Acquisition will allow leader of Internet business sector to grow division that makes software and Web sites for real estate firms

2008-05-15 23:46:09 - COSTA MESA, Calif. (5/15/2008) - OC Web Logic, Southern California's leader in business web solutions, has agreed to purchase the Internet division of Financial Processing Systems, based in Santa Ana, Calif., it was announced today.

The Internet division of FPS develops, maintains and hosts internet websites for small to medium-sized businesses. For this reason, this division is a perfect fit for OC Web Logic, as the company specializes in helping small and medium-sized businesses do this exact function, said Rich Stark, president of OC Web Logic.

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OC WEB LOGIC TO PURCHASE INTERNET DIVISION
OF FINANCIAL PROCESSING SYSTEMS

Acquisition will allow leader of Internet business sector
to grow division that makes software and Web sites for real estate firms

'We are extremely pleased to be involved in this business venture with FPS,' Stark said. 'We believe we will be able to build upon

the foundation established by FPS their Web sites. This deal is a win-win for both our organizations and we look forward to continuing what FPS started.'

With the acquisition, OC Web Logic is looking to increase revenues of this division of up to 30 to 35 percent, making it a highly profitable venture for the company, Stark said. In addition, Stark added he is hoping to become more involved in business deals, such as this, as companies look to outsource their Internet divisions.

Based in Costa Mesa, Calif., OC Web Logic is Southern California's premier Web solutions provider and has been for more than a decade. OC Web Logic helps businesses - large and small - streamline their Web needs and presence by listening to their customers and solving their Web problems with a tailored approach, unique to each business. OC Web Logic also helps companies drive business to their web sites through their one-of-a-kind search engine system. For more information, call (949) 515-4042 or visit the company's web site: www.ocweblogic.com.

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