I think this old NR is what's sparking the interest in WWDE.
WWDE = NOT A BUY RECO...COULD GO BACK TO 3c..
Article for Worldwide Equipment Corp (OTC BB:WWDE) 12:08 PM
Aro of America Buys Internet Access Provider; Worldwide Equipment Corp. Sells International Tractor Subsidiary
TUESDAY, SEPTEMBER 28, 1999 12:08 PM
- BusinessWire
ARDSLEY, N.Y., Sep 28,1999 (BUSINESS WIRE) -- 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 www.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.
"Safe Harbor" Statement Except for the historical information contained herein, certain of the matters discussed in this press release are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995, which involve certain risks and uncertainties, including but not limited to, changes in general economic conditions, material prices , labor costs, interest rates, consumer confidence, competition, environmental factors, and governmental regulations affecting the company's operations.
Copyright (C) 1999 Business Wire. All rights reserved.
Distributed via COMTEX.
-0-
CONTACT: Worldwide Equipment Corp., Ardsley
Mitchell Hymowitz, C.F.O., 914/693-0300
WEB PAGE: businesswire.com
GEOGRAPHY: NEW YORK
INDUSTRY CODE: COMED
INTERACTIVE/MULTIMEDIA/INTERNET
MERGERS/ACQ
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