Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : The OTCBB Garbage Dump -- Ignore unavailable to you. Want to Upgrade?

To: LANCE B who wrote (2481)	9/28/1999 1:06:00 PM
From: Wayne Rumball	Read Replies (2) \| Respond to of 2942

ARDSLEY, N.Y.--(BUSINESS WIRE)--Sept. 28,1999--Worldwide Equipment Corp. (OTC BB:WWDE) today announced the purchase of Best Rate International, Inc., a provider of Internet access, by its partially-owned subsidiary, Aro of America, Inc. The company said Aro of America has signed a definitive agreement to purchase 100% of Best Rate International, Inc., a master distributor of Freewwweb, a provider of free Internet access. Freewwweb has approximately 100,000 subscribers in North America and Canada currently using its Freewwweb. Best Rate's website is www.bestratenow.com. Also announced by Worldwide Equipment Corp. was the sale of its subsidiary International Tractor Co. to its president. Terms of the sale were not disclosed. International Tractor is expected to report losses for the third consecutive year. "The purchase of Best Rate International, Inc. is a change in direction for the company, providing an opportunity to participate in the exciting and ever-expanding Internet commerce business and its growth potential," stated Mitchell Hymowitz, Interim president of Worldwide Equipment Corp and Aro of America,Inc. "Safe Harbor" Statement Except for the historical information contained herein, certain of the matters discussed in this press release are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995, which involve certain risks and uncertainties, including but not limited to, changes in general economic conditions, material prices , labor costs, interest rates, consumer confidence, competition, environmental factors, and governmental regulations affecting the company's operations. --30--jd/mi* CONTACT: Worldwide Equipment Corp., Ardsley Mitchell Hymowitz, C.F.O., 914/693-0300