More news on WAMX. This one is worth a look IMO:
WAMEX Holdings, Inc. Consummates Transaction for $6.9 Million in Funding from Private Investment Group
NEW YORK--(BUSINESS WIRE)--April 25, 2000--WAMEX Holdings, Inc. - (OTCBB: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 it has acquired $6.9 million in funding from a private Investment Group.
Mitchell Cushing, Chairman and Chief Executive Officer stated, "We are proud to announce the closing of $6.9 million in funding from an Investment Group. It is our contention that this funding will provide WAMEX with the working capital to achieve immediate key objectives including the deployment of the ATS. It will also allow for the completion of mid-term strategies and afford the Company the opportunity to initiate the 2nd phase of development for NIPHIX."
"NIPHIX, a subsidiary of WAMEX Holdings, Inc. will operate with increased listing and trading capabilities. The NIPHIX ALS (Alternative Listing System) will enable investors to participate in public offerings from both domestic and international companies. The combined ATS and ALS technologies will create a "total platform" and global trading arena", concluded Russell Chimenti, Chief Administrative Officer.
The WAMEX lead product, the WAMEX Alternative Trading System (ATS), www.wamx.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, 212/432-6064
or
DeMonte Associates
Cynthia DeMonte, 212/473-3700
KEYWORD: NEW YORK
BW1113 APR 25,2000
4:47 PACIFIC
7:47 EASTERN |
