MONTREAL, Jan. 7, 2005 (PRIMEZONE) -- Bach-Hauser (Pink Sheets:BHSR) announced today that Fortune 1000 Group, a publicly listed company on the TSX Venture Exchange symbol FRT, has made a proposal to the company to acquire all its outstanding shares. The directors of Bach-Hauser believe the acquisition price should not be under $1.00 USD per share. This price is predicated on Bach-Hauser's present revenue and projected revenue based on POS (point of sale) terminals presently active in the field and under contract to be installed this year.
On Tuesday January 11, 2005 the company will issue a press release regarding revenue and revenue projections. The company is also aggressively targeting other companies in the same industry for acquisition.
About Fortune 1000 Group
Fortune 1000 Group, with head offices in Sainte-Foy (Quebec), is a leader in the development, sale and support of accounting, commercial and banking management systems.
About Bach-Hauser, Inc.
Bach-Hauser, Inc. through its wholly owned subsidiary DM2 Technology is a provider of specialized POS equipment and software, which provides greater flexibility and reliability for debit and credit card financial payments. The company currently sells its products and services through traditional retailers, online retailers, taxis and courier companies.
DM2 Technology specializes in the sale of POS (point of sale) equipment and software to handle bankcard and credit card payments. DM2 Technology has been in the business of handling Interac and Credit Card transaction payments since the government of Canada deregulated this market. At present, DM2 has terminals in retail outlets in every province except for Newfoundland and PEI. DM2 has a growing list of corporate clients and strategic partners such as Rogers Wireless Communication, Dynacard Capital, Ingenico, Lipman, Datawest, CIT, BCE Emergis, Datawest, EasyHome, and Teleplus.
This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. For those statements, the Company claims the protection of the safe harbor for forward-looking statements provisions contained in the Private Securities Litigation Reform Act of 1995 and any amendments thereto. Such forward-looking statements by definition involve risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from the future results, performance or achievements expressed or implied by such forward-looking statements. In particular, there is no assurance that production, pricing levels or other factors pertaining to the manufacturing and retail operations will be sustained at the expected rates or levels over time. Discussions of factors, which may affect future results, are contained in the Company's most recent SEC filings.