“LinuxMall.com Inc. and EBIZ Enterprises Inc. (OTC Bulletin
Board: EBIZ) announced today both parties have executed a letter of
intent (LOI) to merge. The merger of LinuxMall.com and
TheLinuxStore.com, a division of EBIZ Enterprises, will position
the combined entity as the largest vendor-neutral Linux shopping
mall and destination on the Internet. The resulting company will
offer the most comprehensive selection of Linux products and
solutions, information and services. The companies’ combined prior
fiscal year revenues were more than $25 million.”
“Dave Shaw, CEO of LinuxMall.com added, “Before the
agreement, our company was in the process of filing an IPO.
When the opportunity of aligning the two largest Linux companies
was presented by Chase H & Q, the strategic value of the
merger greatly outweighed the IPO route. It also allows us to
reach our market more quickly than if we had remained a stand-alone
company.”
“Jeffrey Rassas, EBIZ CEO and founder, said the merger brings
together the management infrastructure and financial resources to
help lead the movement toward commercial acceptance of Linux. “This
is a move that makes sense for both organizations and the continued
growth of Linux,” explained Rassas. The resulting company will have
112 employees and offices in Aurora, Colo., Phoenix, Ariz.,
Minneapolis, Minn., Kansas City, Kan., and an international
distribution center in Amsterdam.”