(BSNS WIRE) M&A West, Inc. Plans to Spin-Off Venture Consulting Firm That Connects Start-Up
Companies With Venture Capital Sources
SAN BRUNO, Calif.--(BUSINESS WIRE)--Oct. 19, 2000--
Venturelist to File Registration Statement to Register the
Distribution of Its Shares to M&A West Shareholders and
Become a Publicly Traded Company
Venturelist, Inc., an M&A West, Inc. company (OTCBB: MAWI),
announced today that it intends to file a registration statement with the Securities and Exchange
Commission to register the distribution of its shares by M&A West to M&A West shareholders of
record on November 15, 2000.
The company will distribute shares to shareholders on a one for five basis, meaning for every five
M&A West, Inc. shares owned on November 15 will receive one registered share of Venturelist.
"After speaking with our legal counsel, advisors and potential investors, we decided that the most
efficient and effective way for M&A West shareholders to receive value was to spin-off Venturelist
and create a market where Venturelist is publicly traded. We believe that by distributing the
common stock of Venturelist to M&A West stockholders, the potential for increasing the long-term
value of each stockholder's investment in M&A West will be enhanced. We expect to
file the registration statement with the SEC in the next few weeks," commented Scott Kelly of M&A
West, Inc.
Venturelist is a leading online information source for the
small-cap venture capital community. The site connects entrepreneurs needing capital with those
who are looking to make investments in private ventures. The concept behind Venturelist is to
provide entrepreneurs and start-up companies looking for seed level investments from
approximately $50,000-$1,500,000 a forum to post the
executive summary of their business plan to accredited investors and institutions. Venturelist
started its operations in early 2000 and is building a strong portfolio of clients.
Recent news and additional information about Venturelist may be found on the company's Web site
at www.venturelist.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.
M&A West competes in the B2B space along with Ariba Inc. (Nasdaq:ARBA), PurchasePro.com
Inc. (Nasdaq: PPRO) and Commerce One Inc. (Nasdaq: CMRC)
M&A West Inc.'s portfolio of investments includes: eBusiness solutions company Digital Bridge Inc.
(OTCBB: DGBI - news; www.digitalbridge.com), online financial services firm VLDC Technologies
(OTC: PCLO - news; www.pcloans.com), music entertainment company Ronlan Entertainment
(www.ronlan.com), venture capital portal
Venturelist (www.venturelist.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. This information is not a recommendation to buy or sell securities
in the Company.
CONTACT: M&A West Inc.
Rick West, 650/827-7308 (Media)
Rick@mawest.com
Jerry Frear, 570/322-8061 (Investor Relations)
Jerry@mawest.com
Additional Contact Info and Disclaimer for InvestorServicesOnline
For more information on M&A West, Inc., you can contact InvestorServicesOnline (Internet 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 is 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 approved by M&A West Inc. The reader should verify all claims and do their own due diligence before investing in any securities
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