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Microcap & Penny Stocks
DNRE

An SI Board Since September 2003

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Emcee: mtnres	Type: Unmoderated

Introduction Compact

Donar Enterprises, Inc. Announces Growth Through Acquisition Strategy
5/1/2003 1:09:00 PM
PHILADELPHIA, May 1, 2003 (BUSINESS WIRE) -- Donar Enterprises, Inc. (DNRE), a provider of formatting and EDGAR(R) filing services for companies and individuals that desire to submit electronic filings to the U.S. Securities and Exchange Commission ("SEC"), Thursday announced that it will commence a search for suitable acquisition candidates within its industry in the next 30-days.

"We believe the current marketplace of established EDGAR filing service providers is highly fragmented, with literally dozens of such providers located throughout the country. As such, we believe that there is an opportunity for a publicly traded EDGAR filing service provider, such as ours, to acquire several, smaller and more established providers," said William Tay, president and CEO of Donar Enterprises, Inc.

Tay added, "Ideally our candidates should generate between $100,000 and $1 million in annual revenues and be profitable. We expect to acquire companies which complement our position in the industry and which have a customer base that can be expanded."

"We expect to make all of our acquisitions using our common stock for the purchase price, thus saving our cash for the expansion activities of the acquired companies."

Donar Enterprises, Inc. is engaged in the business of converting and filing registration statements, periodic reports and other forms of small to mid-sized public companies with the SEC electronically through EDGAR. EDGAR, the SEC's Electronic Data Gathering, Analysis, and Retrieval system, performs automated collection, validation, indexing, acceptance and forwarding of submissions by companies and others who are required by law to file forms with the SEC.

EDGAR(R) is a federally registered trademark of the U.S. Securities and Exchange Commission. Donar Enterprises, Inc. and its web sites are not affiliated with or approved by the U.S. Securities and Exchange Commission.

Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Act of 1995.

Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, continued acceptance of the company's services, increased levels of competition for the company, lower barriers to entry, new products and technological changes, and other risks detailed from time to time in the company's periodic reports filed with the Securities and Exchange Commission.

SOURCE: Donar Enterprises, Inc.

Go to reply# or date (mm/dd/yy):

Reply	Message Preview	From	Recs	Posted
3	Donar website URL: donarenterprises.com	mtnres	-	9/1/2003
2	Donar 10QSB: sec.gov Additonal recent filing: sec.gov	mtnres	-	9/1/2003
1	Company Profile for DONAR ENTERPRISES, INC. 5/9/2003 10:40:00 AM May 09, 2003	mtnres	-	9/1/2003

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