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Exhibit 99.2
MCSi'S PURCHASE OF INTELLISYS ASSETS APPROVED
DAYTON, Ohio--(BUSINESS WIRE)--Nov. 15, 2000--MCSi, Inc. (Nasdaq:MCSI - NEWS)
announced today that the U.S. Bankruptcy Court for the Central District of
California, San Fernando Valley Division, approved the previously announced
purchase of a significant portion of the assets of Intellisys Group, Inc. The
closing is subject to several conditions that must be satisfied. MCSi
anticipates that the transaction will close no later than the end of November
2000.
"We are pleased that the Court has approved the sale to MCSi,"' said Michael E.
Peppel, Chairman, President and Chief Executive Officer of MCSi, Inc. "With the
Bankruptcy process behind us, MCSi will now be able to focus on providing the
high quality of service and support our customers have come to expect. Our goal
will be to rapidly respond to the needs of our new Intellisys customers as we
integrate the Intellisys business into MCSi. As the leading audio/video/data
systems integration company in North America, MCSi now has the largest talent
pool of sales and technical resources in the business," Mr. Peppel concluded.
Headquartered in Westlake Village, California, Intellisys Group had 14 offices
throughout California, Washington, Oregon, Colorado, Texas, Georgia and
Massachusetts. Intellisys Group designs, sells, installs, services and supports
integrated audio-visual presentation, conferencing, and networked media systems.
It also sells a wide variety of portable presentation equipment. Intellisys and
each of its subsidiaries (including B. Higginbotham Enterprises, Inc. and
Proline Video, Inc.) filed voluntary petitions under Chapter 11 of the U.S.
Bankruptcy Code in the U.S. Bankruptcy Court on October 11, 2000.
About MCSi
MCSi has emerged as the nation's leading systems integrator of state-of-the-art
presentation and broadcast facilities. MCSi's foresight and ability to converge
three key industries: audiovisual systems, broadcast media and computer
technology, combined with design-build and engineering expertise, computer
networking and configuration services, an extensive product line, and quality
technical support services, has given MCSi a distinct advantage in the systems
integration marketplace and contributed to the dramatic growth of the company.
MCSi's scalable solutions address clients at every level of the business
transaction continuum. Products and services are available directly through the
Company and its sales specialists, many of whom provide enterprise-wide
solutions and/or work exclusively with clients on strategic initiatives.
Customers benefit from MCSi's years of experience, extensive product knowledge,
and strong relationships maintained with manufacturers and technology leaders.
With the largest selection of audiovisual presentation, computer, and office
automation products and the legacy of technical support and field service in 126
locations across the United States and Canada, MCSi's customers are provided
with a unique value that extends beyond the product. MCSi's products are also
provided over a robust business-to-business e-commerce platform powered by its
subsidiary, Zengine, Inc. Additional information regarding MCSi can be obtained
at WWW.MCSiNET.COM (but is not part of this release).
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The matters discussed in this press release which are not historical facts
contain forward-looking information with respect to plans, projections or future
performance of MCSi, the occurrence of which involve risks and uncertainties
which include, but are not limited to, general economic conditions, industry
trends, functionality of hardware and software, actions of competitors, MCSi's
ability to manage its growth, factors relating to its acquisition/merger
strategy, actions of regulatory authorities, restrictions imposed by its debt
arrangements, dependence upon key personnel, dependence upon key suppliers,
customer demand, risks relating to international operations, dependence on its
computer systems and other factors. A complete description of those factors, as
well as other factors which could affect MCSi's business, is set forth in MCSi's
Form 10-K for the year ended December 31, 1999, and its Form 10-Q for the
quarter ended September 30, 2000.
