[0] Sound Designs Annual Meeting Results.Business Editors ADDISON, Texas--(BUSINESS WIRE)--May 25, 2000 SOUND DESIGNS, INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :SODE) held its annual shareholders meeting on May 17, 2000. At the meeting the shareholders adopted and approved four actions for the Company. They included: 1. Approved and appointed Max Golden, Mack Lawrence, and John Reynolds There are several men named John Reynolds:
2. Approved the name change of the Company from Sound Designs, Inc. to Plus Solutions, Inc. 3. Approved and adopted the stock plan. 4. Approved and authorized the Company to issue up to 10,000,000 shares of preferred stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. . Chairman and President Max Golden made the following statements, "The actions the shareholders have taken are significant in the transition of moving from Sound Designs to Plus Solutions from an identity standpoint. In addition, the other actions give us additional flexibility for raising equity for the Company and towards attracting and retaining employees and managers." Plus Solutions offers a web-based interactive Business-to-Business procurement solution under the brand name "Expressorder(TM)". Plus Solutions believes there is a current opportunity to dominate a niche market with its outsourced turnkey approach, which differs significantly from software "toolboxes" offered as corporate purchasing "solutions". The Business-to-Business E-Commerce market is expected to reach $1.3 Trillion by 2003 per Forrester Research. The GartnerGroup, Inc. also anticipates that worldwide B2B E-Commerce (Business to Business Electronic-COMMERCE) Refers to one business selling to another business via the Web. See e-commerce. will surpass $7.29 Trillion by 2004, of which the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. region accounts for more than $2.84 Trillion. Plus Solutions global vision will help to target strategic business relationships, as well as broad-based marketing strategies to penetrate this exploding sector. On behalf of the Board of Directors, (Signed) Mr. Max Golden, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. THE MATTERS DISCUSSED IN THIS NEWS RELEASE AND, IN PARTICULAR, INFORMATION REGARDING FUTURE REVENUE, EARNINGS AND BUSINESS PLANS AND GOALS, CONSIST OF FORWARD-LOOKING INFORMATION UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and OF 1995 AND ARE SUBJECT TO AND INVOLVE RISKS AND UNCERTAINTIES WHICH COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THE FORWARD-LOOKING INFORMATIONS, THESE RISKS AND UNCERTAINTIES INCLUDE, BUT ARE NOT LIMITED TO THE AVAILABILITY OF ADDITIONAL WORKING CAPITAL, ADDITIONAL TECHNOLOGICAL DEVELOPMENTS, GENERAL DEPENDENCE UPON AND/OR LOSS OF KEY SUPPLIERS OR CUSTOMERS, CUSTOMER DEMAND, COMPETITOR COMPETITION INCLUDING PRICING AND AVAILABILITY, CONCENTRATIONS OF CREDIT RISK, TECHNOLOGICAL DIFFICULTIES, RISK OF INTERNATIONAL OPERATIONS INCLUDING EXCHANGE RATE FLUCTUATION AND THE REGULATORY AND TRADE. ENVIRONMENT (BOTH DOMESTIC AND FOREIGN). INVESTORS SHOULD NOT PUT UNDUE RELIANCE ON THE FORWARD-LOOKING STATEMENTS. |
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