EX-99.1
3
v019265_ex99-1.txt
[Scientigo LOGO]
7810 Ballantyne
Commons Pkwy, Suite 300
Charlotte, NC 28277
Telephone: 704.319.2220
Facsimile: 704.319.2250
Investor Relations:
Vince Buczek
Scientigo(TM), Inc
(704) 506-3098
vbuczek@scientigo.com
Scientigo(TM) Completes Sale of its eCommerce Division,
Contact Call Center
Transaction Highlights
o Sale valued at a minimum $1.2 million
o Divestiture allows Scientigo(TM) to focus on its growing intellectual property
portfolio and intelligent business automation solutions
Charlotte, NC - May 24, 2005 - Market Central, Inc. (OTC: MKTE.OB), (d.b.a.
Scientigo(TM)), a leader in intelligent Business Process Automation solutions,
today announced that it has completed the previously announced sale of its
eCommerce division, contact call center located in Jacksonville, North Carolina.
Consideration for the sale is approximately $1,200,000 comprised of debt of
$971,000 and the assumption of certain liabilities. Scientigo(TM) may receive
additional proceeds based upon the performance of the Jacksonville call center
during the year following the sale. The debt is payable over a three year and
one half period at a stipulated monthly rate.
"This marks another step in the strategic plan management began less than a year
ago to maximize shareholder value", said Doyal Bryant, Chief Executive Officer
of Scientigo(TM). "This divestiture allows us to focus our financial and
management resources on developing and growing Scientigo's intellectual patent
portfolio, cultivating our next generation search technology and expanding our
intelligent automation solution businesses".
Craig Mento, President of CustomerLinx commented, "We are very excited with the
culmination of this process which began eight months ago with a management
contract of this site. Over this period, we were able to understand the clients'
book of business and the strength of the local management team. This facility
will allow us a great expansion platform and will be the second site running
under the control of the M1 Business Platform. The M1 platform allows us to
affordably provide advanced call center service, VOIP and voice self service to
our customers".
About CustomerLinx
CustomerLinx provides business with outsourced support options for traditional
and Web-based customer contact. The company offers the most robust range of
services in the category. They include: market research; direct marketing
consulting; lead list management; direct response; inbound customer contact;
interactive customer care; order entry and tracking; data mining, profiling and
modeling; data entry and management; and warehousing and fulfillment. The
company provides these services through facilities in New York and Oklahoma.
About Scientigo(TM)
Headquartered in Charlotte, North Carolina, Scientigo(TM) is a leader in
intelligent Business Process Automation technologies, specializing in developing
and licensing intellectual property to partners whose products and services
complement our technologies for the benefit of clients. These customizable
solutions enable organizations to convert data from a processing and storage
burden into a competitive advantage, whether structured, semi-structured, or
unstructured, whether it is in paper or digital form, and regardless of volume.
In addition, Scientigo(TM) owns patents that address a set of key technical
protocols, referred to as XML (Extensible Mark-up Language), a popular standard
used to support the exchange of documents over the Internet. XML forms a basic
building block for "web services" and the "semantic web." These protocols are
embedded in software developed by large and small companies, including, for
example Microsoft and IBM. Scientigo(TM) has retained and formed an exceptional
intellectual property team that has implemented a comprehensive intellectual
property strategy and will assist to secure additional intellectual property
protection on its other inventions. Also, the Company provides customer support
and professional services to support its products. For more information on
Scientigo(TM), please visit www.Scientigo.com
# # #
This news release may contain forward-looking statements. Forward-looking
statements are indicated by words such as "expects", "intends", "anticipates,"
"believes" and similar expressions. Our ability to achieve the results
anticipated in such forward-looking statements is subject to risks and
uncertainties, including, without limitation, the potential interest of third
parties in our intellectual property portfolio, any potential growth of our
company, our ability to successfully maximize the value of our intellectual
property assets, in addition to general economic conditions, operating results,
market acceptance of our solutions and other risks detailed from time to time in
our reports filed with the Securities and Exchange Commission. These
forward-looking statements are made in accordance with "safe harbor" provided by
the Private Securities Litigation Reform Act of 1995 and no assurance can be
given that the future results that are the subject of such forward-looking
statements will be achieved. The Company undertakes no obligation to publicly
update or revise the forward-looking statements, whether as a result of new
information, future events, or otherwise.

EX - 99 . 1 3 v019265 _ ex99 - 1 . txt [ Scientigo LOGO ] 7810 Ballantyne Commons Pkwy , Suite 300 Charlotte , NC 28277 Telephone : 704 . 319 . 2220 Facsimile : 704 . 319 . 2250 Investor Relations : Vince Buczek Scientigo ( TM ) , Inc ( 704 ) 506 - 3098 vbuczek@scientigo.com Scientigo ( TM ) Completes Sale of its eCommerce Division , Contact Call Center Transaction Highlights o Sale valued at a minimum $ 1.2 million o Divestiture allows Scientigo ( TM ) to focus on its growing intellectual property portfolio and intelligent business automation solutions Charlotte , NC - May 24 , 2005 - Market Central , Inc . ( OTC : MKTE . OB ) , ( d . b . a . Scientigo ( TM ) ) , a leader in intelligent Business Process Automation solutions , today announced that it has completed the previously announced sale of its eCommerce division , contact call center located in Jacksonville , North Carolina . Consideration for the sale is approximately $ 1,200,000 comprised of debt of $ 971,000 and the assumption of certain liabilities . Scientigo ( TM ) may receive additional proceeds based upon the performance of the Jacksonville call center during the year following the sale . The debt is payable over a three year and one half period at a stipulated monthly rate . " This marks another step in the strategic plan management began less than a year ago to maximize shareholder value " , said Doyal Bryant , Chief Executive Officer of Scientigo ( TM ) . " This divestiture allows us to focus our financial and management resources on developing and growing Scientigo 's intellectual patent portfolio , cultivating our next generation search technology and expanding our intelligent automation solution businesses " . Craig Mento , President of CustomerLinx commented , " We are very excited with the culmination of this process which began eight months ago with a management contract of this site . Over this period , we were able to understand the clients ' book of business and the strength of the local management team . This facility will allow us a great expansion platform and will be the second site running under the control of the M1 Business Platform . The M1 platform allows us to affordably provide advanced call center service , VOIP and voice self service to our customers " . About CustomerLinx CustomerLinx provides business with outsourced support options for traditional and Web - based customer contact . The company offers the most robust range of services in the category . They include : market research ; direct marketing consulting ; lead list management ; direct response ; inbound customer contact ; interactive customer care ; order entry and tracking ; data mining , profiling and modeling ; data entry and management ; and warehousing and fulfillment . The company provides these services through facilities in New York and Oklahoma . About Scientigo ( TM ) Headquartered in Charlotte , North Carolina , Scientigo ( TM ) is a leader in intelligent Business Process Automation technologies , specializing in developing and licensing intellectual property to partners whose products and services complement our technologies for the benefit of clients . These customizable solutions enable organizations to convert data from a processing and storage burden into a competitive advantage , whether structured , semi - structured , or unstructured , whether it is in paper or digital form , and regardless of volume . In addition , Scientigo ( TM ) owns patents that address a set of key technical protocols , referred to as XML ( Extensible Mark - up Language ) , a popular standard used to support the exchange of documents over the Internet . XML forms a basic building block for " web services " and the " semantic web . " These protocols are embedded in software developed by large and small companies , including , for example Microsoft and IBM . Scientigo ( TM ) has retained and formed an exceptional intellectual property team that has implemented a comprehensive intellectual property strategy and will assist to secure additional intellectual property protection on its other inventions . Also , the Company provides customer support and professional services to support its products . For more information on Scientigo ( TM ) , please visit www.Scientigo.com # # # This news release may contain forward - looking statements . Forward - looking statements are indicated by words such as " expects " , " intends " , " anticipates , " " believes " and similar expressions . Our ability to achieve the results anticipated in such forward - looking statements is subject to risks and uncertainties , including , without limitation , the potential interest of third parties in our intellectual property portfolio , any potential growth of our company , our ability to successfully maximize the value of our intellectual property assets , in addition to general economic conditions , operating results , market acceptance of our solutions and other risks detailed from time to time in our reports filed with the Securities and Exchange Commission . These forward - looking statements are made in accordance with " safe harbor " provided by the Private Securities Litigation Reform Act of 1995 and no assurance can be given that the future results that are the subject of such forward - looking statements will be achieved . The Company undertakes no obligation to publicly update or revise the forward - looking statements , whether as a result of new information , future events , or otherwise .