Exhibit 99
Press Release
visionGATEWAY Inc. Announces Letter of Intent for Acquisition of MDSnews
Group Businesses
Marina del Rey CA. October 21, 2005 - Michael Emerson, CEO of visionGATEWAY
Inc., (OTCBB: VGWA), the Enterprise Solutions Development and Distribution
company with a focus on Internet Management and Security, announced the
signing of a Letter of Intent with MDSnews Group of Australia relating to the
acquisition of the businesses of MDSnews Group by visionGATEWAY, Inc. In
order to meet its strategic growth opportunities visionGATEWAY has commenced
formal arrangements to aggregate into the one company, the two synergistic
businesses -- visionGATEWAY and MDSnews -- thus providing greater value to the
combination of clients and shareholders.
Established in 1995, MDSnews is a leading technology company that specializes
in the development of software and quote vending for the financial markets,
providing solutions including real-time comprehensive news and quote services
to retail, corporate and professional financial market participants.
Leon Hinde, the MDSnews CEO, said that the company recognizes the opportunity
to expand its sales potential globally by leveraging this strategic
partnership with visionGATEWAY which would provide immediate access to
visionGATEWAY's global distribution network business model, and also enable
MDSnews to enhance its product and service offerings over the medium term.
Hinde further outlined how he saw the opportunity to immediately introduce
VGWA's products to the MDSnews client base where there was a need for Internet
Resource Management and Security solutions.
About MDSnews Group
The MDSnews Group's core technology is a complete market data, research and
analysis platform for the global financial markets. It consists of a series of
investor tools that interact with an extensive data delivery and storage
system for information derived from the global financial markets. Through its
own online retail distribution channel, the company provides a branded version
of its core technology for retail and professional investors. The technology
is distributed under the brand name "Market Analyser" and is targeted at the
sophisticated active investor.
The company's retail clients pay a monthly fee for access to the various
technology applications and market information services via an online credit
card gateway which is set up to auto debit client's credit cards monthly in
advance. Covering major centres around the world, MDSnews is servicing a
global network of active traders.
Through an international technology and information licensing agreement with
Reuters, the Group has built a global financial market data distribution
network, which feeds into its Market Analyser software. Until now the Market
Analyser has been primarily marketed in Australia. Currently there are over
3,600 paying subscribers and the business has generated in excess of AUD$40
million in revenue since 1995. The Group now intends to replicate this model
internationally.
Currently, the principal distribution channel for the Group business is its
website. The Group management is also pursuing business to business
distribution opportunities for the Market Analyser technology by:
* international direct retail distribution, using their web site or
a distributor's website, or both. The Group has appointed alliance
partners covering the Middle East, United Kingdom, North America
and Asia;
* wholesale distribution through re-branding/white labeling; and
* retail client interface technology which is licensed to brokers.
About visionGATEWAY, Inc.
visionGATEWAY, Inc ("VGWA") is an Enterprise Solutions Distribution and
Development company with a focus on Internet Management and Security. It is
accelerating its growth in key markets USA, Australia, Asia, and Europe.
visionGATEWAY has brought some of its medium term strategies forward to create
greater opportunity for investor and market interest through an enhanced
corporate and solution package that incorporates acquisitions and strategic
partnerships to provide immediate revenue, clients and sales, plus new product
and service offerings.
visionGATEWAY is building a Global Distribution Network using its proprietary
business model to grow sales through strategic partnerships -- these include
the Avnet Partner Solutions distributorships for North America, Australia/New
Zealand and UK, and iProof and NetIntelligence in UK. The arrangements between
visionGATEWAY and iProof & NetIntelligence are the first of a series of
worldwide distribution agreements being brokered by Alan Boyd, former head of
acquisitions at Microsoft and now a Director of the Company.
visionGATEWAY's first product (INTERScepter TM) is an Internet Resource
Management solution. This product is an enterprise business solution that
helps to improve Company earnings by assisting organizations in understanding,
managing and exploiting Internet usage and valuable resources, including
bandwidth, systems and employee productivity. The INTERScepter TM solution
empowers managers to effectively control, schedule and utilize costly Internet
resources, while placing responsibility on users to self manage and modify
their Internet usage behavior.
visionGATEWAY has continued with further product innovation for its
INTERScepter product with the release of the Linux platform version in late
2004 and later in 2005 will release a version for the Home/SOHO markets, as
well as other technical and functional innovations. INTERScepter@Home will be
further facilitated by not only providing a single system solution, but also
providing a "solution on a chip" to be OEM'd with communications systems
manufacturers and communications bandwidth suppliers, particularly the ISP
market.
Forward-Looking Statements
This release contains forward-looking statements, which are made pursuant to
the safe harbor provisions of the Private Securities Litigation Reform Act of
1995. We use words such as "anticipate," "believe," "expect," "future,"
"intend," "plan," and similar expressions to identify forward-looking
statements. Forward-looking statements include, without limitation, our
ability to increase income streams, to grow revenue and earnings, and to
obtain additional Indian gaming and other projects. These statements are only
predictions and are subject to certain risks, uncertainties and assumptions,
which are identified and described in the Company's public filings with the
Securities and Exchange Commission.
CONTACTS for more information:
For more information contact visionGATEWAY, Inc. through Mike Emerson at
+1-310-754-3466, or via e-mail at emersonmf@visiongateway.net. Also visit
visionGATEWAY's website at www.visiongateway.net.
MDSnews Group through Leon Hinde at +61-(0)2-9251-6222, or via e-mail at
lhinde@MDSnews.com. Also, visit MDSnews website at www.mdsnews.com.