425 1 g68316e425.txt ON-SITE SOURCING, INC. / U.S. TECHNOLOGIES, INC. 1 FILED BY U.S. TECHNOLOGIES INC. PURSUANT TO RULE 425 UNDER THE SECURITIES ACT OF 1933 AND DEEMED FILED PURSUANT TO RULE 14A-12 UNDER THE SECURITIES EXCHANGE ACT OF 1934 SUBJECT COMPANY: ON-SITE SOURCING, INC. (COMMISSION FILE NO. 0-20947) FOR IMMEDIATE RELEASE - APRIL, ____, 2001 FOR MORE INFORMATION On-Site Sourcing - www.onss.com U.S. Technologies Inc. - www.usxx.com Jason Parikh, CFO, jparikh@onss.com Holly Moskerintz, Communication, holly m@usxx.com 703-276-1123 Dana Rochelle, Investor Relations, drochelle@usxx.com 202-466-3100
ON-SITE SOURCING AND U.S. TECHNOLOGIES TERMINATE AGREEMENT COMPANIES DISCUSSING POSSIBLE NEW TERMS Washington, D.C. (April, __, 2001) - On-Site Sourcing (NASDAQ Small Cap: ONSS) and U.S. Technologies Inc. (NASDAQ BB: USXX) announced today their merger agreement has been terminated. The companies also stated that they are discussing new terms for a possible merger. The September merger agreement permitted termination after March 31, 2001 if the merger had not closed. ON-SITE SOURCING On-Site Sourcing provides digital imaging, document management, litigation reprographics services, offset printing, and facilities management throughout the East Coast. On-Site's clients include law firms, corporations, non-profit organizations, accounting firms, financial institutions and other organizations. On-Site currently operates in the New York City, Washington, D.C., Atlanta, Philadelphia and Baltimore markets. U.S. TECHNOLOGIES INC. U.S. Technologies Inc. funds and manages early stage and emerging growth technology companies. The company's strategic focus is to integrate the new technologies of its associated companies with the established business practices of traditional enterprises. U.S. Technologies believes this strategy will provide new business and growth opportunities to traditional businesses and accelerate the growth and success of its associated companies. THIS RELEASE CONTAINS "FORWARD LOOKING STATEMENTS" CONCERNING A PROSPECTIVE ACQUISITION AND PROSPECTS FOR SUCH ACQUISITION. ACTUAL DEVELOPMENTS AND RESULTS MAY DIFFER MATERIALLY FROM EXPECTATIONS. THERE CAN BE NO ASSURANCE THAT SUCH ACQUISITION WILL OCCUR, OR AS TO THE FINAL TERMS FOR SUCH ACQUISITION IF IT OCCURS. U.S. TECHNOLOGIES' ASSETS AND OPERATIONS, INCLUDING RESULTS OF OPERATIONS, WOULD BE AFFECTED MATERIALLY BY EITHER THE COMPLETION OR TERMINATION OF SUCH ACQUISITION. THIS NOTICE IS NOT INTENDED TO CONSTITUTE AN OFFER TO SELL OR AN OFFER TO BUY ANY SECURITIES. ANY SECURITIES TO BE ISSUED PURSUANT TO THE PROPOSED MERGER DESCRIBED IN THIS PRESS RELEASE WILL BE ISSUED PURSUANT TO THE APPLICABLE PROVISIONS OF THE SECURITIES ACT OF 1933. INVESTORS ARE URGED TO READ THE RELEVANT DOCUMENTS TO BE FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, WHICH WILL CONTAIN IMPORTANT INFORMATION ABOUT THE TRANSACTION. INVESTORS CAN OBTAIN ANY DOCUMENT FILED WITH THE COMMISSION FOR FREE AT THE COMMISSION'S WEB SITE AT HTTP://WWW.SEC.GOV.