Pierce International Acquires North American Software

On December 21, 1999, Pierce International (OTC BB Symbol "PRCI") completed its acquisition of the outstanding common stock of North American Software Associates, Limited (NAS) in exchange for 76.8 million shares of PRCI common stock.

NAS is an information technology company with a strong emphasis in Microwave and Fiber Optic Technology, Internet Service, Network Support Services, Remote Critical Data Storage and Information Technology Training. NAS owns Freedom 2000, the local Internet service provider, which connects the tri-state region of Mississippi, Alabama and Tennessee.

NAS currently employs 21 engineers, technicians and managers. NAS's facilities are located in a new state-of-the-art 170,000 square feet office building located in the Tri-State Commerce Park in northeast Mississippi. This facility was built for the National Aeronautics and Space Administration in 1993 to provide a physical plant for NASA's computer engineering of the advanced solid rocket booster project. The space program's budget cuts precipitated closure of this facility in 1996. The State of Mississippi took title to the facility in 1997. In January 1999, NAS entered into a 10-year lease of the facility with the State of Mississippi.

NAS is now expanding and upgrading its Mississippi facility to accommodate increased communication bandwidth capabilities through the use of fiber optics and microwave technology. The increased bandwidth will compliment the improved infrastructure and communication capacities of the NAS facility, and will provide a basis for additional expansion of the NAS businesses.

This former space administration facility was originally designed to provide high security for information storage needs. The facility's strategic location and secure environment provides NAS with a perfect location for remote critical online data storage for government and corporate applications. The facility has a complete dual power backup system including multiple diesel power generators servicing the entire computer complex.

Following the acquisition of NAS the management of PRCI resigned. The new president of PRCI is Robert R. Crawford. In addition, PRCI plans to change its corporate name to "North American DataCom". As a result of the acquisition of NAS there are now approximately 4 million publicly traded shares and 82 million restricted shares which are outstanding.

North American DataCom's new principal executive offices will be located at 751 County Road 989, Building 1000, Iuka, MS 38852. For further information, contact Investor Relations by telephone at (662) 424-5030, and by e-mail at invrel@nadata.com

 


2003-05-02
North American DataCom, Inc. (NADA), announced today that has halted its operations due a lack of funding.

2003-01-03
North American DataCom Reports Unaudited Fiscal Year 2002 and First Quarter Results

2002-05-21
North American DataCom Reports Nine-Month Results: Debt and Losses Reduced

2002-04-30
North American DataCom Expands Its Operation in Greater China/Shangai

2002-04-25
North American DataCom Announces Bandwidth Agreement

2002-04-23
North American DataCom Expands Board and Announces Revised Business Plan

2002-02-21
North American DataCom Reports Six-Month Results: Revenues Up and Expenses Down

2001-12-04
North American DataCom Announces Expansion of Internet and Data Services Business

2001-11-08
North American DataCom Acknowledges Equity Investment Support

2001-10-31
North American DataCom Reports First Quarter Results: Revenues Up and Expenses Down

2001-10-24
North American DataCom Announces Revised Business Plan

2001-10-16
North American DataCom Reports Fiscal Year 2001 Results: Net Revenue and Development Expenses Up

2001-08-28
North American DataCom, Inc. and Infusion Software Group, LLC Launch GLOBAL PTX

2001-08-07
North American DataCom Announces Management Changes

2001-05-15
North American DataCom Announces Third Quarter Financials: Net Revenues Increased by 113% and Development Expenses Up

2001-03-15
North American DataCom Enters Into Agreement for Up to $50 Million of Equity Financing

2001-03-07
North American DataCom Announces New Lease with State of Mississippi

2001-02-19
North American DataCom Reports Second Quarter Results: Net Revenue and Development Expenses Up

2001-02-15
North American DataCom Announces Interim Business Plan

2000-11-07
North American DataCom Receives Enterprise Data Storage Contract

2000-09-07
North American DataCom Announces Deployment of Microwave Tower and Right of Way Agreement With Local Railroad

2000-09-01
North American DataCom Subsidiary Announces Appointment of Gordon Evans

2000-08-22
North American DataCom Announces Fiber Optic Conduit Agreement

2000-05-12
North American DataCom Receives Certification as a Competitive Local Exchange Carrier -CLEC-

2000-05-11
Broadband Pioneer Makes Tracks With EMC As Core Info Infrastructure

2000-04-07
North American DataCom Changes Trading Symbol

2000-03-24
Pierce International Changes Name To North American DataCom

2000-03-07
Pierce International Names Jerry Buuck to Head Sales for Its Newly Formed Subsidiary North American InfoTech, LLC

1999-12-21
Pierce International Acquires North American Software

1999-05-20
North American Software Acquires Freedom 2000 Internet Service