WCAP has a stake in Worldgate.
They also have over 440,000 of rowe.com which IPO's next week or so.
Also, many other offerings.
The worldgate IPO has NOT made major wire services yet, but I did confirm with both companies. WCAP expects a press release tomorrow. Can call and confirm at 914-949-2600
______
WHO IS WORLDGATE INC.?
WorldGate Inc. is Alberta's leader in the provision of Internet and intranet consulting services and brings a level of
expertise and experience to Alberta companies that is quite simply unrivaled.
We provide our customers with an ever increasing array of Internet consulting, network access, research and support
services that maximize the power of the Internet's capabilities in the hands of Alberta companies looking to compete on
a provincial, national and global scale.
HISTORY
WorldGate Inc. was started in April of 1993 as a means of providing Internet email and USENET News services to the
people of Edmonton. It immediately became apparent that there was a great need for Internet-related technical
consulting services in the Edmonton area.
WorldGate has grown significantly in a short period of time through natural customer-base growth almost entirely
through word-of-mouth referrals from satisfied customers.
Positioned as Alberta's premier Internet consulting firm, WorldGate is able to provide a complete range of Internet
products and services to its customers anywhere in Alberta, including high-speed access, hardware sales, server
construction and implementation of special projects.
SERVICES
WorldGate's various staff has a remarkable range of experience including high-level security consulting, programming
in a multitude of different computer languages, and experience with implementing services on many different computer
and network operating systems ranging from DOS and Windows to UNIX, VMS, Novell Netware, and Microsoft
Networking with Windows NT.
World Wide Web technology has been very central to the work we do since the Web's early popularity in late 1993. Areas
of expertise include CGI programming, Java, and database integration.
We provide access to the Internet from casual dial up to dedicated access at speeds up to 100 Mbit. We provide all Web
Services at our site or customer sites. We specialize in Internet security. We manage Domain registration and
addressing on the Internet. We supply Network Computers, Routers, Firewall Hardware, or any other equipment to
integrate your systems with the Internet.
COMPANY PHILOSOPHY
WorldGate's success over the years in the highly competitive Internet business can largely be attributed to our
commitment to customer service and to professionalism.
We are more than a company you plug into for access or someone you ask to build an email server. We are your partner
in Internet service. We keep you and ourselves abreast of the latest technologies and see that they are implemented to
your advantage.
We are totally committed to providing the best quality products and services. We upgrade our servers or add new
facilities only to improve service to you, our customers. We are your consultant to ensure any new technology is
implemented only if it provides advantages to you.
______________
WINFIELD CAPITAL CORP. ANNOUNCES FILING OF REGISTRATION STATEMEN
Business Wire
December 15, 1998, 6:20 a.m. PT
t By A Portfolio Company
Business Editors
WHITE PLAINS, N.Y.--(BUSINESS WIRE)--December 15, 1998--Winfield
Capital Corp. (WCAP-Nasdaq) (the "Company") announced today that one
of its portfolio companies, RoweCom, Inc. of Cambridge,
Massachusetts ("RoweCom"), has filed a registration statement with
the Securities and Exchange Commission for a proposed initial public
offering of its common stock. The terms of the public offering have
not yet been disclosed and offers will only be made by prospectus.
These securities may not be sold nor may any offers to buy be
accepted prior to the time the registration statement becomes
effective. This press release does not constitute an offer to sell
or the solicitation of an offer to buy the common stock of RoweCom,
nor shall there be any sale of the common stock of RoweCom in any
state in which such an offer, solicitation or sale would be unlawful
prior to the registration or qualification of the common stock of
RoweCom under the securities laws of any such state.
RoweCom's Knowledge Stores provide organizations with customized
intranet "company stores" where individual employees, group managers
and librarians can order, pay for, and manage the acquisition of
books, subscriptions, newspapers and other knowledge products online.
Winfield Capital has purchased 440,270 shares of preferred stock
of RoweCom at a purchase price of $3.407 per share which are
convertible (currently on a one for one basis) into shares of common
stock of RoweCom. The securities held by Winfield Capital will be
subject to restrictions on transferability.
Winfield Capital is a small business investment company which makes
loans and equity investments pursuant to funding programs sponsored
by the SBA and is a non-diversified, closed-end investment company
that is a business development company under the Investment Company
Act of 1940. Winfield Capital's common stock is traded on the Nasdaq
SmallCap Market and the Boston Stock Exchange under the symbols
"WCAP" and "WNF," respectively.
This press release may contain forward-looking information within
the meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934 (including the possibility
that RoweCom's registration statement will be approved, thereby
permitting RoweCom to sell shares of its common stock to the public
pursuant to such registration), and is subject to the safe harbor
created by those sections. Winfield Capital assumes no obligation to
update the information contained in this release. |
