Acquisition
of CrystalTech Finalized [July 9, 2004]
PHOENIX,
AZ, Jul. 09, 2004 (MARKET WIRE via COMTEX) -- CrystalTech
Web Hosting Inc, one of the largest providers of Windows
based web hosting, is pleased to announce the finalization
of their acquisition by Newtek Business Services (NKBS).
While the acquisition is now complete, CrystalTech will
continue to operate as it has in the past, continuing
to provide a high quality hosting environment that is
now combined with the ability to satisfy the needs of
small to medium sized enterprises with services such
as credit card processing, small business loans, tax
services and much more.
According to Tim Uzzanti, CrystalTech's
Chief Executive Officer, the acquisition affords both
principals the ability to co-market products and services
to a much wider audience. "With the financial services
that Newtek offers, we will be able to provide a feature
set that is unmatched in the hosting industry and build
upon our reputation for service, support and reliability.
In return, Newtek has the ability to provide their own
existing customer base, which consists almost entirely
of small to medium sized businesses, with yet another
piece to their puzzle: a company that can provide exceptional
web hosting and, in the future, a full complement of
Information Technology services."
While both sides are eager to cross
market products and services, they are equally eager
to reiterate the fact that neither company will see
a drastic change in their focus or business plan. Mr.
Uzzanti states that, "while we were acquired, nothing
is actually changing. We are just in a better position
to bring the products and services CrystalTech offers
to a wider variety of customers. CrystalTech will remain
CrystalTech, from our employees all the way to our vision
and our way of doing business."
With their purchase of CrystalTech,
Newtek adds to an already impressive list of business
and financial services, which include:
-- Newtek Small Business Finance: small
business and U.S. government-
guaranteed lending services;
-- Newtek Financial Information Systems: outsourced
bookkeeping &
controller services;
-- Newtek Strategies: strategic business management
and global marketing
services;
-- Newtek Merchant Solutions: electronic merchant payment
processing
solutions;
-- Newtek Client Services: marketing and customer relations
services.
-- Newtek Tax Services: tax filing, preparation and
advisory services;
About CrystalTech
Founded in 1992, CrystalTech Web Hosting,
Inc. has grown to be one of the largest, debt-free,
privately owned companies in the web hosting industry.
CrystalTech hosts customers in over 70 countries, ranging
from Fortune 100 customers to small businesses. CrystalTech
is responsible for 100's of millions of visits each
day on the Internet. We provide this service using a
state of the art network operation center that includes:
redundant power systems, redundant air conditioning,
redundant network connectivity, redundant network transportation
(land and satellite), secured environment to the network
operations center and more.
Contact:
Derek Curtis
CrystalTech Web Hosting Inc
877.323.4678
press@crystaltech.com http://www.crystaltech.com
Barry Sloane
Chairman of the Board & CEO
Newtek Business Services
212.356.9500
SOURCE: CrystalTech Web Hosting, Inc.
|
