M&A West Inc.'s 10KSB Report Now Available
All Shareholders are encouraged to view the Company's most recent filing dated 9/5/00. Some highlights are provided below.
You may view it at the following link: freeedgar.com and type in MAWI or click below:
freeedgar.com
YEAR ENDED MAY 31, 2000 COMPARED TO THE YEAR ENDED MAY 31, 1999 AND MAY 31,1998
(Excerpted Quotes from the filing)
" Net revenues for the year ended May 31, 2000 increased by $6,777,769 or 1,125% to $ 7,379,856 from $602,087 for the corresponding period of the prior year."
"Consulting revenues increased by $6,777,769 to $7,379,856 from $602,087 for the corresponding period of the prior year."
"Internet service provider revenues of $247,116 represent a new source of revenue for the Company. Revenues for the period ended May 31, 1998 totaled $ 97,033."
"For the year ended May 31, 2000, the Company reported income net of taxes of $ 12,150,421 from unrealized gain on available for sale securities held in the Company's investment portfolio. There was no comprehensive income for the corresponding period of the two prior years. As a result of this other comprehensive income, the gain on sale of subsidiaries, and the increase in consulting revenues, the Company had comprehensive income of $ 14,086,878 for the year ended May 31, 2000 compared with $156,717 for the corresponding period of the prior year and $34,747 for the year ended May 31, 1998."
"Liquidity and Capital Resources - At May 31, 2000 the Company had working capital of $ 15,536,210 including cash of $ 1,151,546. This compares with working capital of $2,179,308 including cash of $ 1,141,813 for the corresponding period of the prior year and working capital of $46,493 including cash of $(866) for the year ended May 31, 1998."
"Selling, general and administrative expenses for the year ended May 31, 2000 increased by $1,153,275 or 77% to $2,651,398 from $1,498,123 for the corresponding period of the prior year. The increase is attributable to an increase in advertising expense of $196,835, employment and payroll expenses of $266,059 and an increase of $690,381 in general and administrative expenses. Selling, general and administrative expenses will continue to grow as the Company adds new personnel to assist with its growing portfolio of companies and to reduce its dependency on outside consultants. In addition, as the Company's incubator firms grow, the Company's advertising budget will increase as these companies bring their products to market. Selling, general and administrative expenses for the year ended May 31, 1998 totaled $ 50,431."
All Shareholders are encouraged to review the filing and call the Company for more information.
Contact Information:
Scott L. Kelly, Chairman and CEO or Rick West, Public Relations
TEL: 650/588-2678 M&A West Inc., Scott Kelly
TEL: 650/827-7308 Rick West, Rick@mawest.com
M&A West, Inc. (Symbol: MAWI)
583 San Mateo Avenue
San Bruno, CA 94066
650-588-2678 Phone
650-827-9508 Fax
CORPORATE SITE: 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
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. |
