WAMEX Holdings Inc. Enters Into Negotiations to Develop and Market Voice Quote Technology
NEW YORK--(BUSINESS WIRE)--April 3, 2000-- WAMEX Holdings Inc.(OTC BB:WAMX), an internet and technology company dedicated to creating and dominating an alternative market and exchange for individuals and institutional investors, today announced that it has entered into negotiations to develop and market a new VQT.
Russell Chimenti, Chief Administrative Officer, stated, "WAMEX, through its wholly owned subsidiary and technology arm WAMEX 3D, has entered into negotiations with an offshore entity to co-develop and market a new Voice Quote Technology. We expect that these negotiations will be consummated on or around May 1, 2000 and the development of the project will begin immediately thereafter."
Hans-Michael Schoebinger, Chief Technology Officer, stated, "We are extremely excited at having been selected to assist and co-develop this important technology. The applications for VQT are abundant. We believe that it will provide an extremely valuable service for Internet users that are physically challenged as well as providing another valuable technology to our prospective members ported to an already sophisticated ATS database."
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: WAMEX Holdings, Inc.
IR Phone: 212-432-6062
IR Fax: 212-431-6064
(As of April 7, 2000)
or
Cynthia DeMonte
DeMonte Associates
212-473-3700 |
