Tuesday, November 18, 2008

EnterConnect Inc. (ECNI.OB) Signs Letter of Intent to Purchase V-Rooms

EnterConnect Inc. offers enterprise-proven on-demand business portals to address the requirements of specific industries, as well as business processes that are common across multiple industries to help companies increase customer satisfaction, growth and productivity. This basically brings the internet and combines them with a company’s intranet and extranet to produce one seamless platform onto which all services may be performed.

EnterConnect provides five different capabilities: CustomerConnect - provides rapid portal creation, and content and asset management, for supporting effective customer communication and collaboration. EmployeeConnect - provides all types of employee self-service functions, HR processes, workflows, forms, and document management. PartnerConnect - provides partner communication, collaboration and content sharing, both inside and outside the organization. TeamConnect - provides creation of any portal or website required to improve team communication, collaboration and productivity. WebConnect - provides independent, rapid creation and implementation of any number of intranets, extranets or internet web portals for small to large business entities.

The company today announced that it has signed a Letter of Intent to purchase V-Rooms(tm), a division of Due Diligence Online LLC, an Internet-based, on-demand service designed to speed the completion of financial transactions. V-Rooms enables clients, on a 24×7 worldwide basis, to accelerate complex, information-intensive business transactions and processes. This dovetails into the mission statement of EnterConnect perfectly and positions the joined forces as a key-player in the SaaS Financial Services space.

Dan Bradbary, chief executive officer of V-Rooms, stated: “EnterConnect offers a global platform and strategic technology partners like Oracle and Intel which we can leverage to penetrate the market and gain even greater exposure for our offerings. Our solution helps companies reduce operational costs and streamline processes; and in today’s world of mergers and acquisitions and distressed sales, saving money and moving quickly are paramount.”

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