(COMTEX) B: Venturelist Files SB-2 Registration Statement to Become a Publicly Traded Company; M&A West Shareholders of Record November 15, 2000 to Receive Stock Dividend
SAN BRUNO, Calif., Oct 30, 2000 (BUSINESS WIRE) -- Venturelist Inc., an M&A West Inc. company (OTCBB: MAWI), announced today that it has filed an SB-2 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.
M&A West will distribute shares to shareholders of record on November 15 on a one for five basis, meaning for every five M&A West, Inc. shares owned, each M&A West shareholder will receive one share of Venturelist.
Scott Kelly, president and CEO of M&A West Inc. commented, "This is the first company that we are spinning-off to our shareholders in a series of portfolio companies that we intend to distribute to our loyal shareholders."
About Venturelist Inc.
Venturelist Inc. is an online information source with a quarterly print publication for the private equity venture capital community. The site puts those that need capital in contact 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 $100,000-$5,000,000 a forum to post the executive summary of their
business plan to accredited investors and institutions. Venturelist is not a venture capital firm or a broker-dealer and it does not accept commissions on a successful funding.
Venturelist's services for entrepreneurs include business plan evaluation and writing as well as business consulting. For investors, Venturelist adds value by increasing and streamlining their deal flow. Investors can also reduce their risk by letting Venturelist's seasoned professionals evaluate and review more deals more efficiently.
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 will continue to develop its e-security company,
InvincibleNet, which currently has agreements in place with Identix (AMEX: IDX) and Verisign, among others, into a separate operating unit, with hopes of filing a similar registration statement in the current fiscal year.
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), 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, Media 650/827-7308
Rick@mawest.com
or
Jerry Frear, Investor Relations 570/322-8061
Jerry@mawest.com
www.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.
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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 mentioned. Investing in securities is speculative and carries a high degree of risk, which may or may not be suitable for everyone. |
