Investor relations: company contact: vince buczek brooke filger jkt, inc market central, inc. (301) 751-1457 (888) 773-3501 firstname.lastname@example.org email@example.com
Investor Relations: Company Contact: Vince Buczek Brooke Filger JKT, Inc Market Central, Inc. (301) 751-1457 (888) 773-3501 firstname.lastname@example.org email@example.com
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[MARKET CENTRAL LOGO]
Commons Pkwy, Suite 300
Charlotte, NC 28277
Investor Relations: Company Contact:
Vince Buczek Brooke Filger
JKT, Inc Market Central, Inc.
(301) 751-1457 (888) 773-3501
MARKET CENTRAL SIGNS LETTER OF INTENT TO SELL ITS ECOMMERCE DIVISION, CONTACT
CALL CENTER FOR A MINIMUM OF $1.1 MILLION.
COMPANY TO FOCUS ON GROWING CORE ASSETS IN INTELLECTUAL PROPERTY, ITS
INTELLECTUAL PROPERTY PORTFOLIO, AND NEXT GENERATION SEARCH AND INTELLIGENT
DOCUMENT RECOGNITION TECHNOLOGY
CHARLOTTE, NC - JANUARY 19, 2005 - MARKET CENTRAL, INC. (OTC BB: MKTE), a
knowledge management company specializing in solutions that enable businesses to
efficiently store, categorize and retrieve information with state-of-the-art
technologies, today announced that it has entered into a non-binding letter of
intent to sell its eCommerce Division, Contact Call Center located in
Jacksonville, NC to Customer Linx for 10% of the outstanding shares of
CustomerLinx common stock with a provision in the sale for incremental shares
based upon the performance of the Jacksonville call center during the year
following the sale. CustomerLinx has provided Market Central with a right to put
or sell the CustomerLinx shares to CustomerLinx over a 2 1/2 year period at a
stipulated monthly rate. This put, if exercised, provides for minimum of
$1,100,000 in cash. The parties intend to close on the asset purchase by no
later than February 28, 2005.
"We made the strategic decision to focus our resources and efforts on our best
opportunity to create long-term shareholder value", stated Doyal Bryant, Market
Centrals' Chief Executive Officer. "The sale of this non-core asset streamlines
Market Centrals' corporate structure and has several beneficial effects on the
balance sheet. Strategically, it provides the management team with better focus
and time to cultivate our core assets in next generation search and intelligent
document recognition technologies".
"We are very excited with the great opportunities this addition will bring for
our company," stated Craig Mento Chief Executive Officer of Customer Linx. "Our
recent work with the North Carolina center has offered us the added ability to
bring on new business and opportunities. We also look forward to continue our
valued relationship with Market Central integrating the SourceWare solution into
ABOUT CUSTOMERLINX, INC.
CustomerLinx operates customer contact centers in Oklahoma and New York. Through
its LinxCenters and advanced CRM/eCRM platform, CustomerLinx allows middle
market and Fortune 500 companies to combine traditional inbound contact center
communications with inbound web- based and digital eCRM communications.
CustomerLinx's combined CRM/eCRM services allow companies to operate their CRM
platforms in a more cost effective manner, while applying continuous improvement
best practices in the execution of their CRM strategies. The company's
web-enabled platform offers scaleable solutions, secure, real-time reporting of
results and performance metrics. The company's suite of eCRM services includes:
web and voice interaction, interactive voice response (IVR), email response,
order entry, fulfillment, data mining and modeling and market research.
CustomerLinx is headquartered in Atlanta, Georgia. The company employs
approximately 1000 highly qualified professionals. CustomerLinx clients
represent a variety of industries including financial services, insurance,
marketing, e-commerce, health care, catalog and retail sales and publishing. For
more information, visit the CustomerLinx web site at www.customerlinx.com.
ABOUT MARKET CENTRAL
Market Central is becoming a leader in the Knowledge Management industry,
specializing in solutions that enable businesses to efficiently store,
categorize and retrieve information with state-of-the-art technologies. For
these technologies, Market Central holds multiple valuable patents in its
Intellectual Property portfolio. Market Central continues to invest in the
enhancement of these Intellectual Property assets, development of new additions
to the portfolio, and evaluation of related acquisitions. As part of the
strategic decision to leave the call center business and focus on next
generation knowledge management tools in such areas as search, intelligent
document recognition and online collaboration software, Market Central has
acquired technologies that combined have had over $20 million invested over 45
man-years of development. Market Central's clients include some of the nation's
premier companies such as SmartBargains.com, Time Warner Cable, Cox
Communications, FedEx, Tutor.com, OCLC, and Library of Congress. For more
information, please visit us on the Web at www.marketcentral.com .
# # #
This news release may contain forward-looking statements. Forward-looking
statements are indicated by words such as "expects," "intends," "anticipates,"
"believes" and similar expressions. Our ability to achieve the results
anticipated in such forward-looking statements is subject to risks and
uncertainties, including, without limitation, our ability to successfully
centralize and consolidate various support functions, in addition to general
economic conditions, operating results, market acceptance of our solutions and
other risks detailed from time to time in our reports filed with the Securities
and Exchange Commission. These forward-looking statements are made in accordance
with "safe harbor" provided by the Private Securities Litigation Reform Act of
1995 and no assurance can be given that the future results that are the subject
of such forward-looking statements will be achieved. The Company undertakes no
obligation to publicly update or revise the forward-looking statements, whether
as a result of new information, future events, or otherwise.