WAMEX Holdings' Subsidiary NIPHIX To Accept Corporate Listings as an Alternative Market for Investors
NEW YORK--(BUSINESS WIRE)--April 11, 2000--WAMEX Holdings, Inc. (OTC BB:WAMX), an internet and technology company dedicated to creating and dominating an efficient alternative market and exchange for individual and institutional investors, today announced that the Company has begun to initiate a program for its subsidiary NIPHIX in which NIPHIX would accept certain corporations for trading on alternative markets.
Chairman and CEO, Mitchell H. Cushing, stated, "We are in the process of preparing NIPHIX to operate with substantially increased listing and trading capabilities. Upon the potential successful consummation of transactions involving listing providers for the NIPHIX ALS, we are preparing NIPHIX to receive applications for approximately 1000 - 2000 corporations over the next eighteen month period.
"We are extremely enthused at the potential domestic and international exposure that these listings will bring to NIPHIX as well as the capital market that could result. WAMEX is in the final stages of developing the requisite compliance infrastructure to monitor the quality and activities of the companies that are expected to be listed on NIPHIX," Cushing concluded.
The WAMEX lead product, the WAMEX Alternative Trading System (ATS), addresses one of the largest and most active industries worldwide. The proprietary system enables a community of self-empowered investors to consummate transactions more efficiently and at a lower cost.
Safe Harbor Statement: This release may contain certain forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995. Actual events or results may differ from the Company's expectations.
CONTACT: DeMonte Associates, New York
Cynthia DeMonte, 212/473-3700 |
