WAMEX (fka WAMX)

[jorjenzak]

Thursday May 25, 1:05 pm Eastern Time
Company Press Release
WAMEX Holdings Inc. Enters Into Negotiations with Financial Portal
NEW YORK--(BUSINESS WIRE)--May 25, 2000--WAMEX Holdings Inc.(OTC BB: WAMX), an internet and technology company dedicated to creating and dominating an alternative market and exchange for individuals and institutional investors, today announced that it has entered into negotiations with a financial portal.

Russell Chimenti CAO, stated, ``WAMEX has entered into discussions with one of the Web's most exciting new financial portals to provide ATS members with real-time dynamic streaming financial information. We are presently discussing a wide range of strategies that would include a strategic partnership or possibly an equity participation in the portals future.''

Mitchell H. Cushing, Chairman and CEO, stated, ``Business to business, trading and financial information are the fastest growing and strongest sectors of the internet. We believe it will continue to grow exponentially. Yesterday's Congressional vote, which paved the way to open the doors of China and link Chinese investors to the global financial community was an event that should magnify this perception. The Asian markets have an affluent, active and savy investor base that have the potential to grow to a quarter of the world's investment community. WAMEX contends that as this population grows and integrates with the global financial community, they will be seeking alternatives to the present structure of e-trading which will effectively be obsolete when ATS's are deployed.''

``The discussions in which we are presently engaged, have very far reaching effects on the overall strategy of the Company to capitalize on these developments and to expand beyond ATS applications and become a financial universe of products and services,'' concluded Cushing.

The WAMEX lead product, the WAMEX Alternative Trading System (ATS), www.wamex.com, addresses one of the largest and most active industries worldwide. The proprietary system enables a community of self-empowered investors to consummate transactions more efficiently and at a lower cost.

Safe Harbor Statement: This release may contain certain forward looking statements that are made pursuant to the safe harbor provisions of the Private Securities and Litigation Reform Act of 1995. Actual events or results may differ from the Company's expectations.


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Contact:

WAMEX Holdings, Inc.
IR Phone: [phone]
IR Fax: [phone]
(As of April 7, 2000)
or
DeMonte Associates



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