To: Jeffrey L. Henken (2037 )
From: LANCE B Wednesday, Jul 21 1999 10:41AM ET
Reply # of 2041
BNEZ- DIVIDEND DAY..OWN 3 STOCKS FOR ONE PURCHASE.
that would make 4 symbols in your portfolio for one
purchase of a .14 cent stock...company just getting no
value for all these companies trading under 1 symbol
(COMTEX) B: BEN EZRA, WEINSTEIN AND COMPANY, INC. ANNOUNCES ADDITIONA
B: BEN EZRA, WEINSTEIN AND COMPANY, INC. ANNOUNCES ADDITIONAL DIVESTITURES
THREE NEW CORPORATIONS INTEND TO FILE AS REPORTING OTC:BB COMPANIES
ALBUQUERQUE, N.M., Jul 12, 1999 /PRNewswire via COMTEX/ -- Ben Ezra,
Weinstein and Company, Inc. ("BNEZ") (OTC Bulletin Board: BNEZ)
announced today that it is divesting three subsidiaries into separate
Nevada registered corporations. Each corporation will apply with the
NASD to become reporting OTC:BB companies.
"BNEZ shareholders will receive a greater value, in our opinion, by
this division of products and services than they would by keeping
everything under a single corporate roof," said Jack Ben Ezra,
President and CEO of BNEZ.
The three new companies will offer products and services acquired
through acquisitions, and services formally offered through BNEZ,
explained Michael Weinstein, COO of BNEZ. "The Folio based platforms
acquired through InfoDynamics, Internet advisory services and an
Internet capital resource group are going their separate ways,"
Weinstein said. "CapScape, PPM andPMA stay here," he added.
"Once the divestitures are completed," said Ben Ezra, "each of the
three companies will file separately to be listed as reporting OTC:BB
companies. As in the case of Compass Data Systems, Inc. ("Compass"),
each of the spin off companies are prepared to file once the divesting
process iscompleted."
BNEZ shareholders will receive one share of each of the spin off
corporations for every ten shares of BNEZ. The record date of the
spin-offs is July 24, 1999.
"We do not anticipate any further divestitures once these are completed,
" said Michael Weinstein. He added that details regarding each of the
new companies will be released in separate announcements.
The Private Securities Reform Act of 1995 provides a "safe harbor" for
forward-looking statements. Certain information included in this press
release (as well as information in oral statements or other written
statements made to or by Ben Ezra, Weinstein and Company, Inc.)
contains statements that are forward-looking, such as statements
relating to the future anticipated direction of the software industry,
plans for future expansion, various business development activities,
planned capital expenditures, future funding sources, anticipated sales
growth, and potential contracts.
Such forward-looking information involves important risks and
uncertainties that could significantly affect anticipated results in
the future, and accordingly, such results may differ from those
expressed in any forward-looking statements made on or in behalf of Ben
Ezra, Weinstein and Company, Inc.
Those risks and uncertainties include, but are not limited to, those
relating to development and expansion activities, dependence on
existing management, financing activities, domestic and global economic
conditions, changes in federal and state laws, and market competition
factors.
SOURCE Ben Ezra, Weinstein and Company, Inc.
(C) 1999 PR Newswire. All rights reserved.
prnewswire.com -0-
CONTACT: Jack Ben Ezra, CEO of Ben Ezra, Weinstein and Company,
Inc.,
505-880-9799
WEB PAGE: dwturner.com
GEOGRAPHY: New Mexico
INDUSTRY CODE: CPR
SUBJECT CODE: RCN
OTC
*** end of story ***
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