Home > Boards > Free Zone > User's Groups > MarketBeasts (MBC)

MarketBeasts.com Signs a Letter of Intent to Acquire

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
spiel2001 Member Profile
Member Level Grandfathered Member
Followed By 2
Posts 532
Boards Moderated 0
Alias Born 08/23/01
160x600 placeholder
Powell Imposes Personal-Investing Restrictions on Fed Officials; Turkey's Central Bank Cuts Rate
Good day. Senior Federal Reserve officials are now subject to sweeping personal-investing restrictions that will hold them to trading broad-based investment vehicles such as mutual funds, according to new rules imposed by Chairman Jerome Powell following a stock-trading controversy that prompted two regional Fed bank presidents to resign. Some in Congress seized on the questionable trading, first reported last month by The Wall Street Journal, to criticize Mr. Powell, who they think is too friendly to Wall Street on bank regulation. The controversy has dented but not derailed Mr. Powell's chances for a second term. Elsewhere, Turkey's central bank cut its benchmark interest rate amid rising inflation. The move followed President Recep Tayyip Erdogan last week dismissing three top bank officials.
HCA Increases Full-Year Earnings, Revenue Guidance
HCA Healthcare 3Q Revenue Increases; ER Visits Up Sharply
Merck Gets European OK for Keytruda in Triple-Negative Breast Cancer
Russia's Central Bank Raises Key Interest Rate, Warns of Further Increases
American Express Logs 3Q Growth Amid Higher Restaurant Spending
Honeywell Lowers Sales Guidance on Supply-Chain Constraints
Honeywell 3Q Profit Rises Despite Supply-Chain Constraints
Regeneron, Sanofi: Dupixent Hits Main Endpoints in Prurigo Nodularis Trial
Stocks Rise as Evergrande News Lifts Asia
North American Morning Briefing: Stock Futures Pause After S&P 500 Hits Record
Sterling Pares Losses After UK PMI Data
Top Company News of the Day
Prudential to Redeem $2.25 Billion of Bonds
HydrogenPro to End Work on Normandy Hydrogen Project
Gains for Miners Lift FTSE 100
L'Oreal Shares Rise on 3Q Sales Beat, Outweighing Cost-Inflation Concerns
FTSE 100 Tipped to Open Higher as Asia Gains on Evergrande News
London Stock Exchange 3Q Total Income Rose
Ericsson Accused by US DOJ of Breaching Deferred Prosecution Agreement
Air Liquide Third-Quarter Revenue Rose
Generali Given Green Light for Cattolica Acquisition by European Commission
Stellantis, Samsung SDI to Make EV Batteries in North America
EMEA Morning Briefing: Evergrande Staves Off Default With Interest Payment
Sika's Nine-Month Sales Rose to a Record
spiel2001 Member Level Grandfathered Member Tuesday, 11/26/02 04:39:33 PM
Re: None
Post # of 838 
MarketBeasts.com Signs a Letter of Intent to Acquire a Privately Held Software Company
KISSIMMEE, Fla., Nov. 26, 2002 (PRIMEZONE) -- MarketBeasts.com LLC announces the signing of a Letter of Intent on November 25, 2002 in which MarketBeasts.com will acquire full ownership of a privately held software company to be executed upon completion of the previously announced merger between MarketBeasts.com LLC and Broadway Capital, Inc. While neither the acquisition terms nor the name of the target company can be released at this time, the company did note the acquisition would be affected by way of a share exchange at the expense of the existing MarketBeasts.com principals and requiring no dilution of MarketBeasts.com.

Founding member Scott Piel noted: "This acquisition brings a great deal to the table for our company. Specifically, it gives MarketBeasts.com significant intellectual property assets, material contracts, a staff of skilled programmers and technical support personnel as well as administrative experience and the hardware infrastructure we will need to deliver our data services. More importantly, this acquisition immediately propels us from a developmental stage company to a debt-free company with a mature revenue stream in excess of $2 million annually and a positive EBIDTA in excess of $650,000 annually notwithstanding the additional revenues and earnings anticipated from the development and implementation of our own data services."

About MarketBeasts.com

MarketBeasts.com, headquartered in Central Florida, operates an on-line data and information service at http://www.MarketBeasts.com targeted specifically to non-professional securities investors. The company's principal goal is to close the information gap that exists between professional and non-professional investors at a competitive price through the acquisition and distribution of the most reliable, complete, accurate and timely market data as can be obtained. Membership at the MarketBeasts.com is free and without hidden costs, offering both free and subscription-based services. For additional information, contact MarketBeasts.com at 321-697-0552.

Safe Harbor Statement:

Except for the historical information contained herein, the statements in this press release are "forward-looking" statements that are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company's actual results in the future to differ materially from forecasted results. These risks and uncertainties include, among other things, product price volatility, product demand, market competition and risk inherent in the operations of a company.

CONTACT: MarketBeasts.com LLC
K. Scott Piel
(321) 697-0552
inquiry@MarketBeasts.com

http://www.primezone.com/pages/news_releases.mhtml?d=34284



Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist
Consent Preferences