M&A West, Inc. to Establish Linux Development Division
Business Editors & High-tech Writers
SAN BRUNO, Calif.--(BUSINESS WIRE)--Dec. 9, 1999--M&A West, Inc.
(OTC BB: MAWI), a company that develops, invests in and operates
Internet and technology-related companies, announced today that it
intends to establish the division, Linux Funding to pursue the
investment and development opportunities in this industry.
As its first investment for the Linux Development division, M&A
West, Inc. currently owns one million shares of Openexpress.com, Inc.
OpenExpress is developing open source products and services for
the increasingly popular Linux desktop and for the 200 million Windows
users through its Web site, www.openexpress.com. OpenExpress.com,
Inc.'s InSync(TM) system is a family of utilities and applications
with the built-in ability to store important data, bookmarks, E-mail
and addresses both at the client and at remote locations accessible
from the Web.
The Open Source phenomenon has been gaining widespread support
across the technology industry with the recent sponsorship of major
market competitors such as Red Hat (NASDAQ: RHAT), Andover.net
(NASDAQ: ANDN) and VA Linux Systems (NASDAQ: LNUX) among others.
M&A West, Inc. has four primary business objectives. The first is
to become a meaningful player in the acquisition and development of
Internet and technology companies. The second is to provide seed
capital to newly-emerging Internet companies. The third is to provide
a full line of business services to emerging micro-cap and small-cap
companies to increase awareness of their business. The fourth is to
create and grow offshoot Internet-related companies under the M&A
West, Inc. umbrella.
M&A West, Inc.'s current investments include:
Online venture capital portal VentureList.com
(www.venturelist.com), E-commerce and Web development company Digital
Bridge, Inc. (www.digitalbridge.com), online gaming portal
VirtualWagering.com, Inc. (www.virtualwagering.com), online jewelry
retailer, CrazyJewelry.com (www.crazyjewelry.com) and online grocery
provider VirtualGroceries.com, Inc. (www.virtualgroceries.com).
For more information on M&A West, Inc. please visit
www.mawest.com.
Statements regarding financial matters in this press release
other than historical facts are "forward-looking statements" within
the meaning of Section 27A of the Securities Act of 1933, Section 21E
of the Securities Exchange Act of 1934, and as that term is defined in
the Private Securities Litigation Reform Act of 1995. The Company
intends that such statements about the Company's future expectations,
including future revenues and earnings, and all other forward-looking
statements be subject to the safe harbors created thereby. Since these
statements (future operational results and sales) involve risks and
uncertainties and are subject to change at any time, the Company's
actual results may differ materially from expected results.
--30--gdr/sf*
CONTACT: M&A West, Inc.
John Duran 650/588-2678 (Investor Relations)
John@mawest.com
Rick West 650/588-2678 (Media Relations)
Rick@mawest.com
or
Murdock Capital Partners
Thomas M. Dean/Edward G. Jones, Jr., 212/421-2545
|
