KISSIMMEE, Fla., Oct. 17, 2002 (PRIMEZONE) -- MarketBeasts.com and Broadway Capital, Inc. have signed a Letter of Intent on October 16, 2002 for the acquisition of Broadway Capital, Inc. and merger with MarketBeasts.com. This is the first step required to take MarketBeasts.com public. The remaining steps will require approval of the filings with the SEC in the near future. Scott Piel said, "MarketBeasts.com's success depends on customer service and timely data which has been achieved. We look forward to expanding our online services per our customers' needs." Broadway Capital, Inc. will be renamed to MarketBeasts.com.
About MarketBeasts.com
MarketBeasts.com, headquartered in Central Florida, operates an on-line data and information service at http://www.MarketBeasts.com targeted specifically to non-professional investors. The company was founded by two active investors: Scott Piel, a Networking and Software Engineer with over twenty years experience, and, Jeffrey L. Harrison, a Graphics Design, Advertising and Marketing Specialist with over thirty years experience. The company's principal goal is to close the information gap that exists between professional and non-professional investors at a competitive price. Membership at the MarketBeasts.com is free and without hidden costs, offering both free and subscription-based services. For additional information, contact MarketBeasts.com Customer Service at 503-325-9282.
Safe Harbor Statement:
Except for the historical information contained herein, the statements in this press release are 'forward-looking' statements that are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company's actual results in the future to differ materially from forecasted results. These risks and uncertainties include, among other things, product price volatility, product demand, market competition and risk inherent in the operations of a company.