NXPS Nexprise Inc (CE)

CARLSBAD, Calif., Jan. 18, 2011 /PRNewswire/ -- NexPrise, Inc. (Pink Sheets: NXPS), a leading provider of cloud-based Enterprise Content Management (ECM) solutions, and Trubiquity, a leading provider of global software and solutions for the management, integration, and automation of data flow between customers and their partners, today announced the execution of an asset purchase agreement whereby Trubiquity intends to purchase substantially all the assets of NexPrise, which includes its WebSpace and InfoPrise assets. NexPrise intends to seek Court approval of the transfer of the purchased assets to Trubiquity in accordance with section 363 of title 11 of the United States Code.

About NexPrise Inc

NexPrise, Inc. is a leading provider of cloud-based Enterprise Content Management (ECM) solutions designed to help companies better manage mission critical documents, automate manual business processes, and collaborate securely with remote partners, suppliers and customers. Global content contributors access WebSpace to create and share documents and data, manage project tasks, and participate in formal electronic approval processes. Flexible deployment models give WebSpace customers the option to host their own private cloud communities, or to leverage the economic benefits of our on-demand software as a service (SaaS).

About Trubiquity

Trubiquity is a leading provider of global software and solutions for the management, integration, and automation of data flow between our customers and their partners. Headquartered in Troy, Michigan, United States, with offices in Germany, the United Kingdom, and Japan, and along with more than 30 resellers globally, Trubiquity delivers managed file transfer (MFT), collaboration, and process integration solutions for more than 20,000 users worldwide in the Aerospace, Manufacturing, Consumer Goods, Healthcare, and Retail marketplaces.

Safe Harbor Statement

This Press Release may contain forward-looking statements. "Forward-looking statements," defined in Private Securities Litigation Reform Act of 1995, may be included in this press release. These statements relate to future events and/or our future financial performance. These statements are predictions and may differ materially from actual future events or results. NexPrise, Inc. disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise.

SOURCE NexPrise, Inc.