Dear Investors, Traders, and Speculators:
XENICENT INC. (OTCBB: XCNT) IS UNDER OUR RADAR THIS
WEEK. The Company, develops, invests in, and operates technology
and land development related companies within the US, China,
and Taiwan. XCNT's immediate strategy is to accelerate
the success of its technology division by acquisitions and development.
XCNT recently announced the signing of a definitive agreement
under which the Company will acquire a 60% interest in Giantek,
a Taiwanese corporation for U.S. distribution of Giantek's LED
Display Systems and additional Giantek proprietary technologies.
"By joining forces with Giantek, we will accelerate our
entry into attractive new technology markets, and
add critical breadth to our line of innovative products,"
Said CEO Duane Bennett of Xenicent. As a result of this important
acquisition, XCNT will receive exclusive rights to market Giantek's
products within the United States. Giantek reported over
$2 million in revenues for 2001, has approximately $3 million
in assets and currently employs a workforce of 30 employees.
|