WWDE - to give an idea what's coming - read the old news :-)) Aro of America Buys Internet Access Provider; Worldwide Equipment Corp. Sells
International Tractor Subsidiary
Business Editors/Technology Writers
ARDSLEY, N.Y.--(BUSINESS WIRE)--Sept. 28,1999--Worldwide
Equipment Corp. (OTC BB:WWDE) today announced the purchase of Best
Rate International, Inc., a provider of Internet access, by its
partially-owned subsidiary, Aro of America, Inc.
The company said Aro of America has signed a definitive agreement
to purchase 100% of Best Rate International, Inc., a master
distributor of Freewwweb, a provider of free Internet access.
Freewwweb has approximately 100,000 subscribers in North America and
Canada currently using its Freewwweb. Best Rate's website is
bestratenow.com.
Also announced by Worldwide Equipment Corp. was the sale of its
subsidiary International Tractor Co. to its president. Terms of the
sale were not disclosed. International Tractor is expected to report
losses for the third consecutive year.
"The purchase of Best Rate International, Inc. is a change in
direction for the company, providing an opportunity to participate in
the exciting and ever-expanding Internet commerce business and its
growth potential," stated Mitchell Hymowitz, Interim president of
Worldwide Equipment Corp and Aro of America,Inc. |
