WAMX email blast just received:
Spotlight: Wamex Holdings, Inc
CORPORATE SUMMARY
Trading symbol: OTC-BB: WAMX
Website: wamx.com
Number of shares outstanding: 116,000,000
Close price (05/03/2000) $ 2.50
Estimated Float: 29,000,000
Wamex Holdings, Inc is an innovative company on the leading edge of
investing based in New York. Formed in 1998, the company has developed a
revolutionary web-based trading platform aimed at providing individual
investors with a low cost and effective way to trade stocks. The Wamex
ATS, a database management system, allows investors and institutions to
circumvent the broker-dealer networks and trade directly with each other.
This product will eventually be combined with the alternative listing
system (ALS) being set up by the company on the internet.
The ATS software is the centerpiece of the company. The avoidance of
multiple layers of intermediaries allows for lower transaction costs and
investors can tailor their trading parameters to fit their individual
needs. The trade order is simply entered into the computer and it is
automatically matched with corresponding buy or sell orders from other
investors. There are no brokers or dealers involved, as trading is
directly investor-to-investor. This creates a faster and more efficient
marketplace and lets the investor, not the broker, decide the price at
which they buy or sell shares. The company plans to launch its new service
on July 4, 2000.
The company has been constantly improving their ability to provide this
service in several ways. The recent inflow of $6.9mn in capital from a
private investor should do much to further the rollout of their innovative
trading software.
The introduction of their corporate website, wamx.com, in April
allows investors even more access to information regarding new and existing
products from the company, as well as providing a comprehensive view of the
company.
Wamex has several subsidiaries crucial to its core business. Wamex 3D will
handle the technological aspects of the new ATS service and Wamex, Inc will
control the day-to-day operations of the new service. Both are slated to
launch operations in June 2000. Instox, Inc is an inactive subsidiary,
which will be merging with Niphix, Inc, which is also owned by Wamex
Holdings.
Niphix, Inc runs an alternative listing system (ALS). This online market
allows companies to list directly online instead of going onto some of the
more traditional exchanges to raise funds. Most companies on these
exchanges are generally small and higher risk ventures that were unwilling
or unable to get the necessary approval for listing on the traditional
exchanges. The company was acquired in March 2000 in order to accelerate
Wamex Holding's creation of an ALS.
The company expects the recent moves will reap significant benefits for
both the company and investors. The ATS software is built to allow for
easy and comprehensive upgrades. The company's strong technical expertise
and highly qualified management place the company in a good position to
perform well.
Disclaimer:
The companies profiled herein are small or micro capitalization companies,
which, in the opinion of The Stockpage, have investment potential. However,
investments in these companies should be considered very high risk
investments and only sophisticated investors with very high risk tolerances
should consider investing in these companies. This opinion as well as the
information and projections contained in this report are based on factual
information, assumptions, hypotheses, projections and theories provided by
management of the companies profiled and other sources of information,
which The Stockpage considers reliable, but without independent
verification by any representative of The Stockpage. Factual information is
provided as of a specified date and may have changed from that date to the
present. Projected results may vary widely and The Stockpage gives no
warranty or assurances as to the performance of the securities or their
marketability or liquidity. The Stockpage may but is under no obligation to
provide limited follow-up information concerning the companies profiled and
may discontinue providing further information without notice. The Stockpage
disclaims responsibility for any false, misleading or deceptive information
contained in this report or in any follow-up reports unless made with the
full knowledge of The Stockpage. The Stockpage and its affiliates may
provide promotional and marketing advice or consulting services to the
companies profiled and may receive compensation in the form of cash and
securities from such companies and consequently may be considered to have a
conflict of interest. The Stockpage has received fifteen thousand dollars
from Market Surveys International for investor relations and marketing
services on behalf of Wamex Holdings Inc. The Stockpage is not a registered
adviser or registered dealer of securities and is not authorized to sell or
solicit offers to purchase or trade in securities in any jurisdiction where
the securities of the companies profiled are permitted to trade. This is
not intended to be a solicitation for the sale of securities, nor is it
intended as a recommendation to buy, sell or hold securities. All trading
in the securities of the companies profiled should be transacted through
qualified dealers only with appropriate accompanying disclosures after
consultation with professional qualified advisors. |
