Today’s Deals: NetZero Absorbs FreeI Networks

Bidnow.com +
GlobalCart.com
, Executive Help Services +
ClickIncomes.com
, Internet Security Systems + SARIS, i-Titan Communications Networks + Kwik Web, NetZero + FreeI Networks















































 Internet Security Systems (ISSX) acquires
SARIS

 

  
* 
Amount:
        
Undisclosed

 

  
* 
Terms:
           
n/a

 

  
* 
Premium:
        n/a

 

  
* 
Industry:
        ISPs/Access
providers

 

  
* 
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

 

  
* 
Amount:
        
Undisclosed

 

  
* 
Terms:
           
n/a

 

  
* 
Premium:
        n/a

 

  
* 
Industry:
        ISPs/Access
providers

 

  
* 
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)

 

  
* 
Amount:
        
Undisclosed

 

  
* 
Terms:
           
100% stock

 

  
* 
Premium:
&

nbsp;       n/a

 

  
* 
Industry:
       
Designers/Consultants

 

  
* 
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

 

  
* 
Amount:
        
Undisclosed

 

  
* 
Terms:
           
100% stock

 

  
* 
Premium:
        n/a

 

  
* 
Industry:
        E-commerce
enablers

 

  
* 
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

 

  
* 
Amount:
        
Undisclosed

 

  
* 
Terms:
           
100% stock

 

  
* 
Premium:
        n/a

 

  
* 
Industry:
        Financial
services

 

  
* 
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.


     

 

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