Wamex Commences Development Phase with Newly Acquired NIPHIX
NEW YORK--(BUSINESS WIRE)--March 29, 2000--Wamex Holdings, Inc. (OTC BB: WAMX), an Internet and technology company dedicated to creating an efficient alternative market and exchange for individual and institutional investors, today announced that it has commenced initial development of NIPHIX expansion.
Sascha Mundstein, Chief Operating Officer, stated, "We have conceived a three phase model for the growth and development of NIPHIX as an Alternative Listing System (ALS)."
"Phase 1 involves preparing NIPHIX to receive Continental U.S. Conus Listings. We are presently engaging several offers from companies that intend to provide immediate listings for NIPHIX. This stage of NIPHIX development involves initiating INSTOX implementation operations and the porting of the ATS technology in order to create the world's fastest real time and dynamic Internet ALS."
"We expect phase 2 to commence in May of 2000. This phase involves solidifying the service agreements for Wamex affiliates who have agreed to provide potential listings with peripheral services that are necessary to achieve an enhanced Internet implementation." Mundstein concluded.
The WAMEX lead product, the WAMEX Alternative Trading System (ATS), wamex.com, 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 and Litigation Reform Act of 1995. Actual events or results may differ from the Company's expectations.
CONTACT: DeMonte Associates, New York
Cynthia DeMonte, 212-473-3700 |
