GlobalNetFinancial.com (GLBN) and Telescan (TSCN) end merger talks

   *  Amount:         Undisclosed

   *  Terms:            n/a

   *  Premium:        n/a

   *  Industry:        Financial services

   *  Scorecard:      n/a

SANTA MONICA, Sept. 26--GlobalNetFinancial.com and Telescan announced they have terminated their proposed merger transaction. A joint statement said, "Both GlobalNetFinancial and Telescan possess core strengths that will enable each company to separately pursue its respective growth strategies, which we have mutually agreed is in the best interests of our respective companies and shareholders."

 

 Predictive Systems (PRDS) to acquire Synet Service

   *  Amount:         $42.4 million

   *  Terms:            2.2 million shares/$9 million cash

   *  Premium:        n/a

   *  Industry:        Consultants/Designers

   *  Scorecard:      B

NEW YORK, Sept. 26--Predictive Systems, a network infrastructure consulting firm, announced it has entered into a definitive agreement to acquire Synet Service Corporation, a Minneapolis-based consulting firm that helps companies optimize the availability and reliability of their e-business applications and network infrastructure. The Synet acquisition is expected to enable Predictive Systems to continue on its course to becoming a dominant player in the network infrastructure space by providing solutions that deliver business-based results to customers. The deal is valued at approximately $42.4 million with Predictive issuing 2,205,331 shares of its common stock and $9 million in cash.

 

 RMI.NET (RMII) acquires LanMinds

   *  Amount:         Undisclosed

   *  Terms:            n/a

   *  Premium:        n/a

   *  Industry:        Internet services

   *  Scorecard:      C

DENVER, Sept. 26--RMI.NET, a national Web solutions/e-commerce and connectivity company, announced that it has acquired LanMinds, a business-focused Internet connectivity and Web solutions provider based in Berkeley, California. Merging LanMinds into RMI.NET is expected to create value for RMI.NET's shareholders in three key ways: first, the LanMinds management team will help maximize the performance of RMI.NET's existing assets; second, RMI.NET will gain entry into the Japanese market; and third, LanMinds will accelerate the company toward its goal of EBITDA neutrality in December 2000. Terms of the transaction were not disclosed.

 

 Sonicport.com (SPO) to acquire US Dataworks

   *  Amount:         $11 million

   *  Terms:            100% stock

   *  Premium:        n/a

   *  Industry:        Performance software

   *  Scorecard:      C+

SANTA MONICA, Sept. 26--Sonicport.com announced that it has signed a definitive agreement to acquire US Dataworks, a privately held Houston, Texas-based developer of transaction processing software serving financial institutions and large remittance processors. Sonicport.com, an application service provider specializing in integrating transaction-processing software with broadband hosting, technical support and customer service, will acquire US Dataworks in a stock transaction valued at approximately $11 million.

 

 AudioMonster Online (AMMQ) to merge with Lockwave

   *  Amount:         Undisclosed

   *  Terms:            n/a

   *  Premium:        n/a

   *  Industry:        Internet services

   *  Scorecard:      C

COMMACK, N.Y., Sept. 26--AudioMonster Online announced that it has signed an agreement to merge with Lockwave, a Delaware corporation with head offices in New York. Lockwave has developed technologies and a unique business model that incorporates virtual storage and a dynamic MP3 player into a robust, end-to-end interactive Web-based traveling application that requires no downloads or plug-ins. Terms of the acquisition were not disclosed.

 

 NetNation Communications (NNCI) to acquire American Digital Network

   *  Amount:         $5 million

   *  Terms:            2.25 million shares

   *  Premium:        n/a

   *  Industry:        Internet services

   *  Scorecard:      B

VANCOUVER, B.C., Sept. 26--NetNation Communications , a global Web site hosting company, domain name registrar (DNR) and application service provider (ASP), announced that it has entered into a non-binding letter of intent to acquire privately held American Digital Network, an e-commerce and Web site hosting company, for 2.25 million common shares of NetNation. The American Digital Network acquisition is expected to give NetNation an established network operations center, saving both time and expense of building its own data center in California.