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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: Jane4IceCream who wrote (77832)	12/13/1999 8:24:00 AM
From: kfdkfd	Read Replies (2) of 90042

2 or 3 days ago I alerted everyone to Galaxy, NOTE what happened today, Stock was 3+ when mentioned Netgateway to Acquire Galaxy Enterprises, Inc. - Companies Agree to $50 million Acquisition - LONG BEACH, Calif., and OREM, Utah, Dec. 13 /PRNewswire/ -- Netgateway, Inc. (Nasdaq: NGWY - news), and Galaxy Enterprises, Inc. (OTC Bulletin Board: GLXY - news), today jointly announced the signing of a binding letter of intent under which Netgateway will acquire Galaxy Enterprises, Inc. Galaxy operates its business through two wholly owned subsidiaries, Galaxy Mall, Inc. and Impact Media, Inc. Under the terms of the letter of intent, Netgateway will acquire Galaxy Enterprises, Inc. for approximately 5 million shares with a value of approximately $50 million in an all-stock merger. Through the first nine months of 1999 Galaxy Mall and Impact Media reported combined revenues of $14.4 million. Galaxy generated revenue of $11.4 million in 1998, up from $2.5 million in 1997.

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