NEWS
biz.yahoo.com
Wednesday January 19, 7:10 am Eastern Time
Company Press Release
Ameri-First Financial Group in Negotiations with Wall Street NewsCast,
Inc.
NEW YORK--(BUSINESS WIRE)--Jan. 19, 2000--Ameri-First Financial Group (OTC BB: AMFR - news) announces today the Company has signed a
non-binding Letter of Intent to acquire New York based Wall Street NewsCast, Inc.
Wall Street NewsCast, Inc. is a privately held Financial Multimedia company based in New York City. The company's core business is operated through its widely
acclaimed web site at www.wallstreetnewscast.com.
The company offers a large venue of services for Public companies; some of which are online conferences, audio and video interviews as well as investor
demographics exposure. Wall Street NewsCast, Inc. will be entering the business to business market within the next fiscal quarter.
Dallas, Texas based Ameri-First Financial Group is a full service financial institution. The company is involved in diversified financial services and investment
banking. Ameri-First Financial Group is also owner of Ameri-First Securities, a member NASD and SIPC firm.
Jeffrey C. Bruteyn, CEO of Ameri-First Financial Group, stated, ``the acquisition of Wall Street NewsCast, Inc. will allow Ameri-First to build an Internet
presence and ultimately a stronger business model. We feel it's an opportunity for Ameri-First Financial Group to offer the public our services like IPO's, and public
secondary's through the use of the Internet and WSNC. We realize the market potential that Wall Street NewsCast, Inc. currently has; and we want to be part of
it. Our acquisition will allow Wall Street NewsCast, Inc. to expand its operational and marketing strength. Wall Street NewsCast, Inc. has built a track record of
visitors to their web site that is remarkable considering that the company has not committed any capital towards advertising since the inception of operations. We
are excited about the potential that the company will bring to Ameri-First Financial Group, and we look forward to finalizing a contract with the company.'
Currently, Wall Street NewsCast, Inc. through its web site -www.wallstreetnewscast.com- currently receives an average of 175 thousand unique visiting listeners
per day with page view hits averaging 800 thousand per day. The web site visiting demographics are 60 percent National and 40 percent International. The
majority of the viewers are individual investors but a growing portion of the viewers are institutional.
Both companies expect to come to terms on a contract within this first quarter of 2000.
Certain information included in this communication contains statements that are forward looking, such as statements relating to the future anticipated direction of the
industry, plans for future expansion, various business development activities, planned capital expenditures, future funding sources, anticipated sales growth and
potential contracts. These forward-looking statements are subject to a number of known and unknown risks and uncertainties that could cause actual operations or
results to differ materially from those anticipated.
Contact:
Ameri-First Financial Group
Jeffrey C. Bruteyn, CEO
214/599-9050
or
Wall Street NewsCast, Inc.
Thomas Bustamante, CEO
tom@wallstreetnewscast.net
212/625-9930
Regards,
TOPSTOCK |
