M&A West, Inc. Acquires Majority Stake in Online Gambling Portal VirtualWagering.com, Inc

Business Wire, August 3, 1999

SAN BRUNO, Calif.--(BUSINESS WIRE)--Aug. 3, 1999--

M&A West, Inc. (OTC BB: MAWI), a company that develops, invests in and operates Internet and technology related companies, announced today that it has acquired a majority stake in online gambling portal, VirtualWagering.com, Inc. (www.virtualwagering.com).

VirtualWagering.com, Inc., "the safest place to play on the net(TM)," recently announced the launching of the Internet's first casino and sportsbook network.

Current features of the site include playing tips, up to the minute sports scores, a handicapper's database, sports news and betting research, gaming industry news, comp packages and play-for-fun java games. In addition, VirtualWagering.com offers a "no online rip-off guarantee(TM)," ensuring customer trust and providing a higher level of security to potential players.

Scott Kelly, President and CEO of M&A West, Inc. stated, "We are excited to add VirtualWagering.com to our `Virtual' portfolio, which also includes Virtuallender.com (www.virtuallender.com) and VirtualGroceries.com (www.virtualgroceries.com). The Rapid growth and projected continued growth of the online gaming industry provides us an excellent opportunity to reward our shareholders. We hope to spin-off this company in the coming months to take full advantage of this situation."

Web design work and marketing services are provided by Digital Bridge, Inc. (www.digitalbridge.com), a subsidiary of M&A West, Inc.

M&A West, Inc. has four primary business objectives. The first is to become a meaningful player in the acquisition and development of Internet and technology companies. The second is to provide seed capital to newly emerging Internet companies. The third is to provide a full line of business services to emerging micro-cap and small-cap companies to increase awareness of their business. The fourth is to create and grow offshoot Internet-related companies under the M&A West, Inc. umbrella.

M&A West, Inc.'s current investments include Virtuallender.com, Inc. (OTC BB: VLDC), Workfire.com, Inc. (OTC BB: WKFR), E-Business and web design firm, Digital Bridge, Inc., online grocer, Virtualgroceries.com and Linux developer and distributor, OpenExpress.com, Inc.

For more information on M&A West, Inc. please visit www.mawest.com. For more information on Virtualwagering.com, Inc. please visit www.virtualwagering.com.

Safe Harbor: Certain statements in this press release, including statements regarding the anticipated development and expansion of the company's business and the intent, belief or current expectations of the company, its directors or its officers, are "forward-looking" statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements.