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PRESS RELEASE
For additional information, contact March 02, 2004
SPHERIX ACQUIRES DAKSOFT’S RESERVATION BUSINESS FOR IMMEDIATE RELEASE: BELTSVILLE,
MD. Spherix Incorporated (NASDAQ/SPEX),
announced today that it has purchased the reservation business of Daksoft, a
wholly owned subsidiary of Black Hills Corporation located in Rapid City, South
Dakota. The acquisition includes all
rights to Daksoft’s ReserveIt software, continuing contracts with four states
and two counties in the U.S., and an additional call center operation located
in the mid-west. The call center will be
Spherix’s third, further demonstrating its commitment to providing services
nationwide wherever needed. As a result
of the acquisition, Spherix will now be providing reservation services to
eleven states and two counties. “As we move to become the major
provider of Federal, state, and county park reservation services, this acquisition
positions Spherix as one of only two major companies offering these services to
states and as the most technologically advanced system provider in the market,”
said Thomas Gantt, Spherix President and CEO.
“Spherix’s ReserveWorld system is already considered by many to
represent the best in the industry.
Adding ReserveIt to our family will allow us the opportunity to provide
more flexibility in offerings to states and counties of all sizes.” Diana Holloway, the person mainly
responsible for the growth of ReserveIt, has agreed to continue her employment
as Spherix’s Director of the ReserveIt Division. She is located in South Dakota and will
manage the new Division as well as participate in overall corporate business
development opportunities. _____________________________________________
Certain
statements contained herein are “forward looking” statements as defined in the
Private Securities Litigation Reform Act of 1995. Because such statements include risks and
uncertainties, actual results may differ materially from those expressed or
implied. Factors that could cause actual
results to differ materially from those expressed or implied include, but are
not limited to, those discussed in filings by the Company with the Securities
and Exchange Commission, including the filing on Form 8-K made on March 3,
1999. Under its motto, “A World of Solutions,” Spherix’s
mission is to create value and increase shareholder wealth
through innovations that benefit our clients and the human condition. Spherix offers innovations in information
technology, knowledge management, and biotechnology. Our
Internet address is http://www.spherix.com. # # #
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