@Track To Change Name To Minorplanet Systems USA, Inc. And Adopt Aug. 31 Fiscal Year End.Business Editors & High-Tech Writers RICHARDSON, Texas--(BUSINESS WIRE)--May 30, 2002 @Track Communications, Inc. (Nasdaq:ATRK), a leading provider of wireless-based vehicle fleet management and intelligent mobile-asset-tracking solutions, today announced that its board of directors has approved an amendment to the company's certificate of incorporation certificate of incorporation n. some states issue a certificate to prove a corporation's existence upon the filing of Articles of Incorporation. In most states the Articles are sufficient proof. changing the company's name to Minorplanet Systems USA, Inc., subject to approval by the company's stockholders, which the company expects to obtain within the next 60 days. "The company's new name reflects our strategic focus on developing the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. Vehicle Management Information(TM) (VMI VMI Virginia Military Institute VMI Vendor Managed Inventory VMI Vertical Motion Index VMI Valtakunnan Metsien Inventointi (Finnish: National Forest Inventory) VMI Video Module Interface (TM)) marketplace, which exceeds 21 million vehicles in the U.S. alone," said Jana Ahlfinger Bell, president and chief executive officer of @Track Communications, Inc. "The Minorplanet name should enable us to fully leverage the rapidly growing worldwide reputation and branding identity of the VMI product line in the vehicle telematics Originally coined to mean the convergence of telecommunications and information processing, the term later evolved to refer to automation in automobiles. GPS navigation, integrated hands-free cellphones, wireless communications and automatic driving assistance systems all come under the marketplace." The board also voted to change the company's fiscal year end from Dec. 31 to Aug. 31, which is the fiscal year end of Minorplanet Systems PLC, @Track's majority shareholder. @Track will gain significant audit efficiencies with such a reporting change by avoiding the additional audits previously required because of Minorplanet's consolidation of @Track's financial results into its own results. About @Track Communications, Inc. and Minorplanet Systems USA Ltd. @Track Communications (www.at-track.com), together with its Minorplanet Systems USA Ltd. subsidiary (www.minorplanetusa.com), offers industry-leading, innovative vehicle-fleet-management solutions through its ability to combine wireless data and voice technologies with GPS-satellite-tracking capabilities. @Track is headquartered in Richardson, Texas Richardson is a suburb in Dallas County and Collin County, Texas. As of the 2000 census, the city had a total population of 91,803, while according to a 2006 estimate, the population had grown to 99,200. . Legal notice to investors: Certain matters discussed in this press release are "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " intended to qualify for the safe harbors Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. from liability established by 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. These forward-looking statements can generally be identified as such because the context of the statement will include words such as the company "expects," "believes," "anticipates" or words of similar import. Similarly, statements that describe the company's future plans, objectives or goals are also forward-looking statements. Such forward-looking statements generally involve known and unknown risks, uncertainties and other facts, which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following: ability of the company to launch new markets; availability of capital to fund market expansion; ability of the company to obtain a GSM (Global System for Mobile Communications) A digital cellular phone technology based on TDMA that is the predominant system in Europe, but also used worldwide. Developed in the 1980s, GSM was first deployed in seven European countries in 1992. cellular agent agreement; ability to achieve and maintain rapid sales growth; acceptance of new product offerings; market conditions; changes in business strategy; business abilities and judgment of management and personnel; availability of qualified personnel; general economic and business conditions; market conditions; and changes in business strategy. For a listing of risks applicable to the future prospects of the company, please refer to the reports filed with the SEC, such as recent 10-K and 10-Q Reports. "@Track Communications" and the red orb logotype are trademarks and service marks of @Track Communications, Inc. "Minorplanet" is a federally registered trademark and service mark of Minorplanet Limited, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Minorplanet Systems PLC. "Minorplanet Systems USA," "Vehicle Management Information" and "VMI" are trademarks and service marks of Minorplanet Limited. |
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