Press Release
SOURCE: Whirlwind Marketing, Inc.
Whirlwind Marketing Announces Letter of Intent To Acquire Marketing Services Firm
FORT WASHINGTON, Pa.--(BUSINESS WIRE)--Feb. 22, 2002--Whirlwind Marketing, Inc. (OTCBB:WLWD - news) today announced a letter of intent to acquire a Florida based, privately held marketing services company for an undisclosed amount in cash and stock.
The terms of the acquisition are subject to a confidentiality agreement. The acquisition is expected to close by March 31, 2002.
Originally established in 1995, this company has continued to grow in the marketing services industry with 2001 unaudited revenues of $19.7 million and achieving profitability. The company's current customers include recognizable Fortune 500 companies like: Coca Cola, Frito Lay, General Motors, Nissan, Proctor and Gamble, Allstate Insurance and Wal Mart.
Whirlwind Marketing's CEO Raymond Hackney commented, ``We are excited to be entering into this transaction with such a quality and well respected company. Management is pleased to be delivering on the strategy it put forth a few months back on acquiring solid, well managed, profitable businesses.''
About Whirlwind Marketing
Whirlwind Marketing (WLWD:OTCBB) through its three divisions is active in three primary areas. Whirlwind Fundraising develops and markets innovative fundraising products and services for non-profit organizations, educational institutions and civic and trade associations.
Whirlwind (www.whirlwindmarketing.com) offers a variety of on-line and off-line fundraising products and programs, including V-Giving(TM), a web-based subscription service that enables non-profit organizations to efficiently, effectively and securely utilize the Internet for marketing, donation acceptance and donor relationship management.
The Company's Whirlwind Acquisitions division is focused on finding profitable businesses that will further benefit from management's experience in the capital markets.
Interwhirl is the Company's web properties division looking to create sound niche based businesses and then duplicate that concept in various locales.
``Safe Harbor'' Statement under the Private Securities Litigation Reform Act of 1995: The information set forth above includes ``forward-looking'' statements and accordingly, the cautionary statements and risk factors contained in Whirlwind Marketing's filings with the Securities and Exchange Commission are incorporated herein by reference.
The words ``believe,'' ``expect,'' ``anticipate'', ``intend,'' and similar expressions identify forward-looking statements. Whirlwind Marketing's actual results may differ materially from the anticipated results or other expectations expressed in these ``forward-looking'' statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's analysis only as of the date thereof.
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Contact:
Whirlwind Marketing, Inc.
Ray Hackney, 215/358-0850 x25
Rhackney@whirlwindmarketing.com |
