The whole Ameritrade aspect is very interesting:
Concorde Strategies Group, Inc. Makes Announcement
NEW YORK--(BUSINESS WIRE)--June 11, 1999--As previously announced, Concorde Strategies Group, Inc. (OTCBB: CSGG and OTCBB: CSGGP) has recently entered into a formal Agreement and Plan of Share Exchange with W3 Group, Inc. whereby Concorde will acquire 100 percent of the capital stock of W3 in exchange for shares of Concorde's Common Stock, subject to approval by shareholders. W3 is a privately held corporation formed this year to serve as an incubator to acquire and develop young companies whose businesses involve the development of Internet related technology.
Today, W3 Group, Inc. announced a senior management appointment - Mr. P. Richard Sirbu as Chairman and Chief Executive Officer, who brings over 30 years of management and technology experience to the company.
P. Richard Sirbu as Chairman and Chief Executive Officer
Mr. Sirbu has a strong track record of building profitable companies and emerging technologies. His many strengths include the ability to develop comprehensive strategic and tactical directions and implement plans for results, analyze and solve complex problems, organizational development, and a bottom-line orientation.
Previously, Mr. Sirbu was President of On Money Financial Service Corp. a subsidiary of AmeriTrade Holding Corporation. Mr. Sirbu initiated and sold Internet based programs to firms that provided for the launch with access to 25 million consumers.
Mr. Sirbu was also President of AmeriTrade Clearing, Inc., a subsidiary of AmeriTrade Holding Corporation, and created the first Internet ''financial services mall'' for financial professionals. He created a new strategic direction for the company that resulted in a very significant reduction of corporate asset risk, a six fold increase in customer accounts, and a substantial increase in pre-tax profits. He created and managed a staff of 500 technology, marketing and finance personnel.
With international experience spanning 38 countries, Mr. Sirbu's background includes industries such as the Internet, Computer, Telecommunications, Office Automation and Manufacturing. He has been involved with the public offering of several companies, and turn-around and start-up situations. Mr. Sirbu previously held positions as President of SFI, Divisional Director of Tenex Corporation, and President of Datawave, Inc.
This press release contains forward-looking statements that involve a number of risks and uncertainties. The Agreement and Plan of Share Exchange transaction is subject to the satisfaction of certain conditions, some of which are outside the Company's control. Accordingly, there can be no assurances that the transaction will be completed. Other factors could cause actual results to differ materially from those reflected in forward-looking statements made from time to time in news releases, reports, proxy statements, registration statements and other written communications, as well as oral statements made from time to time by representatives of the Company.
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Contact:
Concorde Strategies Group, Inc.
Shareholder Relations
212/317-0060 |
