ORLANDO, Fla.--June 21, 2002--Sequiam Corporation is pleased to announce its plan to acquire Brekel Group, Inc. through a 1:1 stock exchange with at least 80% of the shareholders of Brekel Group, Inc. ("BGI").
Sequiam Corporation has delivered an offer to each of the BGI shareholders to be closed on July 9, 2002, as may be extended by Sequiam Corporation in order to secure the minimum number of shares.
"We are pleased to announce our plan to acquire Brekel Group, Inc.," said Nick Vanden Brekel, the Chief Executive Officer of Sequiam Corporation. "Adding the state-of-the-art publishing and print on-demand manufacturing capabilities of BGI, to the document management and Internet services of Sequiam Corporation will truly create a single-source information management and manufacturing powerhouse."
The transaction is contingent upon the acquisition of at least 80% of the issued and outstanding shares of BGI and upon approval of the agreement by the shareholders of Sequiam Corporation. Currently, there are 21,772,094 issued and outstanding shares of BGI, all of which may be acquired by Sequiam Corporation. Assuming Sequiam Corporation acquires all of the BGI stock, our total issued and outstanding shares of common stock will be increased to 46,005,094.
Brekel Group, Inc. is a leading provider of digital on-demand manufacturing and publishing services to authors, corporate publishers and print buyers. The Brekel Group, Inc. owns and operates the following businesses:
QuestPrint is a digital on-demand manufacturing division that eliminates the necessity of keeping large volumes of print inventory. It exemplifies the models of POD (Print on Demand) DTP (Deliver then Print) digital warehousing and one-to-one printing. Markets include commercial customers who create significant documentation, and medium and large publishers with active backlists and specialty titles. For more information about QuestPrint visit www.questprint.com.
The FirstPublish brand represents the niche in short-run publications. It offers professional and aspiring authors of books and screenplays a web-based, cost-effective alternative to traditional "vanity press". FirstPublish provides several turnkey publishing services in an affordable package of bundled services. The author can utilize FirstPublish with a manuscript in any format and can use FirstPublish to produce a finished book. For more information about FirstPublish visit www.firstpublish.com.
Griffin Publishing Group is a trade book publishing company specializing in Sports, Education Curriculum and Health and Fitness. Griffin Publishing Group developed the "Learning Champions" product line, which are creative and innovative educational programs for schools. For more information about Griffin Publishing Group visit www.griffinpublishing.com.
Sequiam Corporation is a professional services and software organization that delivers custom-tailored information management, web-portal, internet transactional and hosting services to public and private sector organizations. Sequiam has leveraged its expertise in digital document management and workflow optimization to create a proprietary system to store, organize, retrieve, implement, manufacture and distribute virtually any digital information. Sequiam delivers customized end-to-end solutions to meet the needs of both sophisticated and novice users.
WhatTheyThink is the global printing industry's leading independent media organization with both print and digital offerings, including WhatTheyThink.com, PrintingNews.com and WhatTheyThink magazine versioned with a Printing News and Wide-Format & Signage edition. Our mission is to provide cogent news and analysis about trends, technologies, operations, and events in all the markets that comprise today’s printing and sign industries including commercial, in-plant, mailing, finishing, sign, display, textile, industrial, finishing, labels, packaging, marketing technology, software and workflow.