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Microcap & Penny Stocks : WCAP - Winfield Capital: Insider buying -- Ignore unavailable to you. Want to Upgrade?

To: KLAW97 who wrote (1123)	12/10/1999 1:56:00 AM
From: Top Jim	Read Replies (2) \| Respond to of 1305

Thursday December 9, 8:09 am Eastern Time Company Press Release Winfield Capital Corp. Reports On Planned Acquisition of a Portfolio Company WHITE PLAINS, N.Y.--(BUSINESS WIRE)--Dec. 9, 1999--Winfield Capital Corp. (NASDAQ:WCAP - news) announced today that InfoSpace.com, Inc. (''InfoSpace'') (NASDAQ:INSP - news) plans to acquire one of Winfield Capital's privately held portfolio companies, Prio, Inc. (formerly SaveSmart, Inc.) of Mountain View, California (''Prio'' or the ''Company''). Prio is a provider of ''e-nabled'' commerce solutions specializing in the development of strategic relationships, technologies and programs that drive commerce in both traditional and online shopping environments. The Company's ''e-nabled'' commerce platform delivers high return for Internet sites and services, online and traditional merchants, and credit card industry partners by presenting personalized, valuable promotions and relationship marketing programs to consumers over the Internet. Winfield Capital purchased 116,279 shares of preferred stock of Prio which will, as the result of the closing of InfoSpace's acquisition of Prio, be exchanged into shares of common stock of InfoSpace. Winfield Capital purchased these shares at a cost basis of $4.30 per share. The exchange ratio is subject to final adjustment at the closing. At the present exchange ratio of .1136, Winfield Capital would receive 13,209 shares of the common stock of InfoSpace. Under the terms of the planned acquisition, shareholders of Prio are to receive registered shares of common stock of InfoSpace. The acquisition is expected to be completed in the first quarter of 2000, and is subject to customary conditions, including the receipt of regulatory approval and Prio shareholder approval. Winfield Capital is a small business investment company which makes equity investments and loans 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 National Market under the symbol ''WCAP''. 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 and is subject to the safe harbor created by those sections. Winfield Capital assumes no obligation to update the information contained in this release. Contact: Winfield Capital Corp., White Plains Paul A. Perlin, Chairman and CEO 914/949-2600 biz.yahoo.com _______________________________________________- Based on INSP's closing price on 12/9, this represents $2,252,135 in value from $500K basis. ROE of 350%. Current NAV of public portfolio as of today's close is $131.7M vs. WCAP market cap of $159M. Compare P/B vs. ICGE (60+), CMGI (15+), and HHGP (4+ w/ only 1 IPO and 2 holdings!). YTD asset appreciation is >$17. YTD (discounted) earnings approx $11. Trailing P/E <3. Q3 ends 12/31, earings mid-Feb. If you haven't already backed up the truck... TJ