(COMTEX) B: M & A WEST INC - Listing With the Boston Stock Exchange
New York, New York, Oct. 27, 2000 (Market News Publishing via COMTEX) -- M&A West Inc. has been approved for listing on the Boston Stock Exchange under the symbol MAW effective.
Benefits of joining the Boston Stock Exchange: The BSE offers companies access to the public markets as well as the ability to participate in the National Market System. A company that qualifies to list on the BSE may also be traded on other United States exchanges through Unlisted Trading Privileges (UTP), as mandated by the SEC. UTP allows for increased liquidity in a stock and competition in trading the stock through the Intermarket Trading System (ITS), potentially narrowing the spread. Some companies choose to dually list on multiple exchanges and/or on the Nasdaq Small Cap market to further maximize trading opportunities and exposure to investors.
The BSE is a Self Regulatory Organization, with regulation performed by the SEC. Trading of a company's stock is constantly reviewed by surveillance professionals to ensure the quality of the marketplace and the protection of the
investing public. Furthermore, as an auction exchange, the BSE has rules in place to prevent short selling on a down-tick. This is particularly important during the first month of IPOs and helps lessen the risk of dramatic downward movement in the company's stock price.
Upon listing, a company's stock automatically qualifies for margin (buying on credit) under Federal Reserve regulations. Qualifying for margin gives shareholders more buying power and makes the stock more attractive for bank loan collateral, providing for a potentially broader shareholder base.
According to M&A West Inc.'s chairman and CEO Scott Kelly, "Listing on the BSE is a significant step in our evolution as a company as we seek an additional listing, we recognize the value the BSE adds to the nation's capital market
system and the exceptional trading services that they provide," emphasized Kelly.
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), PurchasePro.com Inc. (Nasdaq: PPRO) and Commerce One Inc. (Nasdaq: CMRC).
The company recently announced that it will be distributing a stock dividend to its shareholders of record on November 15, 2000 in the form of shares of Venturelist Inc. that it owns. The dividend will be distributed on the basis of
one share of Venturelist common stock for every five shares of M&A West common stock owned as of November 15, 2000. The company recently filed an SB-2 registration statement with the Securities and Exchange Commission to register the distribution of Venturelist shares to M&A West shareholders.
Recent news releases and additional information about M&A West Inc. may be found on the company's home page at www.mawest.com
About the Boston Stock Exchange The Boston Stock Exchange Inc. (BSE) is a premier, national equities exchange that offers exceptional market quality, highly specialized products and services, innovative technology and outstanding customer service to the investment community. Long regarded as New England's exchange, the BSE has from its beginnings played an important part in the development of the region's financial markets, serving public companies, investment institutions, and brokerage firms. Also important is the vital role the Exchange performs today as a national, competitive exchange within the
strongest capital market system in the world. The BSE trades over 20 million shares each day. Additional information about the BSE can be found at www.bostonstock.com.
Statements regarding financial matters made by M & A West, Inc. (MAWI) 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 Reform 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 MAWI.
TEL: 650/827-7308 Rick West, Public Relations, M&A West Inc.
TEL: 650/827-7308 Rick West, Public Relations, M&A West Inc
Email: Rick@mawest.com
TEL: 570/322-8061 Jerry Frear, Investor Relations
Email: Jerry@mawest.com
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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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