Overview
| e-angel Merges With Orchid Suites, Inc. |
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Press
Release FOR IMMEDIATE RELEASE
ORCHID SUITES,
INC AND E-ANGEL LLC TO MERGE The combination will increase offerings,
streamline operations and speed innovation
WASHINGTON DC
(December 12, 2006) - Orchid Suites, Inc. and e-angel LLC today announced
that the companies have entered into a definitive agreement to merge.
Orchid Suites, Inc.(http://www.orchidsuites.net), a woman-owned software
development firm specializing in websuite technology that gives organizations in
target markets online solutions for growth and revenue generation, is merging
with e-angel LLC, an equally innovative web services organization providing
technology solutions that enhance the operations of small to medium sized
businesses and nonprofit organizations through next generation technology and
Internet services. The two companies will operate under the name Orchid Suites.
Orchid Suites works primarily with partners including web designers,
advertising agencies and Internet strategists - giving them a predictable,
flexible and powerful web interface that automates the practice of custom
building websites. In addition, the company offers a unique content sharing
capability called "suites" where connected websites can share content and
branding - ideal for franchising, advocacy and reaching target groups through
microsites. Tanya Renne, CEO of Orchid Suites, is pleased about the merger as it
will "give both of our clients an increased level of service and opportunity and
expand our offerings significantly."
Franck Goron, CEO of e-angel LLC,
brings both business and technology savvy to the company along with a team of
talented analysts. He worked at Oracle Corporation and opened one of the first
web technology firms in Paris, France before founding e-angel. He strongly
believes that the "merger is a logical next step that creates substantial value
for customers and stockholders of both e-angel and Orchid Suites." Franck added,
"We are already hard at work leveraging each other's strengths to create a new
line of innovative web services."
The portfolio of the combined
companies will include over 75 progressive political parties nationwide, a host
of associations including the Washington International Trade Association, the
American Small Business Coalition, the National Gay and Lesbian Chamber of
Commerce, and partners including Omni Studios and Members Only Software.
Media Inquiries:
Orchid Suites, Inc. Tanya
Renne 2001 S Street NW Suite 550 Washington, DC 20009 202.265.1671
x7004
e-angel LLC Franck Goron 1730 M
Street NW Suite 707 Washington, DC
20036 202.415.4050
Questions
and Answers What have you announced
today? Orchid Suites Inc. and e-angel LLC will merge as one company under
the Orchid Suites name.
Why have you done this? Wewill be
better positioned to meet the current and future needs of our customers with
quality services and exciting products.
How will this benefit
me? Existing and new customers will benefit from a host of products and
services that will continue to serve their growing needs while we continually
improve existing products and customer services.
How will this affect
me? Today it's business as usual. There's no change to your services as a
result of the merger.
What happens next? We are committed to
ensuring that customers will gain maximum benefit from the merger which will
include an integration process. We will communicate frequently and openly during
this process.
What sort of changes might take place? Our aim
is to offer consistent service to all customers - taking the best of both
companies as a benefit to our clients. It is too early to be specific. New
technology and innovation may also lead to new services.
Does my
email address or website change? No. There's no change as a result of the
merger.
Will my service be disrupted as a result of today's
news? No. You can expect the same great service.
Who do we
call with a query? Your customer service contacts have not changed at
this point. We will send out details on revised contact information as needed.
Will our contracts change? Some customers may be contacted
individually if their contract requires a name transfer from e-angel to Orchid
Suites. This can be done with a simple letter of agreement.
Will you
have a single set of products and prices? Not today, but ultimately we
want to have a common set of services and prices for all of our customers. As
soon as we make final decisions that we can share, we will communicate them
clearly.
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