“EBIZ Enterprises Inc. (OTCBB:EBIZ – news), a leading
vendor-neutral source for Linux sollutions, technical support and
community services for the B2B market, today announced that Caldera
Systems Inc. (Nasdaq:CALD), will purchase $3 million of EBIZ common
stock in a private transaction. The proceeds of this transaction
will be used to create and fund PartnerAxis Inc., an EBIZ wholly
owned subsidiary.”
“Under the terms of the agreement, Utah-based Caldera
Systems, a leading provider of Linux eBusiness Internet
Solutions, has agreed with EBIZ to develop PartnerAxis, a
Web-based B2B entity providing knowledge exchange, Linux product
sales, advertising, membership and channel development. The
new company, an existing division of Caldera called ELM (Electronic
Linux Marketplace), will transfer all related assets and existing
personnel to PartnerAxis.”
“Effective today, the subsidiary is operational and will begin
offering services immediately and Web properties by the end of
2000. Former Caldera Vice President Dean Taylor, will lead and
manage PartnerAxis as its executive vice president. Jeffrey Rassas,
EBIZ CEO and founder, will serve as president of the new
subsidiary.”