SAN BRUNO, CA - October 27, 2000 (INB) -- M&A West, Inc. http://www.mawest.com
(OTCBB: MAWI) today announced that it has been approved for listing
on the Boston Stock Exchange under the symbol MAW (BSE:MAW) effective
today.
Benefits of joining the Boston Stock Exchange
include the following:
The BSE offers companies access to the
public markets as well as the ability to participate in the National
Market System. A company who qualifies to list on the BSE may
also be traded on other U.S. exchanges through Unlisted Trading
Privileges (UTP), as mandated by the SEC. UTP allows for increased
liquidity in a stock, and competition in trading the stock through
the Intermarket Trading System (ITS) potentially narrowing the
spread. Some companies choose to dually list on multiple exchanges
and/or on the Nasdaq Small Cap market to further maximize trading
opportunities and exposure to investors.
The BSE is a Self Regulatory Organization,
with regulation performed by the SEC. Trading in a company's
stock is constantly reviewed by surveillance professionals to
ensure the quality of the marketplace and the protection of the
investing public. Furthermore, as an auction exchange, the BSE
has rules in place to prevent short selling on a down-tick. This
is particularly important during the first month of IPOs, and
helps lessen the risk of dramatic downward movement in the company's
stock price.
Upon listing, a company's stock automatically
qualifies for margin (buying on credit) under Federal Reserve
regulations. Qualifying for margin gives shareholders more buying
power and makes the stock more attractive for bank loan collateral,
providing for a potentially broader shareholder base.
According to M&A West, Inc.'s Chairman
and CEO Scott Kelly, "Listing on the BSE is a significant
step in our evolution as a company as we seek an additional listing,
we recognize the value the BSE adds to the nation's capital market
system, and the exceptional trading services that they provide,"
emphasized Kelly.
About M&A West, Inc.
M&A West Inc. has four primary business objectives. The first
is to be a leader in the acquisition. and development of Internet
and technology companies. The second is to provide seed capital
to newly emerging technology companies. The third is to provide
a full line of business services to emerging micro-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 competes in the B2B space
along with Ariba Inc. (Nasdaq: ARBA - news), PurchasePro.com
Inc. (Nasdaq: PPRO - news) and Commerce One Inc. (Nasdaq: CMRC
- news).
The company recently announced that it
will be distributing a stock dividend to its shareholders of
record on November 15, 2000 in the form of shares of Venturelist.com
that it owns. The dividend will be distributed on the basis of
one share of Venturelist.com common stock for every five shares
of M&A West common stock owned as of November 15, 2000. The
company recently filed an SB-2 registration statement with the
Securities and Exchange Commission to register the distribution
of Venturelist shares to M&A West shareholders.
Recent news releases and additional information
about M&A West Inc. may be found on the company's home page
at http://www.mawest.com.
About the Boston Stock Exchange
The Boston Stock Exchange, Inc. (BSE) is a premier, national
equities exchange that offers exceptional market quality, highly
specialized products and services, innovative technology and
outstanding customer service to the investment community. Long
regarded as New England's exchange, the BSE has from its beginnings
played an important part in the development of the region's financial
markets, serving public companies, investment institutions, and
brokerage firms. Also important is the vital role the Exchange
performs today as a national, competitive exchange within the
strongest capital market system in the world. The BSE trades
over 20 million shares each day. Additional information about
the BSE can be found at http://www.bostonstock.com.
Statements regarding financial matters
made by M & A West, Inc. (MAWI) in this press release other
than historical facts are 'forward-looking statements' within
the meaning of Section 27A of the Securities Act of 1933, Section
21E of the Securities Exchange Act of 1934 and as that term is
defined in the Private Securities Litigation Reform Act of 1995.
The company intends that such statements about the company's
future expectations, including future revenues and earnings and
all other forward-looking statements be subject to the safe harbors
created thereby. Since these statements (future operational results
and sales) involve risks and uncertainties and are subject to
change at any time, the company's actual results may differ materially
from expected results. This information is not a recommendation
to buy or sell securities in MAWI.
