Gateway Announces Gateway Venture Holdings.Business Editors/Health/Medical Writers LAS VEGAS--(BUSINESS WIRE)--May 17, 2004 Gateway (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :GWDL GWDL Grundwehrdienstleistender (German) ) announced that it has formed a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Gateway Venture Holdings, that will allow its customer base to establish credit payment plans. This will allow the company to sell larger quantities and increase its revenues. In addition, the company will expand its business strategy to include real-estate investments, capital financing, and acquisitions. It will be a subsidiary of Gateway and Gateway will have 100% ownership. Rick Bailey, president/chief executive officer, said, "This will allow us to increase our sales by allowing our customers a payment plan based on credit history. We will be aggressively pursuing higher volume sales with our established accounts. It also allows us to compete for the entire customer base. This plan will be tested on our upcoming infomercial at the end of the month when we allow the customer to make three easy payments verses a one time cash payment. Currently, one of the areas that Gateway Venture Holdings is concentrating on is real estate in Las Vegas where the headquarters of Gateway is located. Efforts are being placed on revenue generating ventures. This should help enhance our overall revenues and add to our asset base." A number of statements contained in this press release are forward-looking statements, which are made pursuant to the Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. 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. These forward-looking statements involve a number of risks and uncertainties, including the timely development, and market acceptance conditions, successful integration of acquisitions and the ability to secure additional sources of financing. The actual results that GTWY GTWY Gateway may achieve could differ materially from any forward-looking statements due to such risks and uncertainties. |
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