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Article: High Speed Net Solutions and Summus Close Business Combination Transaction.
- Article from:
- PR Newswire
- Article date:
- February 16, 2001
CopyrightCOPYRIGHT 2001 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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RALEIGH, N.C., Feb. 16 /PRNewswire/ --
High Speed Net Solutions, Inc. (OTC Pink Sheets: HSNS) and Summus Ltd. jointly announced today the completion of their business combination.
The combined company, which will operate under the name High Speed Net Solutions, Inc., will be led by acting Co-CEOs, Dr. Bjorn Jawerth and Rick Seifert. Dr. Jawerth will continue to focus on technology and R&D while Rick Seifert will lead funding initiatives, strategic alliances and other business affairs. High Speed has initiated a search for a permanent CEO for the joint company.
Dr. Bjorn Jawerth, Chief Scientist and Co-CEO of the combined companies, commented, ...