“EBiz Enterprises was looking for a way to grow from a
bulletin board stock to a Nasdaq stock. LinuxMall.com was stuck in
pre-IPO mode, its plans for a public offering scuttled by the sour
market.“
“The solution–a merger that unites two of the leading players
in the Linux industry. Scottsdale, Ariz.-based eBiz (otcbb: EBIZ)
will announce on Wednesday that it is acquiring LinuxMall of
Aurora, Colo., in a stock deal valued at around $20 million.”
“Our challenges complemented each other,” says Jeffrey Rassas,
founder and chief executive of eBiz. “LinuxMall needed an exit
strategy for some of their investors, and we needed an event to
take our business and put it on the radar screen.”