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Microcap & Penny Stocks : Anderson Computers/Tidalwave (ACPT) : Internet Play -- Ignore unavailable to you. Want to Upgrade?


To: cabernetfranck who wrote (44)5/26/1999 2:49:00 PM
From: marketmaven  Respond to of 81
 
Company Press Release
James Baker Joins Anderson Computers
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--May 25, 1999--Anderson Computers/Tidalwave Corp. (OTC BB:ACPT) announced that James E. Baker has been appointed as the new Vice-President of corporate development. Mr. Baker's impressive and successful background is seen as a significant advance in the Company's growth.

Prior to being named Anderson Computer Vice-President, Mr. Baker was most recently legal counsel for Statewide Lending Centers Inc., Citizen's Title Services Inc., National Homebuyers Help Center Realty Corp., Mortgage 2000, and S&S Ltd. (B.W.I.).

As well as general corporate responsibilities, Mr. Baker was responsible for license and compliance issues, employee/employer relations, corporate planning and strategy. He created RESPA approved affiliated business arrangements allowing Citizens Title Services Inc. to build a strong customer referral base. Being a former trust officer for Bank One Trust Co. NA, (NASDAQ:ONE - news), he also managed assets and structured benefit packages for the principles.

Mr. Baker was instrumental in structuring a corporate buy out of Florida's oldest privately held mortgage bank, including due diligence, risk analysis, and buy out terms and compliance. As a result, Mr. Baker went on to create and license the newly formed mortgage bank for former management. He then acted as general counsel and prepared that company for merger with a public company.

Mr. Baker, a graduate of Ohio State University earned his law degree from Western State School of Law in 1982. He is also a public seminar speaker on ''The Truth About Investing and Returns.''

Mr. Baker who has been instrumental in raising funds for public and private companies replaces Vice-President Barbara Anderson effective June 1, 1999. Mrs. Anderson has also resigned as Secretary and Director. ''Mr. Baker and his expertise in seeking joint ventures or acquisitions is a significant addition to Anderson Computers. His performance should substantially increase shareholder value,'' stated President Leon Kline.

The Anderson Computers website; tidalwavepc.com is designed to be your online computer source for the best deals on the web today.

A state of the art e-commerce site, that offers brand names from Microsoft (NASDAQ:MSFT - news), Intel (NASDAQ:INTC - news), Hewlett Packard (NYSE:HWP - news), Cisco Systems (NASDAQ:CSCO - news), Toshiba, Novell (NASDAQ:NOVL - news), 3Com (NASDAQ:COMS - news), Seagate (NYSE:SEG - news), Adaptec (NASDAQ:ADPT - news) and more, simply click on the type of PC you are interested and click customize. You can custom build from name brand parts and buy direct from the manufacturer. Onsite warranties from 1 to 4 years are available.

Anderson Computers / Tidalwave known for selling a wide range of computers and computer equipment via the internet will continue to research and develop innovative lead products and services while increasing exposure of its existing products and services through affiliations with recognized manufacturers and distributors.

''It is our goal to continually provide the computer consumer with the best combination of price, value, and service,'' stated Anderson President Leon Kline.

Safe Harbor for Forward-Looking Statements: Except for historical information contained herein, the statements in this Press Release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in the future periods to differ materially from forecasted results.

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Contact:

Anderson Computers / Tidalwave Corp. (ACPT)
Investor Relations / 954-255-6753

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To: cabernetfranck who wrote (44)5/27/1999 10:02:00 AM
From: marketmaven  Respond to of 81
 
Anderson Computers Signs Letter of Intent to Acquire Mortgage Depot Online.com
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--May 27, 1999--Anderson Computers/Tidalwave Corp.(OTC BB:ACPT - news) announced today that the company has signed a letter of intent to acquire Mortgage Depot Online Corp.

After the close of this acquisition, Mortgage Depot Online will be a wholly owned subsidiary of Anderson Computers/Tidalwave Corp.

Mortgage Depot Online was founded by Byron Webb, the owner of the successful Webb Mortgage. The company will concentrate on generating mortgage origination's from their Internet web site which is set to officially launch June 1, 1999. The company's president and CEO will be Byron J. Webb, founder of Webb Mortgage Corp., a full service mortgage brokerage business that originates over $50 million per year in loan volume, whose main office is located in Boca Raton, Fla.

Mortgage Depot Online is expected to be doing loan volumes in the 40 to 60 million dollar range within the next twelve months. Mortgage Depot Online will first be targeting Internet users within the state of Florida which has a total population of 14 million. Currently, more than 6 million of Florida residents have daily access to the Internet which makes Florida the perfect state for Mortgage Depot Online to launch its Internet based virtual mortgage company.

Mortgage Depot Online will also work to obtain operations in other states such as Texas, New York, California as well as other states that have growth potential for the mortgage business. The growth potential for Mortgage Depot Online can be compared to the volumes and market share of the now famous E-Loan whose business is over the 1 billion dollar mark in mortgage origination's.

E-Loan's partners include Yahoo!(Nasdaq:YHOO - news), E-Trade (Nasdaq:EGRP - news) and DLJ Direct (NYSE:DLJ - news). Quicken Mortgage, currently ranked number two in online mortgages, has partners that include America Online (NYSE:AOL - news), Excite (Nasdaq:XCIT - news) and Intuit (Nasdaq:INTU - news). Rounding out the top five is Homeshark who does approximately $500 million in home origination's. Homeshark partners include Internet companies Lycos (Nasdaq:LCOS - news) and Infoseek (Nasdaq:SEEK - news).

Mortgage Depot Online will utilize ad banners placed on America Online (NYSE:AOL - news) and align itself with all of the major search engines. Potential homeowners and mortgage shoppers will be able to apply online and have e-approval within seconds knowing the current mortgage rates fees and programs.

Begin handling your mortgage needs today by visiting the Mortgage Depot Online website at http:www.mortgagedepotonline.com

Safe Harbor for Forward-Looking Statements: Except for historical information contained herein, the statements in this press release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the company's actual results in the future periods to differ materially from forecasted results.

Note to Editors: The words ''E-Trade,'' ''E-Loan'' and ''e-approval'' actually contain asterisks instead of hyphens. Asterisks may not transmit correctly across the wire.

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Contact:

Anderson Computers/Tidalwave Corp. (ACPT)
Investor Relations, 954/255-6753

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More Quotes and News: Anderson Computers/Tidalwav



To: cabernetfranck who wrote (44)6/1/1999 12:05:00 PM
From: marketmaven  Read Replies (1) | Respond to of 81
 
News about the mortgage deal looks great, but it hasn't helped the stock price yet. Must be the recent "internet malaise" keeping it down temporarily!