MISM PR: (anyone else skeptical: If it's really happening, let's see the BEEF! MIS has been making promises for the last 4 or 5 years! Otherwise, I'm taking tax losses this month. If they want me and many others to hang on to this stock, FINALIZED deals MUST be announced!!)
Tuesday December 1, 12:44 pm Eastern Time
Company Press Release
MIS International makes announcement
SAN RAMON, Calif.--(BUSINESS WIRE)--Dec. 1, 1998--MIS International Inc. (NASDAQ OTC BB: MISM - news) has shifted its focus away from the franchising industry and is now actively pursuing acquisitions in the technology and Internet related fields.
MIS International is repositioning its business plan to acknowledge the booming business of Internet related application and development tools that will bring MIS International to the forefront of this industry. It is estimated that the number of Web users will grow from approximately 69 million worldwide in 1997 to approximately 320 million worldwide by the end of 2002 and that transactions on the Internet are expected to increase from approximately $12 billion in 1997 to approximately $426 billion in 2002.
In addition, the percentage of users that are buyers of products and services is expected to increase from 26% to 40% in the same period. At this time, two or three proposals are in careful consideration, all of these dealing with Internet related technologies.
MIS International's goal is to instantly bring revenues into this company, in order to bring more exposure to MIS International. This will enable MIS International to greatly expand within this ever evolving industry and ultimately bring much higher value to this company and its shareholders.
Presently MIS is negotiating to acquire a growing and profitable international Internet business entering a very substantial growth trend. This acquisition will be ideal for MIS International in order to build the foundation needed to begin a profitable and sustainable long term growth objective for this company.
MIS International is presently completing due diligence on this first company it is looking at acquiring, and to date is very pleased as to what it has seen. Once the acquisition is completed, it will be made known to shareholders immediately and MIS International will begin phase II of the restructuring plan.
The goal of MIS International is to build it into a large Internet powerhouse by acquiring several smaller profitable companies, and building strategic alliances with others. These companies are all doing business through the Internet, which is forecast to rise very dramatically over the next few years, due to the amount of e-commerce and business taking place on the Web. MIS International is dedicated to achieving this goal, and has spent many months in the restructuring process to insure that it will build the company in the best way possible, to achieve maximum exposure, revenues and ultimately substantial profits which will benefit both the company and the strong shareholder following.
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Contact:
MIS International, San Ramon
Wilfred Shaw, 925/831-4787
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