New York, NY, November 8, 2000 -- The investment banking firm of Whitestone Communications has concluded representation of Worldly Information Network, Inc., the leading provider of global financial information and the producer of worldlyinvestor.com and Lionshares.com, in its successful acquisition of three financial newsletter publishers.
Based in New York, Worldly Information Network has acquired:
A monthly mutual fund newsletter dedicated to the proposition that a portfolio of mutual funds with synergistic fit will provide the most efficient reward-for-risk relationship for a wide range of risk tolerance levels of mutual fund investors.
A monthly newsletter for investors seeking to build an international portfolio of stocks and bonds from around the world. The publication covers American Depositary Receipts and other foreign stocks and bonds trading the U.S. and closed-end country funds.
Often quoted in Worth, Forbes, Barron's, The Wall Street Journal, Money and other leading financial publications, Perritt lists top-rated funds, provides model portfolios for a wide range of investment objectives, and spotlights funds poised to deliver exceptional profits. Worldly Information Network produces www.worldlyinvestor.com, which is dedicated to providing unique insight into the global financial marketplace and its impact on the U.S. investor, and www.LionShares.com, which provides high-quality institutional securities ownership data. www.worldlyinvestor.com is the most acclaimed global financial information site on the Web. Among the publications that have honored it are Forbes, Fortune, Barron's, Money, Business Week, Online Investor, Smart Money and The Washington Post. Worldly Information Network arms investors with the information they need to find profit-making opportunities around the globe.
Worldly Information Network (WIN) retained Whitestone in early 2000 to conduct a focused acquisition effort aimed at helping WIN acquire quality financial newsletters to be marketed through its web site, Worldly Investor.com. Whitestone screened some 125 candidates on behalf of WIN and contacted some 40 company owners before narrowing its search for WIN to the final three candidates that were acquired in October.
"We researched the entire financial newsletter industry and developed an extensive database on this field which will be useful for other buyers looking to make acquisitions in this area," noted Whitestone President Baran Rosen.
For more information, contact Baran Rosen, president, Whitestone Communications, 212 957-7100, ext. 17, or e mail bsrosen@whitestonecom.com or, for WIN, Richard Gersh, Richard Gersh & Associates, 212 757-1101 (e mail: dickgersh@gapr.com).
