RUMORED NEWS, NEWS and STOCKS GOINGUP

[pennytomillions]

DMWK - New Name M.A.GALES&,CO.,INC.- R/M! Still under radar!

Found this website and spoke to the CEO Michael Gales Friday.
He confirmed Reverse Merger in progress, he was tight lipped but did confirm this PR is current information and that they are in process of reverse merging into DMWK.

http://magalesco.com/resumes/Gales-CV.pdf

http://magalesco.com/about-pr-2010-03-22/


M.A.GALES&,CO.,INC. Purchases Publicly Traded Pink Sheet Company

Prepares for Planned Acquisition of Operating Subsidiary and
Simultaneous Reverse Merger of all related Companies for Public Listing

New York, NY – March 22, 2010 – M.A.GALES&,CO.,INC., a privately-owned acquisition, holding, management and consolidation company in the energy, chemical, infrastructure, and environmental technologies sectors, (as well as hardware manufacturing and related engineering service industries), today announced the purchase of in excess of 90% of the outstanding capital stock of Diversified Mortgage Workout Corporation (OTCPK: DMWK), a public entity company that is currently traded on the Pink Sheets. The acquired Company’s listing is Depository Trust Company (“DTC”) compliant with six market makers and approximately 350 shareholders.

“The purchase of a publicly traded entity is a strategic move intended to accelerate our initiatives with respect to our longer term plans to acquire and accelerate the value of highly qualified, select businesses”, said Michael A. Gales, Chairman and Chief Executive Officer of M.A.GALES&,CO.,INC.. “M.A.GALES&,CO.,INC. intends to achieve publicly traded status through a reverse merger with its acquired Companies. At that time, the name of the purchased public company as well as its ticker symbol will be changed to reflect the Parent Company. Shareholders of M.A.GALES&,CO.,INC. may then begin to realize intended value creation as we enhance the financial performance of the organization and, thus prospectively benefit from the appreciation of the price of its shares.”

About M.A.GALES&,CO.,INC.:
M.A.GALES&,CO.,INC., headquartered in New York, was formed in mid-2008 as an acquisition, management services, holding and consolidation company. Its principal business model is to consolidate synergistic organizations and add proprietary and exclusive rights ownership via global technology transfer. This highly unique distinction in a business model is intended to maximize investor returns from the significant demand for energy technology and equipment, chemical equipment and environmental or “green” products, systems and engineering services. As an acquisition, holding, consolidation and management services company, M.A.GALES&,CO.,INC. seeks to acquire select, targeted businesses, principally private, which have profitable, well established operations, reputable business practices, sustainable high margin growth opportunities and are historically cash flow positive. Acquisition targets include U.S., Canadian and Western European companies with annual EBITDA minimums of US$8 million and revenues from US$50 million to over US$200 million and focusing on energy infrastructure equipment, chemical hard goods, ecological sciences, and environmental (manufacturing, engineering, spare and replacement components, etc.) products and services.