BNEZ-NEWS:
Ben Ezra, Weinstein And Company, Inc. Announces Corporate Acquisitions
PR Newswire - February 19, 1998 19:12
BNEZ %CPR %FIN %TNM V%PRN P%PRN
--------------------------------------------------------------------------------
ALBUQUERQUE, N.M., Feb. 19 /PRNewswire/ -- Today, Ben Ezra, Weinstein and
Company, Inc. (OTC Bulletin Board: BNEZ), announced that it has signed a
letter of intent to acquire wholly an electronic publishing company, Compass
Data Systems, Inc. ( www.compassdata.com ), located in Salt Lake City, Utah
and a partial acquisition of InfoDynamics, Inc.( www.infodynamics.com ), a
software company, located in neighboring Orem, Utah. The terms of the actual
acquisitions are currently undisclosed pending final closing, anticipated
within 30 days.
"These acquisitions and other near-term planned acquisitions, as well as
other strategic joint ventures, will benefit the Company in a number of ways,
" said Jack Ben Ezra, President and CEO of Ben Ezra, Weinstein and Company,
Inc. "The Company will increase its product line significantly and these
acquisitions will establish us as a real presence in the software world. Both
InfoDynamics and Compass Data Systems produce product lines that mesh nicely
with our strategy of corporate, financial and legal software for the home and
the Internet."
"The Company specifically targeted theses acquisitions in an effort to
further buttress the quantity and quality of its current product lines as well
as the significant application synergies that will exist between it and these
newly acquired corporations," stated Company COO, Michael "Mikey" Weinstein.
"These acquisitions, together with the planned software releases expected
by the Company over the next three to six months, will make the Company a
significant player in the fast-growing financial software industry," said Dr.
Harold Clark. Dr. Clark is a special advisor to the Board of Directors of the
Company and former President of Ingram Micro, the world's largest computer
product distributor.
Ben Ezra Weinstein and Company, Inc., headquartered in Albuquerque, New
Mexico, develops software for both individual and corporate users in the areas
of finance and personal investment.
SOURCE Ezra Weinstein and Company, Inc.
/CONTACT: Jack Ben Ezra, Chief Executive Officer or Mikey Weinstein,
Chief Operating Officer, both of Ben Ezra Weinstein and Company, Inc.,
505-880-9799/
(BNEZ) |
