WAMEX Successfully Consummates Acquisition of NIPHIX
NEW YORK--(BUSINESS WIRE)--March 14, 2000--WAMEX Holdings, Inc. (OTC BB:WAMX), an internet and technology company dedicated to creating and dominating an efficient alternative market and exchange for individual and institutional investors, today announced that the Company has successfully completed the acquisition of NIPHIX.
Mitchell H. Cushing, Chairman and CEO stated, "We are proud to announce that WAMEX completed the acquisition of an industry leader and pioneer in Internet ATS operations with an outstanding record of industry compliance and customer service. This acquisition represents an important step in the progress of our deployment of the world's first ATS."
Nimish Gandhi, President of NIPHIX, added, "We are extremely excited in joining with WAMEX to provide the investing public with the industry integrity and most technologically superior ATS in the world. Working together, we have assembled the necessary framework and strategies to dominate a yet untapped but ever growing segment of the global investment community."
"Additionally, we feel that NIPHIX and its operations allows us to accelerate the deployment of our INSTOX operations and strategies to become the world's leader in alternative listings. We plan to compete in identifying and listing young and aggressive companies throughout the world that have exciting and plausible Internet opportunities that need special attention that present markets and exchanges will not afford them," Cushing concluded.
The WAMEX lead product, the WAMEX Alternative Trading System (ATS), addresses one of the largest and most active industries worldwide. The proprietary system enables a community of self-empowered investors to consummate transactions more efficiently and at a lower cost.
Safe Harbor Statement: This release may contain certain forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995. Actual events or results may differ materially from the Company's expectations.
CONTACT: DeMonte Associates
Cynthia DeMonte, 212/473-3700 |
