LOVELAND, Colo.--(BUSINESS WIRE)--Nov. 10, 1999--Mach One
Corporation (OCTBB:MACH) announced today that it has acquired Austin
Helix, Inc. of Dallas, Texas.
Pursuant to the terms, Mach One issued 450,000 shares of
restricted common stock and cash for 100 percent of the assets
(primarily U.S. Patents, trade secrets and design specifications) of
Austin Helix, Inc. Mach One currently has approximately 6.8 million
shares outstanding.
Austin Helix developed and manufactures a novel and improved
adjusting mechanism for open-end wrenches of the crescent type. "This
acquisition is another step in our overall plan to deliver state of
the art automotive and road safety products to the consumer," said
Gregory Kaiser, President of Mach One.
"This is an exciting addition to our existing product line,"
which includes Mach One XL Oil Fortifier for gas/diesel, two (2)
stroke and marine engines, Mach One Fuel Additive, Mach One Nut Buster
all purpose lubricant and the Mach One Emergency Road Kit (which
includes 10 ft. battery jumper cables with LED test probe, roadside
flashing strobe, six way screwdriver and now the Helix slide
adjustable open-ended wrench).
About Mach One
Mach One was established in 1994 as a division of Advanced
Marketing Analysis. The primary focus of Mach One is to assist
owners/developers of new product ideas with market analysis of their
product from marketing to production to distribution at the consumer
level.
Once the potential of the product has been determined to be
favorable, Mach One will sign an exclusive marketing agreement. From
here Mach One's marketing team will begin developing production
schedules, identifying all markets where these products can be sold
and setting up through our associate agents the necessary national
and or international distribution network.
To learn more about Mach One, contact Gregory Kaiser at
970/669-5292 or via e-mail: mach1@verinet.com.
The Private Securities Litigation Reform Act of 1995 provides a
"safe harbor" for forward-looking statements. Certain information
included in this press release (as well as information included in
oral statements or other written statements made or to be made by Mach
One Corporation) contains statements that are forward looking, such as
plans for future expansion, various business development activities,
planned capital expenditures, future funding sources, anticipated
sales growth and potential contracts. Such forward looking information
involves risks and uncertainties that could significantly affect
anticipated results in the future and, accordingly, such results may
differ from those expressed in any forward-looking statements made by
or on behalf of Mach One Corporation. These risks and uncertainties
include, but are not limited to, those relating to development and
expansion activities, dependence on existing management, financing
activities, domestic and global economic conditions, changes in
federal or state tax laws and market competition factors.
--30--jb/sf* dc/rb/sf
CONTACT: Mach One Corporation
Gregory Kaiser, 970/669-5292
mach1@verinet.com
KEYWORD: COLORADO
INDUSTRY KEYWORD: AUTOMOTIVE MERGERS/ACQ
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