Pacific Northwest Capital Inc. Corporate Update
LITTLETON, Colo., Mar 30, 2001 (BUSINESS WIRE) -- Pacific Northwest Capital
(OTCBB:PNWC) is pleased to provide the following corporate update to
shareholders:
The administrative office of Pacific Northwest Capital Inc. has moved to
Littleton, Colorado, where the officers and directors of the company are Dan
Silva as President and Joe McFarland as CEO.
The company is in negotiations with several marketing and distribution companies
for the sales of the PB&J product line. Further information is available at
www.PBJInc.net.
No further investment is planned for the web site properties
www.hollywoodmall.com or www.pacificnorthwestmall.com. Management is currently
pursuing agreements whereby operation of those sites would either be run by
third parties through revenue-sharing agreements, sold back to the creators as
payment for debt associated with their development or they will be put up for
sale.
PNWC continues to hold an investment equalling 300,000 shares (2.7%) equity
investment in Multiplex Raceway System Inc. which currently has a patent pending
for its Optical Access System. PNWC will consider options going forward once
final patent approval is achieved. Further information is available at
www.mrs-oas.com.
The company is currently completing its annual audit and will be filing forms
10K and 10Q in a timely manner.
In addition, the company is currently assessing new business opportunities
associated with the PB&J product line.
This press release may contain forward-looking statements regarding PNW Capital
Inc. and its future sales-related activities. Actual results could differ
materially from those described or implied in this press release as a result of
a number of factors. These include, but are not limited to, the future growth of
these markets, any adverse actions by the company's partners, competitive
products, other economic factors affecting the company's markets, the degree of
acceptance that new products achieve, and seasonal changes.
CONTACT: PNW Capital Inc., Littleton, Colo.
Dan Silva, 303/412-2469
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