MACRESQ INDUSTRIES, INC AND MACWORKS, LLC ANNOUNCE MERGER AGREEMENT
Concord, CA and Overland Park, KS -- August 23, 2000 -- MacResQ Industries,
Inc. and MacWorks, LLC announced today that they have agreed to merge their
companies. The combination will create a diversified technology company
that will continue to offer its core products and services to customers
worldwide, while at the same time beginning an aggressive expansion plan to
offer new products and services to both existing and new customers.
The combined company, which will operate under the name eResQ, will have
facilities in both Concord, California and Overland Park, Kansas. eResQ
will consolidate its sales and marketing efforts at its California location
and move all inventory and product distribution to its facilities in
Overland Park, Kansas.
Upon completion of the merger, which is expected by October 2000, Jim
Harris, MacWorks' Chief Executive Officer will be Chairman and Chief
Financial Officer of eResQ. Chris Baumann, MacResQ Industries' President,
will be Chief Technology Officer. Shannon Jean, MacResQ Industries' Chief
Executive Officer, will be President.
"This merger with MacResQ is right in line with MacWorks' long-term
expansion plans," said Jim Harris, CEO of MacWorks, LLC. "Both companies
have expertise in different, yet complementary areas. As a combined entity,
we will focus on offering increased levels of service and reaching more
customers both locally and globally."
"MacResQ has seen explosive growth and success since Chris Buamann and I
founded the company in 1994", said Shannon Jean, CEO of MacResQ. "With this
merger, we will bring together a very strong and experienced management
team that will elevate our company to a new level. Our clients consistently
tell us that they would like to buy more products and services from our
company. As the result of the merger, eResQ will begin offering a host of
new products and services over the next year to meet our clients' needs."
One of the first true Internet resellers, MacResQ was founded in January
1994 with the premise that there was a better way to purchase, maintain,
upgrade and repair your computer system. MacResQ customers realize extreme
value by purchasing products that have been refurbished, are recently
discontinued by the manufacturer or are available in large volumes to
MacResQ and therefore discounted to end users and resellers alike. We have
assembled a staff that is as passionate about technology as they are about
providing exceptional service and values to our customers. MacResQ.com is
the place where price barriers are destroyed and support and service for
your older systems are available from people who can help to de-mystify
what goes on behind the computer screen. MacResQ was recently featured on
ABCNews.com as one of the nation's leading resellers of refurbished
Founded in 1994 by die-hard Mac enthusiasts, MacWorks delivers
warehouse-direct pricing to computer users throughout the world. MacWorks
specializes in discontinued and refurbished Macintosh equipment and
upgrades for older Mac systems. Our sales and technical staff has an
average 12 years of Macintosh experience, and Macworld magazine named our
web site as the "Best Used Mac Shopping Site" (4/99). MacWorks CEO Jim
Harris has a long and successful history in the Macintosh market. In 1988
he co-founded Lapis Technologies, Inc., a developer and manufacturer of
innovative Macintosh video enhancement products. Lapis was successfully
merged with Focus Enhancements in 1993.
MacResQ, Industries, Inc.