KDnuggets : News : 2005 : n05 : item19 < PREVIOUS | NEXT >

Briefs

Ostara Corporation Announces Acquisition of Catalyst Solutions LLC.

WERNERSVILLE, Pa.--(BUSINESS WIRE)--Feb. 17, 2005--Ostara Corporation (OTC:OTRC) is pleased to announce that it has acquired through a stock swap transaction 100% interest in Catalyst Solutions, LLC. (Catalyst). Catalyst was a minority owned subsidiary of Ostara's DBC Systems Inc. Catalyst uses DBC System's Data Mining and Deep Crawling Technology for the Automotive Sector. Additionally, Catalyst holds a copyright for "FastTrack," a 32-bit application that provides automotive dealerships with ability to track vehicle information by providing functionality for inventory management, maintaining customer and sales data, "Buy Here-Pay Here" data, tracking, printing to forms and data export to QuickBooks etc. "FastTrack" is currently under expansion to version 2.0 which will incorporate additional functionality.

Catalyst uses DBC System's Data Mining and Deep Web Crawling Technology for the Automotive Industry to support online classifieds for used vehicles through custom branded websites. Current customers include KSL TV, Salt Lake City, Utah (kslcars.com), KOMO4 TV, Seattle, Washington (komo4cars.com), and News10 TV, Sacramento, California (CarsOnNews10.net). Catalyst has an aggressive marketing plan being implemented to significantly increase the number of media partners nationwide by the end of 2005.

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KDnuggets : News : 2005 : n05 : item19 < PREVIOUS | NEXT >

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