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Coming Soon: A collection of some of the eloquently worded e-mails we have received. |
| Astley's Sandwich Shop Announces Intent to Acquire buzz-chat.com Growth Strategy Accelerates With Addition of Premier Web 1.0 On-line Chat System WEEKAPAUG, RI - 23 Aug 2008: Astley's Sandwich Shop, LLC today announced a definitive agreement to acquire substantially all the assets of buzz-chat.com, a privately held web site known as one of the world's preeminent legacy Web 1.0 based on-line chat systems. This acquisition provides a valuable marketing tool to expand the customer base at their brick and mortar establishments along the Route 2 corridor. This transaction also benefits Astley's existing customer base by providing value-added table side personal entertainment options. Today's announcement accelerates Astley's position into the virtual space and reaffirms their position as an innovative forward-thinking organization committed to quality cuisine coupled with non-traditional social interactions. Financial terms of the transaction were not disclosed. The transaction is expected to close in Q1 of Astley's fiscal 2009. Completion of the transaction is subject to regulatory approval and other customary closing conditions. "We look forward to welcoming the buzz-chat.com team," said Al Harrington, owner, Astley's Sandwich Shop. "Their success and commitment to building a streamlined chat interface should provide a critical component of the overall marketing and entertainment options for our customers." "We believe that Astley's Sandwich Shop and buzz-chat.com together can accelerate our mutual vision to develop integrated customer solutions for Internet users in Western Maryland, Newfoundland, the United Kingdom, and random parts of Australia," said Mike Andrews, founder of buzz-chat.com. Following completion of the proposed transaction, buzz-chat.com will be integrated into Astley's Internet Operations and Marketing organization and the company's founder, Mike Andrews, will be joining Astley's senior executive leadership team. In the interim, a joint team with representatives from both companies will develop integration plans that build upon the technical, product and cultural synergies and the best business and product development practices of both companies. buzz-chat.com is headquartered in Washington, DC and has 1 employee. About buzz-chat.com
Mike Andrews Al Harrington |