DWLD (old VCCP) news. A long for me.
March 23, 2000 15:10
DataWorld Solutions Targets European Acquisition and Receives Frankfurt Exchange Listing
FARMINGDALE, N.Y.--(BUSINESS WIRE)--March 23, 000--DataWorld
Solutions Inc. (OTCBB: DWLD) (Frankfurt - VRX), manufacturer and distributor of electronic cable, accessories, and custom cable assemblies for data, voice and video communications systems, today announced it's common stock has been approved for listing and listed on the Frankfurt Exchange under the symbol "VRX" and the German Securities Code 935 141.
"This listing in Frankfurt is in conjunction with our company investigating possible acquisitions in Europe. Part of our growth strategy is to acquire established marketers in our Industry sector in Europe, and then enhance their offerings with our product line and services in the fiber-optic interconnect market," said DataWorld Solutions chairman and CEO Daniel McPhee. "The company is experiencing a significant growth rate and yet we feel this is only the beginning of an aggressive move to increase our market share. We anticipate that our enhanced product offering and personalized service will make DataWorld a major provider to the dynamic fiber-optic interconnect market. Further growth through acquisition allows management to focus attention where we are already strong: specifically our in-house
manufacturing. We anticipate that our enhanced product offerings and personalized service will make DataWorld a major provider to the dynamic fiber-optic interconnect market both domestically and abroad."
Existing clients of DataWorld include 3M Corp. (NYSE:MMM), Bank of America (NYSE:BAC), Bear Stearns (NYSE:BST), BMC Software (Nasdaq:BMCS), Chase Manhattan Bank (NYSE:CMB), Cisco Systems (Nasdaq:CSCO), Picturetel (Nasdaq:PCTL), RCN Corp. (Nasdaq:RCNC), U.S. Web (Nasdaq:USWB), Northrop Grumman (NYSE:NOC), and the New York Stock Exchange.
DataWorld Solutions competitors include Anixter (NYSE:AXE), Anicom (Nasdaq:ANIC), and Graybar.
Except for historical matter, the matters in this press release are forward-looking statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements reflect assumptions, and involve risks and
uncertainties, which might affect the company's business and prospects and cause actual results to differ materially from these forward-looking statements, which are detailed in the company's public filings with the SEC.
CONTACT: DataWorld Solutions
Nick Hutzel
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