Mach One Corporation Announces the Acquisition of Austin Helix, Inc.
10 November 1999
Mach One Corporation Announces the Acquisition of Austin Helix, Inc.
LOVELAND, Colo.---Nov. 10, 1999--Mach One Corporation (OCTBB:MACH) announced today that it has acquired Austin Helix, Inc. of Dallas, Texas.Pursuant to the terms, Mach One issued 450,000 shares of restricted common stock and cash for 100 percent of the assets (primarily U.S. Patents, trade secrets and design specifications) of Austin Helix, Inc. Mach One currently has approximately 6.8 million shares outstanding.
Austin Helix developed and manufactures a novel and improved adjusting mechanism for open-end wrenches of the crescent type. "This acquisition is another step in our overall plan to deliver state of the art automotive and road safety products to the consumer," said Gregory Kaiser, President of Mach One.
"This is an exciting addition to our existing product line," which includes Mach One XL Oil Fortifier for gas/diesel, two (2) stroke and marine engines, Mach One Fuel Additive, Mach One Nut Buster all purpose lubricant and the Mach One Emergency Road Kit (which includes 10 ft. battery jumper cables with LED test probe, roadside flashing strobe, six way screwdriver and now the Helix slide adjustable open-ended wrench).
About Mach One
Mach One was established in 1994 as a division of Advanced Marketing Analysis. The primary focus of Mach One is to assist owners/developers of new product ideas with market analysis of their product from marketing to production to distribution at the consumer level.
Once the potential of the product has been determined to be favorable, Mach One will sign an exclusive marketing agreement. From here Mach One's marketing team will begin developing production schedules, identifying all markets where these products can be sold and setting up through our associate agents the necessary national and or international distribution network.
To learn more about Mach One, contact Gregory Kaiser at 970/669-5292 or via e-mail: mach1@verinet.com.
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release (as well as information included in oral statements or other written statements made or to be made by Mach One Corporation) contains statements that are forward looking, such as plans for future expansion, various business development activities, planned capital expenditures, future funding sources, anticipated sales growth and potential contracts. Such forward looking information involves risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of Mach One Corporation. These risks and uncertainties include, but are not limited to, those relating to development and expansion activities, dependence on existing management, financing activities, domestic and global economic conditions, changes in federal or state tax laws and market competition factors.