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PRNewswire: Piranha, Inc. Announces Plans to Apply for National Nasdaq Listing

Mar 30, 2000, 23:48 (0 Talkback[s])

"Upon Receipt of $3 Million Equity Investment From HIH Insurance Limited."

"Edward W. Sample, Chief Executive Officer, Piranha, Inc. announced today that HIH Insurance Limited, headquartered in Sydney, Australia, has completed a US$3 Million equity investment in Piranha, Inc. As a result of the HIH investment, Piranha, Inc. will immediately take steps to file an application with Nasdaq for listing on the National Market system."

"Piranha, Inc. is a premier digital workflow technology company providing industry leading data compression technology, created on the Linux operating system, fully operational and portable to Apple and Microsoft operating systems. Additionally, Piranha has two wholly owned subsidiaries to take its leading technology to the marketplace. Impact Solutions, Inc. is a sales and marketing organization directed towards printing, publishing, document storage and other business-to-business opportunities. Impact Solutions will focus on Piranha's "lossless" data compression technologies optimizing file format structures associated with the publishing and medical imaging industries as well as bandwidth solutions for wireless devices, archival data storage efficiencies as well as all business-to-business applications."

Press release.