Today's Deals: NetZero Absorbs FreeI Networks

 Internet Security Systems (ISSX) acquires SARIS

   *  Amount:         Undisclosed

   *  Terms:            n/a

   *  Premium:        n/a

   *  Industry:        ISPs/Access providers

   *  Scorecard:      B

ATLANTA, Oct. 6--Internet Security Systems , a provider of security management solutions for the Internet, announced the formation of its Brazilian subsidiary from the acquisition of its exclusive distributor, SARIS, Seguranca Ativa de Redes Internet e Sistemas Ltda. Together, the two companies, Internet Security Systems and SARIS, will be responsible for delivering Internet security solutions in Brazil, Argentina, Chile, Uruguay and Paraguay and will be a key part of the company' s global strategy to offer complete security solutions through consulting, products and managed security. Terms of the acquisition were not disclosed.

 

 NetZero (NZRO) to acquire FreeI Networks assets

   *  Amount:         Undisclosed

   *  Terms:            n/a

   *  Premium:        n/a

   *  Industry:        ISPs/Access providers

   *  Scorecard:      B+

WESTLAKE VILLAGE, Calif., Oct. 6--NetZero , a provider of advertising- and commerce-supported Internet access, announced that it has signed a non-binding letter of intent to acquire certain assets of FreeI Networks, a national provider of free Internet access. On Friday, October 6, FreeI Networks filed for protection under Chapter 11 of the United States Bankruptcy Code. One goal of the transaction is to ensure Freeinternet.com users experience no interruptions in service. It is expected that users will be referred to NetZero's service, and will be able to keep their current e-mail address. The terms of the proposed transaction were not disclosed.

 

 i-Titan Communications Networks to merge with Kwik Web (KWEB)

   *  Amount:         Undisclosed

   *  Terms:            100% stock

   *  Premium:        n/a

   *  Industry:        Designers/Consultants

   *  Scorecard:      C

BOCA RATON, Oct. 2--i-Titan Communications Networks, a privately-owned international wireless infrastructure company, and Kwik Web, a Web site tool developer and owner of Internet Property Development Corp., have signed a non-binding letter of intent to merge. The terms of the agreement call for a one to one stock swap of i-Titan and Kwik Web shares.

 

 Bidnow.com acquires GlobalCart.com

   *  Amount:         Undisclosed

   *  Terms:            100% stock

   *  Premium:        n/a

   *  Industry:        E-commerce enablers

   *  Scorecard:      C

NEW KENSINGTON, Pa., Oct. 6--Bidnow.com has acquired GlobalCart.com, an Internet based virtual store solution for an undisclosed amount of company stock, to provide small and medium sized businesses easy access to various technological services. With the acquisition of GlobalCart.com, Bidnow.com will now be able to deliver an affordable e-commerce solution to its broad range of auction clients. Details of the transaction were not disclosed.

 

 Executive Help Services (EHSV) to merge with ClickIncomes.com

   *  Amount:         Undisclosed

   *  Terms:            100% stock

   *  Premium:        n/a

   *  Industry:        Financial services

   *  Scorecard:      C

SAN DIEGO, Oct. 6--Executive Help Services announced it signed an Agreement and Plan of Merger with ClickIncomes.com. ClickIncomes.com will be merged into Executive Help Acquisitions, Inc., a wholly owned subsidiary of Executive Help Services, with Executive Help Acquisitions, as the survivor of the merger. As a result of the merger, all of the issued and outstanding shares of common stock of ClickIncomes.com will be converted into shares of common stock of Executive Help Services on a one for one basis. Upon the consummation of the merger, Executive Help Services, Inc. intends to seek a name and symbol change.