Bridgeport Communications Signs Definitive Agreement to Acquire WealthHound.com.MIAMI--(BUSINESS WIRE)--June 17, 1999-- Bridgeport Communications Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:BPOT) announced Thursday that it has executed a definitive stock purchase agreement to acquire 100% ownership of WealthHound.com Inc. On May 24, 1999, Bridgeport Communications Inc. (OTC BB:BPOT) announced that it had entered into a Letter of Intent to acquire 100% of the issued and outstanding shares of the company. Due to expedited due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. by both companies, the closing is now scheduled for June 25, 1999. The original closing was scheduled for June 30, 1999. WealthHound.com intends to be the complete Internet solution to personal finance and wealth building. The current beta-version of the site allows users access to proprietary search technology to locate information on companies, financial products, services and market data. WealthHound's research center provides consolidated access to many of the best information resources online. Future products will include stock quotes, charts, news, discussion on stocks, funds, and indices similar to Silicon Investor and CMGI CMGI Commonly Maintained Grounds Infrastructures CMGI College Marketing Group Information (Services) Inc.'s (Nasdaq:CMGI) "Raging Bull." What will distinguish WealthHound.com from Yahoo (Finance) (Nasdaq:YHOO YHOO Yahoo! Inc. (NASDAQ symbol) ), Microsoft Investor (Nasdaq:MSFT MSFT Microsoft (stock symbol) MSFT Movimento Sociale Fiamma Tricolore (Italy) MSFT Multi-Stage Fitness Test MSFT Master of Science in Family Therapy MSFT Macalester Students for Fair Trade ) and GoProfit.com (Nasdaq:DDEQ) will be a partnership program, already underway, that will allow ventures in online trading, banking, home mortgages, and life insurance. These are similar services that are offered by E-Trade Group Inc. (Nasdaq:EGRP EGRP E*Trade Group, Inc. (stock abbreviation, AMEX) ), Telebank Financial (Nasdaq:TBFC TBFC Tony Buck Fan Club ), and Netbank (Nasdaq:NTBK). WealthHound.com Inc.'s web site is located at http://www.WealthHound.com. This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Although the company believes that the expectations reflected in the forward-looking statements and assumptions upon which forward-looking statements are based are reasonable, it can give no assurance that such expectations and assumptions will prove to have been correct. |
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