RAPIDS, May 4–Alternate Marketing Networks (ALTM)
    announced it has acquired AdTrackMedia.com, an Internet advertising
    and marketing network, in the next major step to strengthen its online
    capabilities.


    Grand Rapids, Mich.-based Alternate
    Marketing Networks
    said the deal, which was finalized for an
    undisclosed amount of cash and stock, will add online marketing,
    advertising and tracking capabilities to its portfolio of traditional
    offline marketing and sampling products.


     

 
































 InfoCast (IFCC) acquires i360

 

  
* 
Amount:
         $34
million

 

  
* 
Terms:
           
7,584,000 shares

 

  
* 
Premium:
        n/a

 

  
* 
Industry:
        E-commerce
enablers

 

  
* 
Scorecard:
      C

 



    TORONTO, May 4–InfoCast (OTCBB: IFCC),
    an e-enabling application service provider, announced that it has signed a
    definitive Agreement and Plan of Merger with i360 inc., a
    Tucson-based aggregator of virtual communities through customized portals.
    The merger will give InfoCast
    access to i360’s growing customer base
    of network marketing organizations and affinity groups.


    The holders of i360’s issued and outstanding common stock will be entitled
    to receive .30 shares of InfoCast common stock per share of i360 common
    stock (an aggregate of 7,584,000 shares of InfoCast common stock).


     

 

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