PacketStormSecurity Announces New Corporate Alliances; Will Raise $25M in Angel/VC Funding April 1st, 2002 by Michael Coldsmith Briggs BRISTOL, UK - An announcement was made early this morning via the major wire services that the Internet's premiere information security resource, PacketStorm (http://www.packetstormsecurity.org) would be eschewing the general trend in the market and amidst fears of imminent bankruptcy due to operational losses and raise an additional $25M USD through a combination of angel investment and venture capital funding. As part of this plan, new corporate alliances were also announced this morning at a separate press conference in order to demonstrate PacketStorm's vitality in the marketplace and show it's commitment as one of the only remaining sites for unbiased security information on the Internet. PacketStorm is currently reviewing partnership proposals from representives of organizations in Provo, Cupertino, and Redmond. It has been assumed by industry analysts that the capital raised will go to offsetting PacketStorm's considerable operational expenses. Emerson Tan, managing director of the group talked a little about strategy "Right, well, really we're just going to cover the necessary costs. We're taking some cues from the big boys like Enron and Global Crossing and preparing contracts for bandwidth and service swaps to cover our unapologetic grab for cash." Other members of the operations team spoke in more detail as to how the cash infusion would be used. Jay Dyson said "One thing's for sure: the coffee has got to be better," & Christian Wright was quoted as saying... "I want a newer Gulfstream". PacketStorm has also tapped a Big-Five accounting firm based in Chicago IL. to oversee this round of financing. Alan Bishoff stated "Well in light of their recent headline grabbing engagements, we're confident they will maintain the confidentiality and document management discipline necessary to keep us all out of jail." SEC-qualified investors interested in investing at least 100,000 USD with PacketStorm are asked to contact their investor relations department at irat_private - ISN is currently hosted by Attrition.org To unsubscribe email majordomoat_private with 'unsubscribe isn' in the BODY of the mail.
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