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.

Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: Jim Bishop who wrote (65584)	9/29/2000 4:10:12 PM
From: john	Read Replies (2) \| Respond to of 150070

NS WIRE) PNW Capital Announces Acquisition of PB+J Inc. PNW Capital Announces Acquisition of PB+J Inc. Business Editors DENVER--(BUSINESS WIRE)--Sept. 29, 2000--PNW Capital Inc. (OTCBB:PNWC) is pleased to announce the acquisition of Peanut Butter + Jelly, Inc. (PB+J Inc.), a company poised to enter the national and international plastic bag industry. PB+J has developed an innovative magnetized packaging and dispensing system for plastic bags and dryer sheets. The products have excellent name and visual appeal, offer enhanced convenience and represent a timely innovation for the industry. PB+J had test markets in Safeway and City Market Stores with favorable consumer response. It also has had extensive talks with Kmart Stores and Walmart Stores. The company did receive a purchase order from Target Stores. However, at the time, PB+J could not meet demand. PB+J founder Joseph L. McFarland Jr. stated, "This is a wonderful opportunity for PB+J to gain position in the marketplace. The corporate objectives will focus on re-establishing PB+J's relationships with well-known retail stores for product distribution and developing name brand and product recognition." Joseph L. McFarland Jr. and PB+J President Daniel C. Silva have joined the board of directors of PNWC and will become officers of the company. Additionally, PB+J plans to launch their informational website next week. This press release contains forward-looking statements regarding PNW Capital Inc. and its future sales related activities. Actual results could differ materially from those described or implied in this press release as a result of a number of factors. These include but are not limited to the future growth of these markets, any adverse actions by the company's partners, competitive products, other economic factors affecting the company's markets, the degree of acceptance that new products achieve, and seasonal changes. --30--jlm/in* CONTACT: PNW Capital Inc. Dan Silva Tel: 303/972-9003 KEYWORD: COLORADO INDUSTRY KEYWORD: CHEMICALS/PLASTICS MERGERS/ACQ Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com * end of story *