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Microcap & Penny Stocks : USWE - US Wireless Data (formerly USWDA) -- Ignore unavailable to you. Want to Upgrade?

To: Maakamil who wrote (290)	5/22/1998 11:53:00 AM
From: Maakamil	Read Replies (1) \| Respond to of 370

Did anyone see this PR? It could prove to be very interesting as far as future developments are concerned: U.S. Wireless Data Retains Leading M&A Advisory Firm BusinessWire, Monday, May 18, 1998 at 05:52 EMERYVILLE, Calif.--(BUSINESS WIRE)--May 18, 1998--U.S. WIRELESS DATA, INC. (OTCBB:USWDA) announced today they have retained the services of Houlihan Lokey Howard and Zukin, a prominent investment banking firm specializing in middle market mergers and acquisitions (ranked 15th in the U.S. closing 1997 with $34 billion in M&A activity). USWD CEO Evon Kelly commented, "Strategically our company's pioneering technology, expertise and major distribution alliances are of considerable interest and value to companies in our industry. It's appropriate now that we are advised and represented on these interesting opportunities developing, and are delighted with our new association with this outstanding team. U.S. Wireless Data, Inc. has developed, tested and is now delivering compelling new proprietary products, programs and standards to the transaction processing and credit card industry which utilize Cellular Digital Packet Data ("CDPD") wireless networks. USWDA delivers the fastest and most cost-effective transaction processing solution to retail merchants in the United States today -- wired or wireless. USWDA will generate recurring revenue from every transaction processed by merchants who utilize the Company's CDPD wireless technology. The Company's strategy will be to deploy its technology through marketing and partnership agreements with major cellular phone companies, regional and community banks, select ISO's and its own sales force.