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Article: 4networld.com Inc. Merges With Subsidiary; Internet Enabling B-2-B Company Changes Name to 4netSoftware Inc.
- Article from:
- Business Wire
- Article date:
- March 7, 2001
CopyrightCOPYRIGHT 2001 Business Wire. 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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Business Editors
RIDGEFIELD, Conn.--(BUSINESS WIRE)--March 7, 2001
4networld.com, Inc. (OTC BB: FNTW) announced today that it has effected an upstream merger of its wholly-owned subsidiary, 4net Software, Inc., into the parent company, 4networld.com, Inc. In connection with the upstream merger the Company changed its name to 4net Software, Inc. to better reflect its current operating business and to aid in its corporate acquisition strategy. The Company also believes that the upstream merger will provide accounting efficiencies and a reduction in administrative expenses.
"This move, among other things, supports our strategy to implement an ...