Bridgeport Communications and WealthHound.com Set New Date for Acquisition.MIAMI--(BUSINESS WIRE)--June 30, 1999-- Bridgeport Communications Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:BPOT) and WealthHound.com Inc. announced Wednesday that 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. was completed by both companies and has set a new date for the acquisition of 100% of WealthHound.com Inc. In the June 17, 1999 announcement of the signing of a definitive acquisition agreement, Bridgeport Communications Inc. (OTC BB:BPOT) also announced that it intended to shorten the time required for the announced closing on June 30, 1999. Completion of due diligence and routine administrative procedure has resulted in a delay of the original closing date. The new closing date, agreed to by both companies, will be July 9, 1999. 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. WealthHound.com is a personal finance and wealth-building portal. The current beta version of the site uses proprietary search technology to give users access to 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 (OTC BB:DDEQ) will be a unique partnership program, already underway, featuring ventures in online trading, banking, home mortgages and life insurance. These are similar to services 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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