M&A West Inc. Provides Update on Company Investments
SAN BRUNO, Calif., September 5, 2000 – Technology Holding Company M&A West Inc. (OTCBB: MAWI - news), has released the following updates on the company's e-commerce and technology investments:
Digital Bridge Inc. (OTCBB: DGBI - news) –an eBusiness solutions company commenced trading under the symbol ``DGBI'' earlier this year. Digital Bridge has grown dramatically through the merger with 24x7 development and the pending acquisitions of OTVnet.com and n2Plus.
In addition, the company has announced several new products including the Digital Bridge Advertising Server, which will be marketed and sold through SearchHound.com, Inc.’s (OTCBB: SRHN - news) 500,000 plus Webmaster member community and to visitors to its search engine site www.searchhound.com. The company also expects to announce several major development contracts in the coming weeks.
Spearheading these recent developments is John Flanders the incoming CEO. Flanders was formerly the Chief Technology Officer for Globalnet Financial (Nasdaq: GLBN).
M&A West, Inc. owns 4.8 million shares of Digital Bridge.
Workfire Technologies Inc. –Recently announced that it signed a definitive agreement to be acquired by Packeteer Inc. (Nasdaq:PKTR - news) is a leading provider of Internet application infrastructure systems. Under the terms of the agreement, Packeteer will exchange 2,000,000 shares of Packeteer common stock for all of Workfire's outstanding common stock and options.
M&A West Inc. owns approximately 375,000 shares of Workfire, which will convert to approximately 45,000 shares of Packeteer, based on consent documents sent to the company recently. M&A West stands to gain approximately $2.1 million or $.19 a share. The final gain would be based on the price of Packeteer at the time of sale.
VLDC Technologies Inc. (OTC: PCLO - news) -- This eCommerce financial services company recently announced its acquisition of four branch offices of Capitol Mortgage Bankers, Inc and that it has signed a letter of intent to acquire all of the mortgage banking assets and intellectual property of the Asset Network Partnership.
In addition, the company recently announced the launch of a unique business-to-business (B2B) online lending network through its proprietary Net Affiliate program. Small- to mid-sized mortgage lenders and brokers that join the Net Affiliate program will have free access to state-of-the-art Web enabling technology coupled with the ability to originate loans in all 50 states. By affiliating with pcLoans.com's nationwide network of loan originators, traditional mortgage companies can utilize ``clicks-and-bricks'' lending strategies to increase their geographic capabilities and customer base through the Internet.
VLDC Technologies Inc. (OTC:PCLO - news) has been chosen by dbusiness.com as one of the companies on its ``50 To Watch'' list for the third quarter of 2000. The list includes the 50 most dynamic emerging public and private small- to medium-cap companies in the Baltimore area. dbusiness.com's list is currently accessible on its Web site at: dbusiness.com.
M&A West, Inc. owns 5.7 million shares of VLDC Technologies, which trades under the symbol ``PCLO''.
VentureList.com –Online portal to the private equities markets for start-up companies and investors, VentureList.com (www.venturelist.com), recently unveiled its newest online application, Equipment Leasing. And a brand new application to assist entrepreneurs fund their business plans and expedite the funding process.
The new online application called ``Business Tools'' has been designed to assist individuals fund their business plans quickly and easily with the assistance of VentureList.com at their fingertips. Using Business Tools, entrepreneurs can evaluate their existing business plans, improve on existing plans and evaluate their competitors.
M&A West, Inc. expects to file a registration statement for the public offering of venturelist and distribution of the previously announced stock dividend in the current quarter.
M&A West has recently launched several new e-commerce initiatives including Internet security portal Invinciblenet (www.invinciblenet.com), Website Funding (www.website-funding.com) and it Public Relations Division, Market Awareness Consultants (www.market-awareness.com)
About M&A West Inc.
M&A West Inc. has four primary business objectives. The first is to be a leader in the acquisition and development of Internet and technology companies. The second is to provide seed capital to newly emerging technology companies. The third is to provide a full line of business services to emerging micro-cap companies to increase awareness of their business. The fourth is to create and grow offshoot Internet-related companies under the M&A West Inc. umbrella.
M&A West competes in the B2B space along with Ariba Inc. (Nasdaq: ARBA - news), PurchasePro.com Inc. (Nasdaq: PPRO - news) and Commerce One Inc. (Nasdaq: CMRC - news).
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
Rick West, 650/827-7308
Rick@mawest.com
Scott L. Kelly, Chairman and CEO
M&A West, Inc. (Symbol: MAWI)
583 San Mateo Avenue
San Bruno, CA 94066
650-588-2678 Phone
650-827-9508 Fax
EMAIL AND CORPORATE SITE: scott@mawest.com www.mawest.com
FINANCING SITES: www.venturelist.com www.website-funding.com
ISPS: www.sierra.net www.sierraworlds.com
ENTERTAINMENT: www.ronlan.com www.volumecity.com www.shakairacing.com www.gpra.org
INVESTMENT SITES: www.investorpackages.com www.solidstocks.com www.otcir.com www.microcapcenter.com
CONSULTING: www.invinciblenet.com www.market-awareness.com
AFFILIATES: www.digitalbridge.com www.pcloans.com www.workfire.com
Additional Contact Info and Disclaimer for InvestorServicesOnline
For more information you can contact InvestorServicesOnline (Internet-Specific Investor Relations) at E-mail: investorservicesonline@yahoo.com or Company Representative, Rick West, TEL: 650/827-7308 (Public Relations) E-mail: Rick@mawest.com
Rick West and Merger Communications are not associated with InvestorServicesOnline.
Disclaimer Information for InvestorServicesOnline:
Investor Services Online (ISO) is a compensated agent of M&A West Inc. and has been hired to perform certain investor relations services for the Company. Investor Services Online is being paid 1,200 shares of MAWI stock per month for a 12 month period. We are not a registered investment advisor and suggest that you consult with an independent registered advisor as well as do your own research before investing in any stock. The opinions and analysis included herein are based on sources believed to be reliable but no warranty, expressed or implied, is made as to their accuracy, completeness or correctness. Readers are advised that this communication is issued solely for information purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy any securities. All information posted on Internet discussion sites by Investor Relations Online relating to M&A West Inc. is supplied by M&A West Inc. The reader should verify all claims and do their own due diligence before investing in any securities mentioned. Investing in securities is speculative and carries a high degree of risk, which may or may not be suitable for everyone. |
