By Justin Madubuko, 14 August 2001 11:50
NEWS Online currency provider Flooz.com is seeking to resume business through a merger, even though it has shut down operations. The company is in discussions with a number of companies to create a stronger operation in the current economic climate. It is not yet known which companies are involved in the discussions, but, with the economic condition the way it is, it would take a brave organisation to take on Flooz.com's liabilities. According to analysts, the company's customer database will most likely be the only asset left of any value. Customers are still looking for ways to spend their remaining Flooz currency, but have been faced with a static message on Flooz.com, which states: "We are currently unable to process your transaction. We are working very hard to resume Flooz.com website operations. Check back for further updates." Earlier this year, alternative online currency provider Beenz.com had to lay-off staff after it failed to hit its revenue targets. The company is also actively looking for partners, but has yet to make an announcement.
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