ORBIS ONLINE RETAINS GEM ADVISORS TO RAISE FUNDS FOR BUSINESS EXPANSION
San Antonio, Texas - January 27, 2003 - Orbis Online
today announced that it has retained GEM Advisors Dallas, LLC, to pursue
fund-raising opportunities from private equity investors. Funds raised
will be used to expand the business of Orbis Online.
"Our relationship with GEM Advisors will produce new
capital that will be invested in the expansion of our business and the
support of our growing customer base," said Dr. James Strader, CEO of
Orbis Online. "In the last six months, Orbis Online has been awarded
more than five major government contracts, and needs growth funding
to fully capitalize on these large, long-term contracts."
Dr. Strader also said that Orbis Online continues to
explore all opportunities to acquire additional customers and penetrate
new markets, and to expand its business by strengthening product and
service offerings to customers.
"GEM Advisors is very pleased to be working with such
a talented management team and a leading-edge technology company like
Orbis Online," said Mark J. Cameron, Managing Director of GEM Advisors
Dallas. "I am confident that our experience and expertise in Corporate
Finance will help Orbis Online achieve their expansion goals."
About Orbis Online, Inc.
Orbis Online, Inc., offers powerful Java/XML technologies, and reverse
auction and tactical sourcing services, customized to benefit buyers
and suppliers throughout the world. Many world-class companies and large
governmental agencies benefit from contractual relationships with Orbis
Online, whose technology and services achieve true market pricing and
make the buying process more efficient. For more information about Orbis
Online, Inc., please visit our website at www.OrbisOnline.com,
or call (210) 576-7600. Demonstrations of Orbis Online's unique auction
platforms are available at the website: www.wsdemo.com
or can be facilitated by contacting Orbis Online directly.
About GEM Advisors
Global Emerging Markets Advisors (GEM) is a corporate finance advisory
firm and investment banking group specializing in control, minority,
and public market investing. GEM's activities are domestic and international
in scope and span a diverse array of industries and transactional structures.
Since its inception in 1993, GEM has structured and completed more than
$2 billion in principal and agency capital transactions. GEM has offices
in New York, London, Dallas, and Beijing, and maintains affiliate relationships
around the world. For more information about GEM Advisors, visit the
www.gemadvisors.com, or call (214) 978-2500. Services offered through
GEM Advisors, Inc. Member NASD, Member SIPC.
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