To: AlienTech who wrote (27725 ) 12/22/1999 3:36:00 PM From: AlienTech Respond to of 43080
I need to get some MAWI! err give err short err sell.. M&A West, Inc. Invests in Online Music Entertainment Company SAN BRUNO, Calif.--(BUSINESS WIRE)--Dec. 20, 1999--M&A West, Inc. (OTCBB:MAWI), a company that develops, invests in and operates Internet and technology-related companies announced that it owns a 15% stake with an option to purchase an additional 20% stake of Bay Area-based music company, Ronlan Entertainment (www.ronlan.com). This latest investment by M&A West, Inc. marks the Company's first venture into the entertainment industry. This investment will give M&A West, Inc. the means to bring new musical talent into the public spotlight and distribute their work via the Internet using techniques such as MP3 as well as streaming audio and video made popular by other public companies such as MP3.com, Inc. (Nasdaq:MPPP), CDNow.com (Nasdaq:CDNW), RealNetworks (Nasdaq:RNWK) and AudioHighway.com (Nasdaq:AHWY). Landis Graden serves as the Company's President and CEO, with experience in the industry spanning nearly 20 years. Ronald Blackburn, serves as the Company's Vice President, with over 10 years of experience in the entertainment industry. Ronlan's first rising star SILK-E won MTV's vocal competition, "The Cut." Since then, her first album, "Urban Therapy" has been released and debuted on the Billboard R&B 100. SILK-E's first video is scheduled to be released in January. The Company is currently producing an album for its next artist and is negotiating agreements with several others. Scott Kelly, President and CEO of M&A West, Inc. stated, "The partnership with Ronland Entertainment is not only an exciting step in a brand new direction for us, it is an important strategic step that we've taken to enter the same online arena currently dominated by other Internet companies." Mr. Kelly added, "Within the coming year, we expect the growth of our online music division to be very aggressive. There are a lot of brilliant musicians waiting to be discovered online. That's what Ronlan is going to do." Mr. Kelly now sits as Vice Chairman of Ronlan Entertainment. For more information on M&A West, Inc. please visit www.mawest.com. For more information on Ronlan Entertainment, please visit www.ronlan.com. The corporate Web site for Ronlan Entertainment was developed by M&A West, Inc. subsidiary Digital Bridge, Inc. (www.digitalbridge.com). Digital Bridge, Inc. has been contracted to create and maintain Ronlan's E-Commerce site, which is expected to be online in early 2000. Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward-looking statements be subject to the safe harbors created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results. CONTACT: M&A West, Inc. John Duran, 650/588-2678 (Investor Relations) john@mawest.com Rick West, 650/588-2678 (Media Relations) Rick@mawest.com or Murdock Capital Partners Thomas M. Dean/Edward G. Jones Jr., 212/421-2545 09:02 EST DECEMBER 20, 1999