EXHIBIT 99
FOR IMMEDIATE RELEASE
FOR MORE INFORMATION, PLEASE CONTACT:
Brian Fredrickson
CyberStar Computer Corporation
phone: 952-943-1598
e-mail: [email protected]
CYBERSTAR COMPUTER CORPORATION ACQUIRES INTERNATIONAL TRADE CENTER, INC.
Minneapolis, MN, June 21, 2000 -- CyberStar Computer Corporation (OTC
Bulletin Board: CYSR), a PC manufacturer specializing in e-commerce PC delivery,
announced today that it has completed the acquisition of International Trade
Center, Inc., an Arizona corporation ("ITC").
Incorporated in June of 1999 and based in Tempe, AZ, ITC is an
international distributor of computer hardware, software and peripherals. With
strategic supply partnerships spanning over five continents, ITC specializes in
global distribution of tier-one computer related products to and from the
country's largest computer resellers. ITC reported $593,133 in taxable income on
$22,498,355 million in gross receipts or sales less returns and allowances on
their 1999 U.S. Corporation Income Tax Return filed for the year ended December
31, 1999. ITC's primary offices will remain in Tempe, AZ and they will be a
master distributor of the eNetpc(TM) software developed by CyberStar for B2B
business on the internet.
eNetpc(TM) v1.5 software is a customizable on-line B2B configurator
package that enables CyberStar customers to offer custom-built CyberStar PCs,
notebooks, and fileservers to their customers on the internet. Upon final
design, the software will provide customers an easy to use method of
configuring, ordering, and tracking the customized CyberStar systems.
Traded on the OTC:BB (CYSR), CyberStar(R) Computer Corporation
specializes in e-commerce software for B2B online PC configuration, delivery,
and fulfillment on the internet. More company information can be found at
www.cyberstarpc.com or www.enetpc.com.
Any statements contained herein related to future events are
forward-looking statements and are made pursuant to the safe harbor provisions
of the Private Securities Litigation Reform
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Act of 1995. These statements are based upon CyberStar's current expectations
and judgments about future developments in CyberStar's business and may be
affected by several factors, including, without limitation, delays in or
increased costs of production, delays in or lower than anticipated sales of
CyberStar's products, general conditions in the computer industry and reduced
sales and/or profits from International Trade Center, Inc. Readers are cautioned
not to place undue reliance on forward-looking statements. CyberStar undertakes
no obligation to update any such statements to reflect actual events.
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