DataWorld Solutions Signs Exclusive Investment Banking Agreement with Gruntal & Company, L.L.C.Business Editors FARMINGDALE, N.Y.--(BUSINESS WIRE)--April 12, 2001 DataWorld Solutions, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : DWLD.BB) (Frankfurt - VRX VRX Virtual Resources Executive VRX Voice Receive Mode ), announced today that it has retained Gruntal & Co., L.L.C. (Gruntal) as its exclusive corporate financial advisor and investment banker Investment Banker A person representing a financial institution that is in the business of raising capital for corporations and municipalities. Notes: An investment banker may not accept deposits or make commercial loans. . Gruntal will provide advice and evaluate potential transactions involving public or private offerings of debt or equity securities, acquisitions, mergers, sales of stock or assets, joint ventures, strategic alliances and financing transactions. "This agreement provides DataWorld with an investment banking relationship which we believe is an important element to the continued successful execution of our business plan," said Dan McPhee, 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 DataWorld. McPhee continues, "In conjunction with this agreement, a number of strategic initiatives will be pursued, with the goal of furthering the expansion of our company. We are very excited that Gruntal has decided to become an advisor to the company and will assist us in achieving its future growth initiatives." About Gruntal Gruntal is a full service investment banking and brokerage firm headquartered in 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 . Established in 1880, Gruntal, a founding member of the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. , is one of the oldest and most respected investment banking firms in the country with a proud history of service and financial stability. Gruntal offers a comprehensive line of financial services to small and mid-size emerging growth companies and individuals through its approximately 2,000 employees and 30 branch offices nationwide. "We are pleased to be working with DataWorld and believe their market presence and strategic direction position it well for future growth," said Richard Serrano, Managing Director of Corporate Finance for Gruntal. "DataWorld's management team is aware of developing market opportunities and are diversifying into emerging markets that appear to offer long term stability and consistent growth. We look forward to assisting DataWorld in the process of achieving their goals," added Serrano. About DataWorld DataWorld Solutions, Inc., is a multi-regional, value-added specialty distributor and manufacturer of electronic cable assemblies used in providing connectivity solutions, which includes systems integration, for customers operating a wide range of data systems. This includes linking or connecting standard or proprietary electronic devices and peripheral components from different vendors to provide solutions for various customer requirements. The Company adds value by providing connectivity solutions, which may include distributed sales for passive components such as electronic connectors, electronic wire and cable, cabinets and racks and patch panels, and active components, including hubs, bridges, routers, gateways and modems. DataWorld recently announced its plan to merge with American Access Technologies (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : AATK AATK Always At the Keyboard ), which manufactures proprietary "Zone Cabling" products. The merger is subject to stockholder approval and other customary conditions. DataWorld currently has two assembly plants in New York on Long Island and one in San Jose, California San Jose (IPA: /ˌsænhoʊˈzeɪ/) is the third-largest city in California, and the tenth-largest in the United States. It is the county seat of Santa Clara County. , with over 86 employees. Except for historical matter, the matters in this press release are forward-looking statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. The forward-looking statements reflect assumptions, and involve risks and uncertainties, which might affect the company's business and prospects and cause actual results to differ materially from these forward-looking statements, which are detailed in the company's public filings with the SEC. |
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