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Talk : Web/Info : M&A West, Inc. (OTCBB:MAWI)
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To: dudedudedude (0 )
From: AlHamilton Sunday, Sep 19 1999 1:52PM ET
Reply # of 21
M&A West, Inc. to Report First Quarter, Fiscal 2000 Earnings of $0.18 Per Share
SAN BRUNO, Calif.--(BUSINESS WIRE)--Sept. 16, 1999--M&A West, Inc. (OTC BB:MAWI) announced that it expects to report earnings of $.18 per share for the quarter ended August 31, 1999.
The Company expects to file its 10-Q for the quarter within before the end of the month.
First quarter revenues were $3,458,202. As a result, fully-diluted earnings per share for the quarter was $0.179.
Net income for the quarter ended August 31, 1999 was $1,973,721. Total number of shares outstanding was 11,000,000.
Scott Kelly, President and CEO of M&A West, Inc., stated, ''We are extremely excited by the rapid growth we have experienced and expect that growth to continue. In addition to our increases in revenues and profits, our shareholders equity has more than tripled from last quarter.'
M&A West, Inc. develops, invests in, and operates Internet and technology-related companies. M&A West, Inc.'s strategy includes the internal development and operation of majority owned subsidiaries within the ''M&A West, Inc. family,' as well as the investment in other Internet companies, either directly by M&A West, Inc. or through other venture capital arrangements.
The Company's strategy also envisions and promotes opportunities for synergistic business relationships among the Internet companies within its portfolio. M&A West, Inc. has capitalized and hopes to continue to capitalize on its position as a seed round Internet startup investor.
For more information about M&A West, Inc., please visit www.mawest.com.
Safe Harbor: Certain statements in this press release, including statements regarding the anticipated development and expansion of the Company's business, and the intent, belief or current expectations of the Company, its directors or its officers, are ''forward-looking' statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements.
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