Avana Communications to Acquire ComputerPlus

| Velocity Holdings News
Avana Communications to Acquire ComputerPlus

Expansion of Product Offerings and Increased Geographic Reach

ATLANTA, July 19 /PRNewswire/ -- Grace Development, Inc. (OTCBB: GCDV)
doing business as Avana Communications, Inc., announced today that it has
entered into an agreement to acquire, through an equity exchange, ComputerPlus
Sales & Service, Inc. ("ComputerPlus"), a privately held company located in
Greer, South Carolina. The closing is anticipated by the end of this month.
ComputerPlus provides 24/7 service and support for critical computer
system, network integration services, and key communication links, including
preventive maintenance, system configuration, installation, administration,
site preparation assistance, upgrades, feature work and proactive analysis of
local and wide area network infrastructures.
Jim Blanchard, President of Avana, stated, "The acquisition of
ComputerPlus brings many benefits to Avana, most important of which is their
complimentary array of infrastructure and support services that will integrate
and expand our existing service offerings. Additionally, their field offices
strengthen our presence in Georgia and provide us with new locations in the
Carolinas, Virginia, Kentucky and Tennessee. In business for over 10 years,
Cisco certified and an IBM MVS (Multi-Vendor Solution Provider), ComputerPlus
is a profitable entity posting over $1.8 million in revenues for the first half
of calendar year 2000. Additionally, ComputerPlus has recently begun to
deploy it efforts in the implementation and support of Virtual Private
Networking (VPN) Applications Services Hosting (ASP) and thin client
"The lateral infusion of the Avana product and services offerings into the
ComputerPlus distribution network will begin immediately. We are looking
forward to providing reciprocal value added services and technology to our
resulting existing and new customers bases during third quarter. Of course the
most notable long-term contribution to our continued success, is the value the
management and technology team of ComputerPlus adds to our foundation. This
team is comprised of superior people, with superior skills and a tremendous
desire to succeed, they will be a welcome addition to our Company, and our
Glenn Lindman, President, ComputerPlus Sales & Service, Inc., commented,
"We are delighted to become part of the Avana team. Each of us at ComputerPlus
feel that the synergies that exist between the two companies products and
service offerings will drive revenue ramp-up and market dominance. We look
forward to cross selling Avana's product offerings and to offer to their
current clients our network of sales, implementation and service outlets."
ComputerPlus Sales & Service, Inc.
ComputerPlus Sales & Service, Inc., headquartered in Greer,
South Carolina, offers full 24/7 on-call service for a vast array of network
services, products and consulting services to support those systems. The
Company has field offices in thirteen locations throughout the Carolinas,
Georgia, Virginia, Kentucky and Tennessee, providing a 4-hour response time for
critical system services.

Avana Communications
Avana Communications, Inc., headquartered in Georgia, is a
next-generation, full-service integrated communications provider (ICP), serving
businesses and consumers throughout the eastern United States. Through the
convergence of voice, data and the integration of products, services and
intelligent bandwidth distribution, Avana assumes the responsibility of all of
the customer's complex two-way communications services while delivering single
source billing, one contact problem resolution and one company reliability.

Information contained in this press release contains "forward-looking
statements" which can be identified by the use of forward-looking terminology
such as "drive revenue ramp-up" and "will drive revenue ramp-up and market
dominance." Various risk factors could cause actual results to vary materially
from the future results covered in such forward-looking statements, including
competition, the management of our growth and the ability to deliver new
products to market on time. Such forward-looking statements are subject to
other risks and uncertainties, which are detailed in the Company's filings
with the Securities and Exchange Commission.

SOURCE Avana Communications, Inc.
| Velocity Holdings News

See 11350 other posts submitted by John Warner. Find articles, people, and videos related to: General Archives