JRWA, INC. Completes Acquisitions, Expands Operations

Strategic Insights -

JRWA, INC. has successfully completed its acquisitions of subsidiary companies, strengthening its position in the computer re-selling, consulting, and Internet industries. The newly acquired companies, including Resources Development Association, Corp., PearlNet, LLC, Millennium Information Systems, Inc., and Desara Enterprises, Inc., have signed contracts and are now part of the JRWA, INC. network. The combined income for these companies totals approximately $1,000,000 in gross un-audited revenue for the year to date.

Key Takeaways:

  • Resources Development Association, Corp. (RDA) consists of two divisions: Magastar Computers, a computer re-seller, and The Frontier Consulting Group, an Enterprise Systems management Services Company.
  • PearlNet, LLC offers comprehensive range of services including network design, implementation and maintenance, consumer Internet access, dedicated business lines, Web hosting and server location.
  • Millennium Information Systems, Inc. (MIS) specializes in Enterprise Resource Planning software implementation services and provides technical expertise in solving Year 2000 compliance problems.
  • Desara Enterprises, Inc. (DEI) is a healthcare consulting company that offers integrated HIS solutions for large and complex healthcare organizations, focusing on patient-care quality, cost reduction, and process efficiency.
  • JRWA, INC.'s management aimed to enhance operations by combining computer re-selling, consulting, and Internet companies, and acquired small and medium-sized companies to compliment each other's strengths, services, and core strategies.
  • The acquisitions were made pursuant to the "safe harbor" Provisions of the Private Securities Litigation Reform Act of 1995, with forward-looking statements involving risks and uncertainties, including continued use of the Company's services and labor resource availability.

Statistics:

  • Combined income for the acquired companies is approximately $1,000,000 in gross un-audited revenue for the year to date.
  • JRWA, INC. has established a network of six companies, including RDA, PearlNet, LLC, MIS, DEI, and two subsidiary companies of JRWA, INC.

Sources:

  • JRWA, INC. (OTC Bulletin Board: MMDD) press release, October 21
  • Private Securities Litigation Reform Act of 1995
  • World Wide Web: http://www.jrwa.com