Ameri-First Financial Group in Negotiations with Wall Street NewsCast, Inc.Business Editors NEW YORK--(BUSINESS WIRE)--Jan. 19, 2000 Ameri-First Financial Group (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: AMFR AMFR Autocrine Motility Factor Receptor ) announces today the Company has signed a non-binding Letter of Intent to acquire New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of based Wall Street NewsCast, Inc. Wall Street NewsCast, Inc. is a privately held Financial Multimedia company based in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. . The company's core business is operated through its widely acclaimed web site at www.wallstreetnewscast.com. The company offers a large venue of services for Public companies; some of which are online conferences, audio and video interviews as well as investor demographics exposure. Wall Street NewsCast, Inc. will be entering the business to business market within the next fiscal quarter. Dallas, Texas “Dallas” redirects here. For other uses, see Dallas (disambiguation). The City of Dallas (pronounced [ˈdæl.əs] or [ˈdæl. based Ameri-First Financial Group is a full service financial institution. The company is involved in diversified financial The diversified financial services segment includes a range of consumer and commercially-oriented companies offering a wide variety of products and services, including various lending products (such as home equity loans and credit cards), insurance, and securities and investment services and investment banking. Ameri-First Financial Group is also owner of Ameri-First Securities, a member NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). and SIPC (Simply Interactive PC) An earlier umbrella term from Microsoft and Intel for a PC that works like a home appliance. For example, it has a sealed case, uses external connectors for expansion and boots in just a couple of seconds. firm. Jeffrey C. Bruteyn, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Ameri-First Financial Group, stated, "the acquisition of Wall Street NewsCast, Inc. will allow Ameri-First to build an Internet presence and ultimately a stronger business model. We feel it's an opportunity for Ameri-First Financial Group to offer the public our services like IPO's, and public secondary's through the use of the Internet and WSNC. We realize the market potential that Wall Street NewsCast, Inc. currently has; and we want to be part of it. Our acquisition will allow Wall Street NewsCast, Inc. to expand its operational and marketing strength. Wall Street NewsCast, Inc. has built a track record of visitors to their web site that is remarkable considering that the company has not committed any capital towards advertising since the inception of operations. We are excited about the potential that the company will bring to Ameri-First Financial Group, and we look forward to finalizing a contract with the company." Currently, Wall Street NewsCast, Inc. through its web site -www.wallstreetnewscast.com- currently receives an average of 175 thousand unique visiting listeners per day with page view hits averaging 800 thousand per day. The web site visiting demographics are 60 percent National and 40 percent International. The majority of the viewers are individual investors but a growing portion of the viewers are institutional. Both companies expect to come to terms on a contract within this first quarter of 2000. Certain information included in this communication contains statements that are forward looking, such as statements relating to the future anticipated direction of the industry, plans for future expansion, various business development activities, planned capital expenditures, future funding sources, anticipated sales growth and potential contracts. These forward-looking statements are subject to a number of known and unknown risks and uncertainties that could cause actual operations or results to differ materially from those anticipated. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion