WIZZF related news.
NEW YORK, Apr 14, 2000 /PRNewswire via COMTEX/ -- WatchOut!, Inc. (OTC Bulletin
Board: WTCH), an emerging telecommunications and technology company incubator,
announced today that they have entered into an agreement with the prestigious
firm of Sands Brothers & Co. to handle the Company's investment banking needs,
acquisitions strategy, as well as associations and alliances. Kevin Waltzer, CEO
of WatchOut! (www.ewatchout.com) states, "This is just another step in our
journey to aggressively pursue and acquire companies with small valuations and
great potential. We still remain steadfast in our belief that we are forming a
very similar strategic plan to that of the very successful CMGI Holdings."
Sands Brothers & Co., Ltd. (http://www.sandsbros.com/site/homepage.nsf) provides
a full range of investment services principally to high net worth individuals,
institutional money managers and corporations (both public and private). In
addition to over 250 account executives, Sands Brothers & Co., Ltd.'s staff
includes research professionals, corporate finance professionals, an
institutional sales group, as well as syndicate and trading departments. Sands
Brothers Asset Management, LLC. is a Registered Investment Advisor with the
Securities & Exchange Commission specializing in fee and performance based asset
management. Sands Brothers Asset Management is affiliated, through common
ownership, with Sands Brothers & Co., Ltd., a NYSE member firm specializing in
investment banking and securities brokerage.
By offering a broad array of investment alternatives, Sands Brothers brings
enhanced value to each investor, tailored to his or her chosen strategy.
Entrusted with more than 10,000 clients and over $2 billion under management,
Sands Brothers & Co., Ltd. has earned a premier reputation as counselor and
advocate for informed, committed investors.
Sands Brothers' success has been driven by its value-growth philosophy of
targeting high growth industries and isolating those companies within the
industries that they believe may be under-valued or under-appreciated by Wall
Street. They seek out companies whose stock prices are low in relation to their
long-term earnings power, or whose assets are worth considerably more than their
current market valuation would imply.
Sands Brothers is a member of:
-- The New York Stock Exchange (NYSE)
-- The National Association of Securities Dealers (NASD)
-- The Securities Investor Protection Corporation (SIPC)
-- The Municipal Securities Rulemaking Board (MSRB)
-- The Securities Industry Association (SIA)
-- Registered in all 50 states, the District of Columbia, and Puerto Rico
-- SEC Registered Investment Advisor
In recent company developments, Watchout! Inc. announced:
* They have acquired a major ownership interest in Micromatix.net.
Micromatix.net (http://www.micromatix.net/) builds custom
configured computers, desktop servers and notebooks using
industry standard, branded components for value-added resellers.
Micromatix.net systems are aggressively priced, and provide
superior customer service. Management of Micromatix.net believes
the Company should generate close to $50 million in sales within
the year.
* WatchOut! Inc. announced that it has entered into a strategic
alliance with WSi Interactive (OTC Bulletin Board: WIZZF) to
expand their Broadband Communications Systems. The 15.5 million
people who populate the Canadian portion of the service network
represent 51% of the total population of Canada. By having an
exclusive right to the dark fibers in these regions, WSi and
WatchOut! will be two of the leaders in the Broadband
Communications revolution in Canada.
* WatchOut, Inc. announced that they have signed a binding contract
to acquire MJAC, Inc., a Baltimore based Telecommunications
Company. This acquisition continues WatchOut's! movement into the
high-tech Broadband Telecommunications Industry. MJAC Inc., owns
the exclusive rights for Broadband Telecommunications System for
the greater Washington DC area, and six adjoining counties, which
is part of a much greater system throughout most of the U. S. and
Canada.
* WatchOut!, Inc. acquired controlling ownership interest in
WirelessON.com.
WirelessON is a pioneer in bi-directional wireless T-1 systems.
The Company has secured access to tier one backbone fiber across
Canada from a leading fiber supplier on a scalable basis along
with strategic real estate access. WirelessON sets up a POP
(point of presence) at strategic locations within key business
districts and provides T-1 and higher data lines at a fraction of
the Telco's cost to office buildings that are not connected by
fiber. The company plans to roll out nationally and provide, at
T-1 speeds, a VPN across Canada. WirelessOn.com has signed many
agreements in recent months to provide Wireless Internet Access
Services. The companies they have signed agreements with
include; Brewers Retail Inc. (the largest retail beer store chain
in Canada), Ring Telecom, Astragal Inc., and the prestigious firm
of Deloitte and Touche.
For further info. please contact Brad Maxwell at M.Johnson and Associates at
1-877-893-8668 or www.mjohnson.qpg.com
This press release contains forward-looking information within the meaning of
section 27A of the Securities Act of 1933 and section 21E of the Securities
Exchange Act of 1934 and is subject to the Safe Harbor created by those
sections. This material contains statements about expected future events and/or
financial results that are forward-looking in nature and subject to risks and
uncertainties. For those statements, the Company claims the protection of the
safe harbor for forward-looking statements provisions contained in the Private
Securities Litigation Reform Act of 1995 and any amendments thereto. Such
forward-looking statements by definition involve risks, uncertainties and other
factors which may cause the actual results, performance or achievements of the
Company to be materially different from the future results, performance or
achievements expressed or implied by such forward-looking statements. In
particular, there is no assurance that reserves, production, pricing levels or
other factors pertaining to the manufacturing and retail operations will be
sustained at the expected rates or levels over time. Discussions of factors,
which may affect future results, are contained in the Company's most recent
filings. Under no circumstances does this press release constitute an offer to
sell or a solicitation of an offer to buy the securities of the Company
described in this press release in which such offer, solicitation or sale of
securities would be unlawful prior to registration, qualification or filing
under the securities laws of any jurisdiction.
SOURCE WatchOut!, Inc.
(C) 2000 PR Newswire. All rights reserved.
prnewswire.com
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CONTACT: Brad Maxwell of M.Johnson and Associates, 877-893-8668
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