Bought MAWI on todays news, looks positive
SAN BRUNO, Calif., Sept. 22 /PRNewswire/ -- M&A West, Inc.
(OTC Bulletin Board: MAWI), a company that invests in and operates Internet
and technology companies, announced that it received a "4A1" rating from Dun &
Bradstreet, the highest credit rating for a company this size.
The Company recently announced 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 were 11,000,000.
Scott Kelly, President and CEO of M&A West, Inc., stated, "We are
extremely excited by the Dun and Bradstreet rating. It confirms the Company's
solid financial position and the rapid growth we have experienced and expect
that growth to continue."
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.
Dun & Bradstreet, a company of The Dun & Bradstreet Corporation, is the
world's leading provider of business-to-business credit, marketing and
purchasing information and receivables management services. The Dun &
Bradstreet Corporation also includes Moody's Investors Service, the leading
global provider of credit ratings, research, and analysis of debt instruments
and other securities for the capital markets. Based in Murray Hill, N.J., The
Dun & Bradstreet Corporation reported 1998 revenue of $1.93 billion and
employs approximately 12,500 people in 37 countries with majority-owned
company entities. Additional information about Dun & Bradstreet is available
at dnb.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.
Contact:
M&A West, Inc.
Rick West, Media Relations, 650-588-2678
rick@mawest.com
www.mawest.com
or
Promark, Inc.
Ken Lowman, President, 215-413-0931
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