Today’s Deals: NetZero Absorbs FreeI Networks

 Internet Security Systems (ISSX) acquires
SARIS

  
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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:        ISPs/Access
providers

  
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Scorecard:      B

ATLANTA, Oct. 6–Internet Security Systems , a provider of security management solutions for the Internet,
announced the formation of its Brazilian subsidiary from the acquisition of
its exclusive distributor, SARIS, Seguranca Ativa de Redes Internet
e Sistemas Ltda. Together, the two companies, Internet Security Systems and SARIS, will be
responsible for delivering Internet security solutions in Brazil,
Argentina, Chile, Uruguay and Paraguay and will be a key part of the
company’ s global strategy to offer complete security solutions through
consulting, products and managed security. Terms of the acquisition were
not disclosed.




 

 NetZero (NZRO) to acquire FreeI Networks
assets

  
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Amount:        
Undisclosed

  
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Terms:           
n/a

  
* 
Premium:        n/a

  
* 
Industry:        ISPs/Access
providers

  
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Scorecard:      B+

WESTLAKE VILLAGE, Calif., Oct. 6–NetZero , a provider of advertising- and commerce-supported Internet
access, announced that it has signed a non-binding letter of intent to
acquire certain assets of FreeI Networks, a national provider of
free Internet access. On Friday, October 6, FreeI Networks filed for protection
under Chapter 11 of the United States Bankruptcy Code. One goal of the
transaction is to ensure Freeinternet.com users experience no interruptions
in service. It is expected that users will be referred to NetZero’s
service, and will be able to keep their current e-mail address. The terms of
the proposed transaction were not disclosed.




 

 i-Titan Communications Networks to merge with
Kwik Web (KWEB)

  
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Amount:        
Undisclosed

  
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Terms:           
100% stock

  
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Premium:&

nbsp;       n/a

  
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Industry:       
Designers/Consultants

  
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Scorecard:      C

BOCA RATON, Oct. 2–i-Titan Communications Networks, a
privately-owned international wireless infrastructure company, and Kwik
Web , a Web site tool developer and owner of Internet
Property Development Corp., have signed a non-binding letter of intent to
merge. The terms of the agreement call for a one to one stock swap of i-Titan and Kwik Web shares.




 

 Bidnow.com acquires GlobalCart.com

  
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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:        E-commerce
enablers

  
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Scorecard:      C

NEW KENSINGTON, Pa., Oct. 6–Bidnow.com has acquired
GlobalCart.com, an Internet based virtual store solution for an
undisclosed amount of company stock, to provide small and medium sized
businesses easy access to various technological services. With the
acquisition of GlobalCart.com, Bidnow.com will now be able to deliver an
affordable e-commerce solution to its broad range of auction clients.
Details of the transaction were not disclosed.




 

 Executive Help Services (EHSV) to merge with
ClickIncomes.com

  
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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:        Financial
services

  
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Scorecard:      C

SAN DIEGO, Oct. 6–Executive Help Services
announced it signed an Agreement and Plan of Merger with
ClickIncomes.com. ClickIncomes.com will be merged into
Executive Help Acquisitions, Inc., a wholly owned subsidiary of Executive
Help Services, with Executive Help Acquisitions, as the survivor of the
merger. As a result of the merger, all of the issued and outstanding shares
of common stock of ClickIncomes.com will be converted into shares of common
stock of Executive Help Services on a one for one basis. Upon the
consummation of the merger, Executive Help Services, Inc. intends to seek a
name and symbol change.