Today’s Deals: Frontline Acquires PlanetMedia

  
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Amount:        
Undisclosed

  
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Terms:           
100% stock

  
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Premium:        n/a

  
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Industry:        Internet
services

  
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Scorecard:      C+

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  SANTA CLARA, Sept. 29–Convergent Companies, a provider of online video to the mass Internet market,
  announced that it acquired KTWave, a developer of technology that
  produces next generation compression, video streaming, and 3D multimedia
  and digital media integration applications. The company anticipates that
  this acquisition will accelerate the delivery by Convergent of quality real
  time video to the Internet. The transaction is in the form of a stock
  purchase by Convergent of all of the outstanding shares of KTWave. Other
  terms of the transaction were not disclosed.
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Amount:        
Undisclosed

  
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Terms:           
n/a

  
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Premium:        n/a

  
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Industry:       
Content/Communities

  
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Scorecard:      C

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  HOUSTON, Sept. 29–Internet Law Library
  announces the acquisition, by stock, of Houston-based Venco Compliance,
  which sells OSHA compliance and training programs related to chemicals and
  other hazardous materials such as those used by dry cleaners, medical
  facilities, and paint shops. In addition to its profitable direct sales,
  the company is developing an e-commerce Web site for purchases of its
  products and dissemination of safety-related legislation. Internet Law Library expects the
  acquisition to increase bottom line revenues. Terms of the transaction were
  not disclosed.
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Amount:         $1.6
million

  
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Terms:           
cash and stock

  
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Premium:        n/a

  
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Industry:      &nbsp E-commerce
enablers

  
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Scorecard:      C+

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  PEARL RIVER, N.Y., Sept. 29–Frontline Communications, announced that it acquired PlanetMedia, a rapidly growing
  Web development and e-commerce solutions firm. PlanetMedia of Babylon, New York
  specializes in sophisticated, interactive e-commerce sites and is being
  acquired by Frontline for a purchase price of up to $1.6 million,
  comprised of $400,000 cash at closing and $100,000 shares of Frontline common stock, and $300,000 in
  convertible debt. The remainder of the purchase price is a combination of
  cash and convertible debt contingent on PlanetMedia achieving certain
  earnings thresholds set on a two-year schedule.
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Amount:        
Undisclosed

  
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Terms:           
n/a

  
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Premium:        n/a

  
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Industry:        Performance
software

  
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Scorecard:      C

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  SALT LAKE CITY, Sept. 29–Developer of business software technology
  for the Internet based on its proprietary source code, Pacific
  WebWorks, announced that they have executed a letter
  of intent to acquire Logio, headquartered in Salt
  Lake City, Utah, and a business information service company providing
  valuable resources for business professionals competing in today’s
  marketplace. The letter of intent provides for a 30 day formal due
  diligence period after which the companies intend to enter into an
  agreement whereby Pacific
  WebWorks will acquire all of the outstanding shares of Logio through a stock-for-stock exchange,
  in which Logio will deliver approximately 17,500,000 common shares in
  exchange for 2,700,000 common shares of Pacific WebWorks.
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