NEW YORK, Aug. 15, 2005 (PRIMEZONE) -- DCI USA, Inc. (OTCBB:DCIU) today announced that the Company has signed a preliminary investment agreement with Digilink Limited, a privately held company. Digilink designs, develops, and sells Information Management and Content Management solutions for a broad spectrum of the enterprise market. Digilink's software is well positioned to gain a strong share of the 12 billion dollar knowledge management market.
Ivor Share, CEO of Digilink, said, "This investment by DCIU allows us to rapidly extend our marketing to reach companies that would not otherwise be able to afford the high end solutions offered today. Compliance and collaboration is not solely the province of the Fortune 100 companies. We bring these technologies 'down to earth' by building our products based on standard Microsoft software technologies."
Under the terms of the Letter of Intent, DCIU has agreed to provide Convertible loan facilities for up to $650,000. In consideration of the convertible loan line, Digilink will issue to DCIU shares of Digilink stock based on a multiple of the revenues earned over the next 12 months. The convertible loan line will be drawn down according to a pre-approved schedule under terms to be delineated in a subsequent Definitive Agreement.
Ilan Ofir, chief executive officer of DCIU, commented, "The Company's investment in Digilink is consistent with our goal of building a diversified portfolio consisting of investments that are well positioned in their respective industries. We are particularly excited about the content management sector which continues to grow driven by Homeland Security and Sarbanes Oxley compliance amongst other factors. In addition, Digilink has established a unique marketing position with regards to Microsoft's SharePoint Product and Technologies. Digi-Link Revelation delivers a mobile solution unparalleled in price, performance and ease-of-use to SharePoint's millions of users. The founder's successful history of working within the Microsoft framework and that Digilink is a member of the Microsoft Partner Program further increased our confidence in this investment. A definitive agreement is expected to be reached within the next 30 days and is subject to final due diligence provisions."
About DIGILINK Headquartered in London, England
Digilink Limited (http://www.digi-link.com) is a global leader in the development of affordable, easy to implement and simple to use information management technologies and applications. Digilink's flagship product Digi-Link Reveal(TM) makes it affordable for every company from small businesses to large enterprises to leverage the vast amounts of unstructured data stored within their company.
Digi-Link Reveal will search, categorize and retrieve unstructured files whether they are stored on a server or an individual's desktop. In contrast to the large, overpriced and overcomplicated EDRMS (see Note) solutions, Reveal is based wholly on Microsoft standards and so is installed in hours instead of weeks and months and implemented quickly and efficiently, producing immediate benefits. Digi-Link Revelation(TM) is an add-on product for Microsoft(R) Office SharePoint; the world's largest selling collaboration solution. Revelation allows Mobile laptop users to automatically synchronize and take all their Microsoft's SharePoint Portal Server 2003 (Microsoft SPS) and Windows SharePoint Services (Microsoft WSS) documents with them. Leveraging the client tools in Reveal, Revelation provides a low cost solution for synchronization with Microsoft(R) Office SharePoint.
DCI USA Inc. (DCIU.OB) is a business development company (BDC), pursuant to the Investment Company Act of 1940. As a BDC, the Company intends to invest in businesses and intends to provide significant management expertise, corporate finance capabilities, and leadership to its portfolio companies.
Business development companies are publicly traded, closed-end funds that make investments in private companies and thinly traded public companies through the use of senior debt, mezzanine financing, and equity funding. DCI USA Inc. plans to use equity capital provided by public shareholders, financial institutions, and debt capital from various sources to make investments in growing small private and public businesses.
Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on the current expectations of the management of DCI USA only, and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Factors which could cause or contribute to such differences include, but are not limited to, factors detailed in the Company's Securities and Exchange Commission filings; economic downturns affecting the operations of the Company, adequate financing to achieve the new strategic plans, and the unavailability of general financing to complete management's overall plans and objectives. DCI USA undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. For a more detailed description of the risk and uncertainties affecting DCI USA, reference is made to DCI USA's reports filed from time to time with the Securities and Exchange Commission. This press release is available at www.dci-mb.com.
Digi-Link Reveal and Digi-Link Revelation are trademarks of Digilink Limited. Microsoft is a registered trademark and SharePoint Portal Server 2003 is a trademark of Microsoft Corporation. Other company and product names may be trademarks of their respective owners. Copyright (c) 2005 Digilink Limited. All rights reserved.
Note: EDRMS -- Electronic Data Records and Management Systems.