**NEWS**
September 29, 1999 06:16
Ben Ezra, Weinstein and Company, Inc. to Issue Shares In Three Spin-Off Companies October 15, 1999
ALBUQUERQUE, N.M., Sept. 29 /PRNewswire/ -- Ben Ezra, Weinstein and Company, Inc. (OTC Bulletin Board: BNEZ), today announced that shares in three spin-off companies will be issued on October 15, 1999 for shareholders of record on July 24, 1999. BNEZ shareholders will be issued one common share of each new company for every ten shares of BNEZ common stock held on the record date.
The three companies, NetStrat, Inc. (Cusip # 64116G 10 1), Int. Thoughts, Inc., (Cusip # 45810G 10 9) and Amer Software, Inc. (Cusip # 02351R 10 1) are all Nevada corporations and are based in New Mexico, said BNEZ President Jack Ben Ezra. "All three companies are utilizing products and services acquired from the parent company," said Michael Weinstein, Chief Operating Officer of BNEZ. "We believe that shareholders will receive optimal value by the creation of these new companies," added Ben Ezra.
Each of the corporations has prepared or is in the process of preparing Form 10-SB for submission to the Securities Exchange Commission. Management's goal is to have all three companies, along with a previous spin-off company, Compass Data Systems, Inc., listed as reporting OTC Bulletin Board entities before year's end.
"On October 1, 1999 trading of BNEZ shares will be moved to the pink sheets," said Ben Ezra. "In some ways this is a disadvantage for shareholders even though some pink sheet companies trade in the tens or even hundreds of thousands of shares a day. In other ways, a pink sheet listing can be an advantage because it lessens the paperwork required for acquisition. Three software products, CapScape, Private Placement Master and Personal Market Analyst have remained with BNEZ. We have a plan in mind for the software, but the successful completion of all four spin-offs is our paramount concern," added Ben Ezra.
Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future, and accordingly, such results may differ from those expressed in any forward-looking statements made on or on behalf of Ben Ezra, Weinstein and Company, Inc.
SOURCE Ben Ezra, Weinstein and Company, Inc.
/CONTACT: Jack Ben Ezra, CEO of Ben Ezra Weinstein and Company, Inc.,
505-880-9799/
-- Hungry |
