WNSH - with 8k and NO news yet - could be a multi-bagger from here
Winsted Holdings, Inc. Signs Letter of Intent
to Acquire a Majority Interest in MultiCom One,
Inc.
Monday March 10, 2008
Northfield, Ill. Winsted Holdings, Inc. (OTC:WNSH)
signed a Letter of Intent to acquire a majority
interest in MultiCom One, Inc. ("MCOI"), a
Diversified Telecommunications company
specializing in providing 4th generation
communications capabilities including fixed and
mobile WiMAX broadband solutions and various IP
applications to residential, small and medium
businesses, home land security and public safety
organizations, schools, local and state
governments, with a core focus on the hospitality,
condominium, and planned community segments.
Winsted CEO Frank Manzo stated, "I am excited that
we are beginning to execute our contemplated
business plan and that the first Company to
announce is one that has timely and exciting
possibilities in the telecommunications field.
MCOI has audited net assets of $2.0 million and
has presented an exciting business plan to us.
This is the first transaction for the Company and
there are several other transactions currently
being evaluated by the Company. This opportunity
is directly related to our intention to broaden
our business plan with respect to incubating
emerging private companies thereby enhancing
shareholder value."
Fred Grant, CEO of MultiCom One, Inc. commented,
"I'm delighted to be working hand and hand with
Winsted's management. Once the merger is complete,
we will begin a rapid expansion of the Company's
presence in various Telecom and Hospitality
sectors".
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