Reverse Mergers

[zen222]

DMWK .0055 - R/M with M.A.GALES&,CO.,INC.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=63036998

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.”

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