To: MoneyMade who wrote (18529 ) 5/16/1998 8:36:00 AM From: MoneyMade Respond to of 34592
ALBUQUERQUE, N.M., April 22 /PRNewswire/ -- Today, Ben Ezra, Weinstein and Company, Inc. (OTC Bulletin Board: BNEZ) announced that it has received final regulatory approval for its acquisition of Legislative Information Systems. "LIS will be a strong addition to our efforts in the legal publishing area as well as an important cornerstone in our new lines of legal and financial software," said Jack Ben Ezra, President and Chief Executive Officer. The Company also reported that Special Advisor to the Board Dr. Harold Clark is in various stages of negotiation with national software and hardware distributors as well as joint marketing partners. "We are only in negotiations," stressed Michael Weinstein, Chief Operating Officer. "We have always said that distribution is the key to the success of the company," he added, "and, quite frankly, the outcome of these efforts will determine whether we remain viable as a company." The company also announced the intent of its President and Chief Operating Officer to purchase common shares of the company on the open market. "We believe that we are taking a reasonable long-term risk for us," said Ben Ezra. "This decision is based more upon faith in ourselves than in any tangible or real news. We simply think this is a good time for us, personally, to buy." Ben Ezra added that the purchases would be made in accordance with SEC Rule 10b-18. Weinstein, commented that "It would be erroneous for anyone else to purchase the stock simply because we are doing so." The principals have targeted a maximum of $400,000 for the intended purchase over the next thirty days. Ben Ezra, Weinstein and Company, Inc., headquartered in Albuquerque, New Mexico, develops software for both individuals and corporate users in the areas of personal investment and finance. SOURCE Ben Ezra, Weinstein and Company, Inc. /CONTACT: Jack Ben Ezra, Chief Executive Officer or Michael Weinstein, Chief Operating Officer, 505-880-9799, both of Ben Ezra, Weinstein and Company, Inc./ (BNEZ)