MicroCap Financial Services Inc.- MFSI - to Acquire Internet Architecture Firm; Proprietary TechnologyWill Enhance MFSI's New Online Financial Publishing Subsidiary
November 17, 1998 08:30 AM
SANTA MONICA, Calif.--(BUSINESS WIRE)--Nov. 17, 1998--MicroCap Financial Services Inc. MFSI entered into a Letter of Intent to acquire CyberJunction.com Online Inc., an Internet architecture firm that assists companies with pre-production planning, strategic positioning and online marketing of Internet projects and Web sites.
The acquisition will provide MFSI proprietary technology and expertise to drive its online financial publishing subsidiary and Investor Relations, MicroCap1000.com Ltd. (www.microcap1000.com).
"The addition of CyberJunction's technological capabilities will greatly enhance MicroCap1000.com's efforts to provide visitors every informational tool available for making investment decisions," said Matthew Stasior, president and chief executive officer of MicroCap1000.com. "This will also give us scalability to quickly and efficiently produce high-end, multimedia presentations about MicroCap companies."
MicroCap1000.com is a "one-stop-shop" of original and aggregated content on the MicroCap sector, including daily interviews with top MicroCap fund managers and analysts and the industry's only real-time MicroCap index. The multimedia presentations, which assist companies' investor relations departments, will be integrated into the financial news site. Visitors and page views to the site have been growing by 50 percent per week since MicroCap1000.com was launched Sept. 15, 1998.
The acquisition of CyberJunction gives MicroCap1000.com an innovative software tool, iBluePrint, developed by CyberJunction which enables users to complete an interactive blueprint for web site development.
"We look forward to applying our proprietary technology and experience on behalf of MicroCap1000.com and its exciting news and Investor Relations Centers," said John Flanders, president of CyberJunction. "In addition to leveraging our technology, MicroCap1000.com will gain access to our network of 300 international Web development companies."
Jay Matulich, chairman of MicroCap1000.com Ltd. said, "We are extremely excited to have arranged for our first acquisition in a program which anticipates further acquisition of leading-edge Internet technologies as well as further expansion of services to the MicroCap sector of the business community."
MFSI has become an Internet-based provider of financial news and services related to MicroCap investing through its newly created, wholly owned subsidiary MicroCap1000.com Ltd. Designed to be the No. 1 Internet source for information on MicroCaps, the site consists of the MicroCap1000 Index, a real time index following the performance of 1000 companies with market capitalizations between $25 and $400 million; original market commentary by well-known analysts and money managers; and a database containing company and stock information on more than 5,000 MicroCap companies. It will soon include a model MicroCap investment portfolio and an online center that provides a toolset for MicroCap companies' investor relations. In addition, MFSI offers investment banking services to MicroCap1000.com Ltd.'s and other MicroCap clients through its wholly owned subsidiary, International Capital Growth Ltd.
Closing of the transaction between MFSI and CyberJunction is subject to the execution of a definitive agreement and the receipt of financial statements acceptable to MFSI from CyberJunction.
Certain of the above statements may be forward looking statements that involve risks and uncertainties. In such instances, actual results could differ materially as a result of a variety of factors, including competitive developments and other risk factors listed from time to time in the company's Securities and Exchange Commission reports. |
