EXHIBIT 99.1
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SEMOTUS SOLUTIONS SIGNS DEFINITIVE ACQUISITION AGREEMENT WITH CLICKMARKS
LOS GATOS, CA.--(PrimeZone Media)-- June 20, 2005, 7:00AM EST -- Semotus
Solutions Inc. (AMEX: DLK), a pioneer of wireless enterprise software, today
announced that it has entered into a definitive stock-for-stock purchase
agreement with Clickmarks Inc., an integration and mobilization software
company. The agreement is subject to Clickmarks stockholders approval and other
customary closing conditions, but the Company anticipates that the closing will
occur in late June.
Clickmarks technology enables the on-demand enterprise by non-invasively
leveraging existing IT investments to deliver workflow automation, portal
integration, and mobilization solutions. Clickmarks' patented Presentation Level
Integration (PLI) technology enables rapid creation of composite applications
and web services out of existing backend systems, which may be delivered via
web, portal, and mobile front-ends. Customers of its pioneering integration
technology and solutions include Vodafone, Unisys, Sun Microsystems, Verizon
Wireless, US Geological, City/County of San Francisco, and NTT DoCoMo.
"Clickmarks is an excellent fit with our Wireless Enterprise offerings, giving
us a versatile mobile middleware, as well as adding backend integration and
extension capabilities to our solutions" said Anthony N. LaPine, Semotus
Solutions' Chairman and CEO. "In addition to Clickmarks' clear fit with our
organization, business strategy, and product line, the Company also brings a
growing revenue stream and a strong customer base."
"Clickmarks is pleased and excited to team-up with an established
Internet/Wireless technology company such as Semotus Solutions," said Umair
Khan, Chairman and CEO of Clickmarks. "Semotus Solutions' customer base and
sales and marketing infrastructure provide a solid platform for accelerating
market adoption of our products and solutions. My team and I look forward to
realizing the vast potential of this combination and delivering on our mutual
vision of enabling the on-demand enterprise."
"Clickmark's revenue in calendar year 2004 was approximately $1,750,000 and it
has achieved quarter to quarter increases in 2005," said Anthony N. LaPine. "In
addition to the significant revenue increase for the combined companies, the
consolidation of duplicate and redundant overhead is expected to contribute to
an improved cash flow and accelerate Semotus' drive to profitability."
ABOUT CLICKMARKS, INC
Clickmarks is the pioneer of Presentation Level Integration(TM) (PLI), a
noninvasive integration technology that refactors existing applications into
re-usable components that can be used to create composite applications for the
enterprise. Clickmarks and its partners use PLI technology to leverage existing
IT investments in delivering workflow automation, portal integration, and mobile
solutions to the enterprise. The company's products and solutions have been
commercially deployed at some of the world's largest companies, including
Vodafone Group PLC, Unisys, Nippon Information Technology Corporation, Sun
Microsystems, and Telefonica. Founded in 1999, and based in Fremont CA,
Clickmarks (www.clickmarks.com) is a privately held company backed by several
blue chip investors, including DFJ-ePlanet, Vodafone Ventures, Entrust, and
Mitsubishi Corporation.
ABOUT SEMOTUS SOLUTIONS - THE WIRELESS ARCHITECTS SM
Founded in 1993, Semotus Solutions (AMEX:DLK) is the premier provider of
software for the mobile enterprise, connecting employees to critical business
systems, information and processes. Semotus has a Fortune 1000 installed
customer base and more than 600 corporate clients including Lockheed Martin,
Blue Cross Blue Shield, Coca-Cola, Hewlett Packard, Nextel Communications, JP
Morgan-Chase, and The United Nations. Semotus Solutions' software
provides mobility, convenience, efficiency and profitability in the areas of
workforce automation, finance, healthcare, and m-commerce. www.semotus.com;
www.hiplinkxs.com
SEMOTUS SOLUTIONS MEDIA CONTACT
DONALD MEYER
MARKETING MANAGER
(408) 358-7003
dmeyer@semotus.com
SEMOTUS SOLUTIONS INVESTOR RELATIONS CONTACT
TALI DURANT
CORPORATE COUNSEL
(408) 358-7100
tdurant@semotus.com
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This press release contains forward-looking statements, which are made pursuant
to the Safe-Harbor provisions of the Private Securities Litigation Reform Act of
1995. Words such as "intends," "believes" and similar expressions reflecting
something other than historical fact are intended to identify forward-looking
statements, but are not the exclusive means of identifying such statements.
These forward-looking statements involve a number of risks and uncertainties,
including the timely development and market acceptance of products and
technologies, successful integration of acquisitions, the ability to secure
additional sources of finance, the ability to reduce operating expenses, and
other factors described in the Company's filings with the Securities and
Exchange Commission. The actual results that the Company achieves may differ
materially from any forward-looking statement due to such risks and
uncertainties. The Company undertakes no obligation to revise or update any
forward-looking statements in order to reflect events or circumstances that may
arise after the date of this release.