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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts

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To: Joe Copia who wrote (24854)	8/22/2002 4:55:24 PM
From: Joe Copia	Read Replies (2) of 25711

ALERT UDTC news!!!!!! (BSNS WIRE) United Trading.com's Acquisition Plans On Target in Strong Market Business Editors IRVINE, Calif.--(BUSINESS WIRE)--Aug. 22, 2002--James G. Brewer, president and CEO of United Trading.com (OTCBB:UDTC), today announced that the company has completed its due diligence review of Quick Draw Inc. and agreed upon final terms and conditions to complete its acquisition plans. One of the conditions of the acquisition is that Quick Draw must secure a commitment and initial funding for $1,000,000. Quick Draw expects to have such a commitment and funding by early September. The company is also evaluating other merger opportunities in related businesses and expects to have additional announcements regarding these activities in the near future. Brewer stated that: "relative to the ATM (Automated Teller Machines) business, the company has found that the market for off premises ATM's remains strong. A study released in June of this year by ATM&Debit News found that 'the market for existing ATM portfolios held by Independent Sales Organizations is sizzling.' We're excited about this continuing strength in ATM portfolios and look forward to finalizing our acquisition of Quick Draw ATM in the very near future." About United Trading.com United Trading.com will engage in the off-premise ATM ownership and management business in addition to other e-commerce businesses. The pending acquisition of Quick Draw ATM will give United Trading.com a base of ATMs throughout the United States, an established revenue stream, and a seasoned ATM management team. Management will then focus on other acquisition targets in the United States, possibly considering overseas markets as opportunities present themselves. United Trading.com's goal is to implement its business plan which includes the acquisition of additional ATMs and enhanced ATM services. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Statements contained in this document that are not historical fact are forward-looking statements based upon management's current expectations that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. The company is not required to update its forward-looking statements. --30--JE/np* BPM/cgo CONTACT: Ellshay, LLC Mark Ehrlich, 858/350-3114

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