Filed by TekInsight.com,Inc.
pursuant to Rule 425 under the Securities
Act of 1933, as amended.
Subject Company: Data Systems Network
Corporation
Commission File No.: 33-336044
FOR IMMEDIATE RELEASE
FOR MORE INFORMATION, CONTACT:
Melissa Beck
Edelman Public Relations Worldwide
312-240-3376
[email protected]
Julie Hall
Edelman Public Relations Worldwide
312-297-7525
[email protected]
TEKINSIGHT.COM LAUNCHES TEKINSIGHT E-GOVERNMENT SERVICES
New e-government unit uses extensive experience to build Internet-enabled
infrastructure and applications for state and local government
NEW YORK - MAY 18, 2000 - TekInsight.com (NASDAQ: TEKS-TEKSW), an Internet
development company that offers software and services based on its Streaming
XML(TM) technology and Data Systems Network Corporation (OTCBB: DSYS), a
provider of enterprise services with a focus on state and local governments,
announced today the formation of TekInsight e-Government Services
(http://egov.tekinsight.com), a joint marketing effort design to serve large and
medium-sized municipalities, states and government agencies. In January 2000,
TekInsight announced the intent to acquire Data Systems.
The formation of TekInsight e-Government Services follows TekInsight's
announcement that the company has completed the acquisition of bigtechnologies,
Inc., an Internet solutions firm specializing in the development of e-government
sites with advanced transactional applications, such as the one built for the
City of Boston.
"The Internet has changed the way the world conducts business, and it was only a
matter of time before governments looking to increase efficiency and deliver
better service followed suit. States, municipalities and government agencies
that have taken advantage of the Internet by offering online services to their
constituents are already receiving political and economic benefits," said Kyle
Tager, General Manager of TekInsight e-Government Services.
Tager continued, "We understand that government works because of the hard work
of committed employees. TekInsight e-Government Services is designed to make
their jobs easier, so they can make the lives of their constituents easier.
Ultimately, the people are what it's all about. And many of them have grown
cynical, expecting the worst in their dealings with government, and often
getting just that. If governments take steps to
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increase their efficiency and reduce their operating costs while providing
better, faster service, we're confident many of these people will change their
views."
Public Technology, Inc. (PTI) estimates that the majority of local governments
will be looking to take transactions online in the next year and virtually all
large and medium-sized governments will be looking to conduct online
transactions by 2002.
"Similar to private sector companies, governmental organizations are realizing
that to offer their services online, they must develop new ways to serve people
online," said Alexander Kalpaxis, Chairman and CTO of TekInsight.com.
"TekInsight's unique Streaming XML(TM) technology will let government workers
provide those services in real-time while allowing more cost-effective
development and deployment of their e-Government Services."
The TekInsight e-Government Services team first creates the municipality's Web
site, if the site is not already developed. After Web site development,
TekInsight will create and install an e-Government Operating System (OS), which
contains all of the important security features, including encryption, digital
signatures, imaging, credit card payment validation, and integration necessary
to protect constituents' transactions. The e-Government OS also allows employees
to access a server to locate a variety of "back-end" forms, enabling easy
updates to items such as community calendars, job postings, press releases and
directories.
Once the e-Government OS is installed, the e-Government Services team utilizes a
unique suite of software modules, each providing a different online service
tailored to the unique needs of the specific government's constituents. The
modules are "hooked" into existing Web sites and databases, allowing for a
seamless, real-time transfer of information. Additional modules will be added in
the future. Current modules include:
o Tax/Violation Payments - Addresses all types of taxes and violations,
allowing constituents to browse through pertinent information, look up what
he or she owes, and make payments, all from the comfort of their home. And
by utilizing back-end user tools, government employees can search for
payments made, reconcile, post information, and create user-designed
reports.
o Permitting - This module is especially useful if a person is renovating a
house or starting a business. Individuals and businesses can file permits
online, 24 hours a day. Fees, if any, can be paid with a credit card, and
back-end forms enable government employees to view and approve applications
online.
o Licensing - Provides forms in which the government can display information
about how to obtain a license, the proper documentation required, and any
renewal guidelines. The licensing module allows users to apply online for
documents such as incorporation papers, driver's license renewals and
marriage certificates.
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o Deeds - Allows individuals to access all information pertaining to a deed
and to view the actual deed images online prior to requesting certified
copies. The deed module allows the government to accept payments for those
copies.
o Procurement - A major activity that all governments have in common is the
need to procure items. Requests for Proposal (RFPs) are placed online to
ensure maximum distribution. Each can be downloaded, printed and sent back
through the mail or online. Customized reports can sort the responses for
easy review and award. This module is currently under development.
o My Government - With the "My Government" module, all of a constituent's
information, from every department, can be found in one centralized
location. For example, a user can verify that a payment was credited,
search for the name of the local police captain, find out when certain
voting polls close and discover whether his or her home remodeling permit
application was approved.
The e-Government Services team can also install freestanding e-kiosks in
conveniently accessible areas. This will benefit those constituents that do not
have access to a computer, bridging the digital divide allowing for better
service to all of a government's constituents.
TekInsight e-Government Services' people have 15 years of experience installing
and upgrading total systems for government, in a quick and efficient fashion.
Successful implementations include e-Government initiatives with the City of
Boston (www.cityofboston.com), the Suffolk County Registry of Deeds
(www.suffolkdeeds.com), the State of Florida and the State of Louisiana.
AWARD-WINNING E-GOVERNMENT EXPERIENCE
The City of Boston e-government program has received awards from Government
Technology Magazine for the "Best of the Web" in local government, Yahoo!
Internet Life for a perfect "10" in content development and first place for
innovation on the web from Public Technology, Inc. (PTI).
TekInsight e-Government Services engagements include application development,
integration and support. TekInsight e-Government systems include full management
and trending features that allow for continuous status and performance
monitoring, ensuring that systems are highly available and running at peak
performance. Technical support help desks are available, 24 hours per day, seven
days a week.
ABOUT TEKINSIGHT.COM
TekInsight.com is a world-class Internet development company that offers
software and services based on its Streaming XML(TM) technology, which harnesses
the vast amount of information by streaming it into XML and compressing the
format for real-time storage and presentation. TekInsight's customers include
the city of Boston, state of Louisiana,
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state of New York, state of Florida, Microsoft, IBM and other Fortune 500
companies. The company's proprietary technology includes various web-based
diagnostic software agents and web-based e-commerce performance and analysis
tools. In April 2000, TekInsight.com, Inc. announced the availability of its
first of several software agents, BugSolver(TM) Developer. BugSolver Developer
helps software development personnel provide virtually instant, accurate answers
to desktop/mobile computer users when a hardware or software failure occurs.
ABOUT DATA SYSTEMS NETWORK CORPORATION
Data Systems Network Corporation has more than 14 years of experience providing
strategic technology solutions to Fortune 1000 companies and state and local
government agencies. The company provides a wide range of services, including
Applications Development, Network Services, Enterprise Management, Help Desk and
E-Commerce Services. Data Systems utilizes TekInsight.com's Streaming XML(TM)
technology to rapidly develop applications and solutions for clients. For more
information, please visit WWW.DATASYSTEMS.COM.
# # #
FORWARD LOOKING STATEMENTS
This press release contains certain forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended, which are intended to be
covered by the safe harbors created thereby. Investors are cautioned that
certain statements in this release are "forward looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995 and involve
known and unknown risks, uncertainties and other factors. Such uncertainties and
risks include, among others, certain risks associated with the operation of the
company described above, government regulation, and general economic and
business conditions. Actual events, circumstances, effects and results may be
materially different from the results, performance or achievements expressed or
implied by the forward-looking statements. Consequently, the forward looking
statements contained herein should not be regarded as representations by
TekInsight.com, or any other person that the projected outcomes can or will be
achieved.
ADDITIONAL INFORMATION AND WHERE TO FIND IT
TekInsight.com filed a Registration Statement on SEC Form S-4 in connection with
the merger on May 1, 2000 (SEC file # 33-336044), and TekInsight.com and Data
Systems expect to mail a Joint Proxy Statement/Prospectus to shareholders of
TekInsight.com and Data Systems containing information about the merger.
Investors and shareholders are urged to read the Registration Statement and the
Joint Proxy Statement/Prospectus. The Registration Statement and the Joint Proxy
Statement/Prospectus contain important information about TekInsight.com, Data
Systems, the merger, the persons soliciting proxies relating to the merger,
their interests in the merger, and other related matters. TekInsight and its
officers and directors may be deemed participants in the solicitation of proxies
from its stockholders with respect to the transactions contemplated by the
merger agreement and may have an interest either directly or indirectly by
virtue of their security holdings or otherwise. Information regarding such
officers and directors is included in the Registration Statement and the Joint
Proxy Statement/ Prospectus. Data Systems and its officers and directors may be
deemed to be participants in the solicitation of proxies from stockholders of
Data Systems with respect to the transactions contemplated by the merger
agreement and may have an interest either directly or indirectly by virtue of
their security holdings or otherwise. Information regarding such officers and
directors is included in the Registration Statement and the Joint Proxy
Statement/Prospectus. Investors and shareholders will be able to obtain free
copies of these documents through the website maintained by the U.S. Securities
and Exchange Commission at http://www.sec.gov. Free copies of the Joint Proxy
Statement/Prospectus and these other documents may
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also be obtained from TekInsight.com by directing a request to TekInsight.com,
Inc., 5 Hanover Square, 24th Floor, New York, New York 10004, attention: Arion
Kalpaxis, telephone: (212) 278-8520.
In addition to the Registration Statement and the Joint Proxy
Statement/Prospectus, TekInsight.com and Data Systems file annual, quarterly and
special reports, proxy statements and other information with the Securities and
Exchange Commission. You may read and copy any reports, statements or other
information filed by TekInsight.com or Data Systems at the SEC's public
reference room at 450 Fifth Street, N.W., Washington D.C. 20549 or at any of the
Commission's other public reference rooms in New York, New York and Chicago,
Illinois. Please call the Commission at 1-800-SEC-0330 for further information
on the public reference rooms. TekInsight.com's and Data Systems' filings with
the SEC are also available to the public from commercial document-retrieval
services and at the Web site maintained by the SEC at http://www.sec.gov
