MemberWorks (MBRS) acquires Qspace

   *  Amount:         Undisclosed

   *  Terms:            100% stock

   *  Premium:        n/a

   *  Industry:        Content/Communities

   *  Scorecard:      B-

STAMFORD, May 4--MemberWorks (MBRS) , a provider of consumer and membership services through affinity marketing and on-line channels, announced that its majority-owned venture, iPlace, a personal information content and infomediary on the Internet, has successfully acquired Qspace, a leader in on-line credit and personal finance.

Under the terms of the agreement, iPlace will acquire Qspace, a privately held company, in an all stock transaction whereby QSpace will receive a minority interest in the newly combined entity. MemberWorks will continue to hold a majority ownership in the combined company. iPlace was recently formed through the merger of ConsumerInfo.com and eNeighborhoods to form the leading personal information content and infomediary site on the Internet.

 

 N.E.T. (NWK) acquires Convergence Equipment

   *  Amount:         $1.5 million

   *  Terms:            100% cash

   *  Premium:        n/a

   *  Industry:        Performance Software

   *  Scorecard:      B-

FREMONT, May 4--N.E.T. (NWK), a supplier of networking solutions for competitive service providers, announced that it has acquired the assets of privately held Convergence Equipment Company from Global Communication Technologies, an emerging global service provider, for $1.5 million cash. Convergence Equipment Company designs and manufactures next generation IP telephony platforms. Included in the deal are the Convergence Equipment Company's engineering team, intellectual property, and a full-featured IP (internet protocol) voice switch.

 

 BAB Holdings (BAGL) to merge with Planet Zanett Corporate Incubator

   *  Amount:         Undisclosed

   *  Terms:            n/a

   *  Premium:        n/a

   *  Industry:        Financial services

   *  Scorecard:      F

CHICAGO, May 4--BAB Holdings (BAGL) announced it has entered into a merger agreement with Planet Zanett Corporate Incubator, one of the leading international Internet Incubators, headquartered in New York City's Silicon Alley. Planet Zanett is a multi-national corporation whose sole function is to incubate early stage companies focusing on Infrastructure, Wireless Applications, and Internet Solutions to industrial corporations worldwide.

 

 Alternate Marketing Networks (ALTM) acquires AdTrackMedia.com

   *  Amount:         Undisclosed

   *  Terms:            cash and stock

   *  Premium:        n/a

   *  Industry:        Advertising/Marketing

   *  Scorecard:      D+

GRAND RAPIDS, May 4--Alternate Marketing Networks (ALTM) announced it has acquired AdTrackMedia.com, an Internet advertising and marketing network, in the next major step to strengthen its online capabilities.

Grand Rapids, Mich.-based Alternate Marketing Networks said the deal, which was finalized for an undisclosed amount of cash and stock, will add online marketing, advertising and tracking capabilities to its portfolio of traditional offline marketing and sampling products.

 

 InfoCast (IFCC) acquires i360

   *  Amount:         $34 million

   *  Terms:            7,584,000 shares

   *  Premium:        n/a

   *  Industry:        E-commerce enablers

   *  Scorecard:      C

TORONTO, May 4--InfoCast (OTCBB: IFCC), an e-enabling application service provider, announced that it has signed a definitive Agreement and Plan of Merger with i360 inc., a Tucson-based aggregator of virtual communities through customized portals. The merger will give InfoCast access to i360's growing customer base of network marketing organizations and affinity groups.

The holders of i360's issued and outstanding common stock will be entitled to receive .30 shares of InfoCast common stock per share of i360 common stock (an aggregate of 7,584,000 shares of InfoCast common stock).