Today’s Deals: GlobalNetFinancial, Telescan End Talks

  
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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:        Financial
services

  
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Scorecard:      n/a

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  SANTA MONICA, Sept. 26–GlobalNetFinancial.comand Telescanannounced they have
  terminated their proposed merger transaction. A joint statement said, “Both
  GlobalNetFinancial and Telescan possess core strengths that
  will enable each company to separately pursue its respective growth
  strategies, which we have mutually agreed is in the best interests of our
  respective companies and shareholders.”
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Amount:         $42.4
million

  
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Terms:           
2.2 million shares/$9 million cash

  
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Premium:        n/a

  
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Industry:       
Consultants/Designers

  
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Scorecard:      B

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  NEW YORK, Sept. 26–Predictive Systems, a
  network infrastructure consulting firm, announced it has entered into a
  definitive agreement to acquire Synet Service Corporation, a
  Minneapolis-based consulting firm that helps companies optimize the
  availability and reliability of their e-business applications and network
  infrastructure. The Synet acquisition is
  expected to enable Predictive
  Systems to continue on its course to becoming a dominant player in the
  network infrastructure space by providing solutions that deliver
  business-based results to customers. The deal is valued at approximately
  $42.4 million with Predictive issuing 2,205,331 shares of its common stock
  and $9 million in cash.
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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:        Internet
services

  
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Scorecard:      C

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  DENVER, Sept. 26–RMI.NET, a national Web
  solutions/e-commerce and connectivity company, announced that it has
  acquired LanMinds, a business-focused Internet connectivity and Web
  solutions provider based in Berkeley, California. Merging LanMinds into RMI.NET is expected to create value for
  RMI.NET’s shareholders in three key ways: first, the LanMinds management
  team will help maximize the performance of RMI.NET’s existing assets;
  second, RMI.NET will gain entry into the Japanese market; and third,
  LanMinds will accelerate the company toward its goal of EBITDA neutrality
  in December 2000. Terms of the transaction were not disclosed.
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Amount:         $11
million

  
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Terms:           
100% stock

  
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Premium:        n/a

  
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Industry:        Performance
software

  
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Scorecard:      C+

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  SANTA MONICA, Sept. 26–Sonicport.com
  announced that it has signed a definitive agreement to acquire US
  Dataworks, a privately held Houston, Texas-based developer of
  transaction processing software serving financial institutions and large
  remittance processors. Sonicport.com, an application service
  provider specializing in integrating transaction-processing software with
  broadband hosting, technical support and customer service, will acquire US Dataworks in a stock transaction
  valued at approximately $11 million.
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* 
Amount:        
Undisclosed

  
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Terms:           
n/a

  
* 
Premium:        n/a

  
* 
Industry:        Internet
services

  
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Scorecard:      C

• 
  
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  COMMACK, N.Y., Sept. 26–AudioMonster Onlineannounced that it has signed an agreement to merge with
  Lockwave, a Delaware corporation with head offices in New York. Lockwave has developed technologies and
  a unique business model that incorporates virtual storage and a dynamic MP3
  player into a robust, end-to-end interactive Web-based traveling
  application that requires no downloads or plug-ins. Terms of the
  acquisition were not disclosed.
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Amount:         $5
million

  
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Terms:           
2.25 million shares

  
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Premium:        n/a

  
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Industry:        Internet
services

  
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Scorecard:      B

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  VANCOUVER, B.C., Sept. 26–NetNation Communications, a global Web site hosting company, domain name registrar
  (DNR) and application service provider (ASP), announced that it has entered
  into a non-binding letter of intent to acquire privately held American
  Digital Network, an e-commerce and Web site hosting company, for 2.25
  million common shares of NetNation.
  The American Digital Network acquisition
  is expected to give NetNation an established network operations center,
  saving both time and expense of building its own data center in
  California.
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