“EcomPark Inc. (“EcomPark”) announced that it has entered into a
letter of intent pursuant to which it has agreed to make an
investment into Mount Linux Inc. (“Mount Linux”), a provider of
Linux-based applications for network administration.”
“EcomPark has agreed to subscribe for 12% of the outstanding
common shares of Mount Linux from treasury for $300,000 in cash.
EcomPark has also agreed to purchase from certain shareholders of
Mount Linux an additional 18%, for a total of 30%, of the issued
and outstanding common shares of Mount Linux for $455,000 to be
paid by the issuance of 350,000 common shares of EcomPark with a
deemed value of $1.30 per share.”
“Mount Linux is creating a Linux-based suite of graphical
tools for distributed desktop and network administration tasks.
Mount Linux’s user friendly interface makes its simple for anyone
to keep an entire network current and secure, regardless of number
of users or network location. The result of adopting the Mount
Linux tool set will be a marked reduction in the total time and
resources required to manage and maintain modern computer networks.
These tools allow the integration of Linux with existing systems
and bring to Mount Linux customers the ease of administration and
configuration traditionally associated with Microsoft products, but
with the reliability, security, performance and cost advantages
associated with the Linux operating system.”