SAN BRUNO, Calif.--(BUSINESS WIRE)--Aug. 10, 1999--
M&A West, Inc. (OTC BB:MAWI), a company that develops, invests in and operates Internet and technology related companies, announced today that it has acquired 100% of the assets of Internet Marketing Associates, Inc. of Reno, Nev.
Internet Marketing Associates, Inc. owns over 50 websites and domains representing E-Commerce opportunities in finance, online gaming, E-Retailing and others.
Scott Kelly, president and CEO of M&A West, Inc. stated, "The acquisition of these assets provides us an excellent opportunity to strengthen our recently acquired subsidiaries. We plan to integrate domains such as Luckydeck.com, Footballsportsbook.com and dozens more into our recently acquired subsidiary, VirtualWagering.com (www.virtualwagering.com), as well as integrate domains such as Healthkingdom.com and Nutriclicks.com into VirtualGroceries.com (www.virtualgroceries.com) and Virtualappraiser.com into Virtuallender.com (OTC BB:VLDC) (www.virtuallender.com)."
Kelly went on to say, "We also have acquired active websites such as Siliconvalleysoftware.com (www.siliconvalleysoftware.com) and Microcapcenter.com (www.microcapcenter.com) which we can further develop, market and exploit. The recent success of the IPO of Internet Capital Group (Nasdaq:ICGE) has fully validated our approach to E-commerce and the Internet."
M&A West, Inc. has four primary business objectives. The first is to become a meaningful player in the acquisition and development of Internet and technology companies. The second is to provide seed capital to newly emerging Internet companies. The third is to provide a full line of business services to emerging micro-cap and small-cap companies to increase awareness of their business. The fourth is to create and grow offshoot Internet-related companies under the M&A West, Inc. umbrella.
M&A West, Inc.'s current investments include Virtuallender.com, Inc., Workfire.com, Inc. (OTC BB:WKFR), E-Business and web design firm, Digital Bridge, Inc. (www.digitalbridge.com) and Linux developer and distributor OpenExpress.com, Inc.
For more information on M&A West, Inc. please visit www.mawest.com.
Safe Harbor: Certain statements in this press release, including statements regarding the anticipated development and expansion of the company's business, and the intent, belief or current expectations of the company, its directors or its officers, are "forward-looking" statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements.
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