ZooLink Corporation (“ZooLink”)(ZLNK: OTCBB) is pleased to announce the next successful stage in its restructuring efforts in the form of an Offer To Purchase by Universco Broadband Solutions for ZooLink Communications Ltd. customer-base and assets.
The proceeds of the Universco purchase of ZooLink Communications Ltd.’s customer base and assets will be used primarily to settle the debt owed to creditors as outlined in the Proposal To Creditors which was accepted on April 15th, 2004. The move will position Zoolink Corporation’s remaining subsidiary, i3DataCenters Ltd., to move forward with its business model of providing next generation Intelligent Data Centers (IDCs) through a “franchise type” methodology.
Universco Broadband Solutions and i3DataCenters Ltd. plan to work closely together and will offer each other’s product sets to their individual customer bases. The close association will see i3DC reselling Universco’s product sets to customers and Universco will utilize i3DC’s co-location and web services for their customers’ needs.
“Universco’s decision to work with i3DataCenters combined with the Offer to Purchase of ZooLink Communications Ltd. customer-base is an exciting step in our restructuring efforts,” said West McDonald, President of ZooLink Corporation. “ZooLink Communications will now have the funds necessary to settle its obligations with creditors as outlined in the Proposal To Creditors. Universco Broadband Solutions is a leader in high speed connectivity solutions and we want our customers to know that they are in great hands. This is great news for our i3DataCenters’ customers for the Company’s entire focus will now be on serving them better than ever before, with new and more robust data center offerings. It is a tremendous opportunity for our customers as both company’s networks are essentially similar and will not require much effort to integrate.”
ZooLink is capitalizing on an increasing trend in the marketplace to provide co-location and managed services to companies that outsource their IT infrastructure. Web hosting infrastructure is complex and expensive for companies to maintain. Jupiter Media Metrix states that companies that don’t outsource are missing out on a 30-40% cost savings and 25-35% in implementation delays. According to the Yankee Group, the worldwide Web hosting market was $9 billion in 2001 and will grow to $50 billion by 2005. Establishing a Web presence for your business is now mandatory and B2B e-commerce is saving companies billions.
About ZooLink Corporation Inc.
ZooLink www.zoolink.com is a leading developer of next generation Intelligent Internet Data Centers. Our Data Centers serve as platforms to provide co-location services to companies with mission critical Internet infrastructure. Our services are also ideal for Web-centric businesses, such as Internet Service Providers (ISPs), Applications Service Providers (ASPs), Content Providers and Carriers.
Our customers primarily use our services to maintain complex computer equipment in a secure, fault-tolerant environment with connectivity to a high-speed, high-capacity, direct link to the Internet and to support complex Internet applications. We currently offer our services from our Intelligent Data Center facilities in the cities of Vancouver and Calgary, Canada. ZooLink has developed a “franchise type” methodology, though all data centers are corporately owned; to identify, acquire, convert and operate Intelligent Data Centers to transform them into profitable business units in Canada and the US. For more information visit the ZooLink Web site at http://www.zoolink.com
or contact investor relations at 1-877-606-1212.
About Universco Broadband Solutions
Universco Broadband Solutions www.universco.com is a Canadian communications high speed internet service provider based in Vancouver, B.C. The company provides services throughout Greater Vancouver to commercial and industrial buildings and business parks. Its main business is providing ‘last mile’ fixed wireless network access, delivering reliable high-speed Internet access services. Key factors in Universco’s success are its wide area coverage, affordable infrastructure, and use of proven and secure technologies.
