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To: scouser who wrote (1811)6/28/1999 2:19:00 PM
From: SSP  Read Replies (1) | Respond to of 150070
 
Ben Ezra, Weinstein and Company, Inc. Announces Divestiture of Subsidiary: New Company Intends to File as Reporting OTC:BB Company
ALBUQUERQUE, N.M., June 28 /PRNewswire/ -- Ben Ezra, Weinstein and Company, Inc. (''BNEZ'') (OTC Bulletin Board: BNEZ - news) announced today that it is divesting Compass Data Systems, Inc. (''Compass''), a Nevada corporation, as an independent entity. Compass will retain its corporate identity and its name.

''Compass Data is in extremely capable hands,'' said Jack Ben Ezra, CEO and President of BNEZ. ''We believe that BNEZ shareholders will receive more value from Compass Data as an independent company than as a subsidiary of BNEZ.''

Once the divestiture is completed, Compass will formally file with the NASD as a reporting OTC:BB company, said Jeremiah Kane, a Wharton School graduate and President and CEO of Compass. ''Our application, CUSIP number, intended stock symbol, and sample stock certificate are already in place, and we are ready to proceed.''

BNEZ shareholders will receive one share of Compass for every ten shares of BNEZ. The record date of the spin-off is July 10, 1999.

''We are also looking at other potential divestitures as a way of maximizing investor value,'' said Michael Weinstein, BNEZ Chief Operating Officer. ''In particular,'' he added, ''these include several products and technologies gained through prior acquisitions.''

''Compass Data has a strong presence in the legal and medical publication market. As we expand our operations to the Internet, we believe that presence will only grow stronger,'' added Kane.

Compass Data Systems, Inc. provides turn-key electronic information publishing services to a wide variety of industries and organizations. Its web address is www.compassdata.com. Compass Data is based in Salt Lake City, Utah.

SOURCE: Ben Ezra, Weinstein and Company, Inc.; Compass Data Systems, Inc.



To: scouser who wrote (1811)6/28/1999 3:38:00 PM
From: Kevin Clarke  Read Replies (2) | Respond to of 150070
 
Hahahaha, your right I kind of got carried away.