M&A West Inc. Appoints Gary K. Jennings as Vice President Of Acquisitions
SAN BRUNO, Calif.--(BUSINESS WIRE)--Aug. 22, 2000--Technology holding company M&A West Inc. (OTCBB: MAWI) announced today that it has appointed Gary K. Jennings to the position of Vice President of Acquisitions as part of its current strategy.
Jennings, a research analyst that has worked for M&A West for the past four months, has helped identify new business opportunities and position the company to take advantage of the changing business climate the Internet technology sector has been experiencing in recent months.
"There is unprecedented growth in specific public and private companies or sectors that perfectly compliment our new business strategy," says Jennings. "I look forward to assembling a team and propelling our company to the next level of success with our CEO, Scott Kelly and the rest of the M&A West organization."
Jennings comes to M&A West with 15 years of experience in product sales, business brokerage and a track record reflecting great success.
"We welcome Gary aboard," said Scott Kelly, president and CEO of M&A West Inc. "His desire to drive M&A West harder and develop new relationships and business opportunities for us is a perfect fit for our business model. Recently, one of our portfolio companies, Workfire (www.workfire.com) Networks, was bought by a larger corporation, Packeteer (Nasdaq: PKTR). That created a very nice `liquidity event' for us in a short period of time, and is exactly the type of opportunity that we will be looking out for on a more aggressive level with Gary's new ideas and business skills from here on out."
M&A West Inc. recently reported record earnings of combined net income and comprehensive income of $1.44 per share for the fiscal year ended May 31, 2000.
Besides the Over-the-Counter Bulletin Board, the firm is also traded on the Berlin Stock Exchange under the symbol MUW (WKN No. 928622). The Berlin exchange can be accessed online at berlinerboerse.com.
About M&A West Inc.
M&A West Inc. has several business objectives. The company wants to position itself as a leader in the acquisition and development of Internet and technology companies. M&A West also provides seed capital to newly emerging growth companies. Through a network of related companies, it can offer both its portfolio companies and other emerging micro-cap companies a full line of business services to increase the awareness of their business.
Other companies in this space include Internet Capital Group Inc. (Nasdaq: ICGE), CMGI Inc. (Nasdaq: CMGI), Devine Interventures (Nasdaq: DVIN) and Rare Medium (Nasdaq: RRRR).
M&A West Inc.'s portfolio of investments includes: eBusiness solutions company Digital Bridge Inc. (OTCBB: DGBI; www.digitalbridge.com), online financial services firm VLDC Technologies (OTC: PCLO; www.pcloans.com), music entertainment company Ronlan Entertainment (www.ronlan.com), Workfire Networks Inc. (www.workfire.com), venture capital portal VentureList.com (www.venturelist.com), Internet service provider Sierra-Net, electronic communications network eCapX.com (www.ecapx.com), stock research engine InvestorPackages.com (www.investorpackages.com) and computer security services provider InvincibleNet.com (www.invinciblenet.com).
Recent news releases and additional information about M&A West Inc. may be found on the company's home page at www.mawest.com.
Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and as that term is defined in the Private Securities Litigation improvement Act of 1995. The company intends that such statements about the company's future expectations, including future revenues and earnings and all other forward-looking statements be subject to the safe harbors created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results.
CONTACT: M&A West Inc.
Scott Kelly, 650/588-2678
(CEO)
Gary K. Jennings, 650/827-3727
(Vice President-Acquisitions)
Gary@mawest.com
Rick West, 650/827-7308
(Public Relations)
Rick@mawest.com |
