“The April stock market crash foiled plans by LinuxMall.com Inc.
to sell its shares to the public, but the Internet company still
found a way to tap into the stock market.”
“The Aurora-based company on Tuesday struck a reverse
acquisition agreement with publicly held Ebiz Enterprises Inc., a
Scottsdale, Ariz., computer hardware firm that operates three
Linux-related Web sites, including TheLinuxStore.com. As part of
the deal, Ebiz Enterprises will buy the 60-person LinuxMall.com for
about $25 million in stock and cash. The new publicly held company
will be called LinuxMall.com, blend both management teams and will
likely be headquartered in Aurora.”
“We think this makes us undeniably the No. 1 player in our
space,” said LinuxMall.com’s chief executive Dave Shaw, who will
become the chief executive of the new company. Started seven
years ago by computer programmer Mark Bolzern, LinuxMall.com is now
the largest online shopping center with software and products for
the Linux computer operating system.”