AESI Makes Announcement.TAMPA, Fla.--(BW HealthWire)--Nov. 4, 1998-- AESI AESI Associated Engineering Sciences Inc (a Private Company) Announces its Reverse Merger Scheduled to Close Nov. 2, 1998 With its Public Operating Subsidiary An operating subsidiary is a business term frequently used within the United States railroad industry. In the case of a railroad, it refers to a company that is a subsidiary but operates with its own identity and rolling stock. , National Diagnostics (1) Software routines that test hardware components (memory, keyboard, disks, etc.). Diagnostics are often stored in ROM chips and activated on startup. (2) Error messages in a programmer's source code that refer to statements or syntax that the compiler or assembler Inc. (NATD NATD Network Address Translation Daemon NATD National Association of Test Directors NATD North American Association of Telecommunications Dealers NATD National Association of Teachers of Dance (UK) NATD National Association of Trainers and Developers ) is Being Revised to a Different Merger and Business Model, Without Any Change to the Valuation of the Offer to the NATD Shareholders AESI and NATD Management, in Concert With Their Investment Advisors, Have Agreed to the Revised Merger Strategy With No Valuation Change, But One That Provides a Better Operating and Growth Vehicle for the Combined Companies AESI Releases Some Highlights of the New Merger Strategy With Details Scheduled for Release Later This Week Chuck Broes, 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. , announced today that its reverse merger with NATD is being changed to a different merger model, a model that will in management's opinion, be a better growth and operating model Operating Model is a term that is used in many contexts. In essence an operating model describes how an organization operates across both business and technology domains. The Operating Model describes what is important for the organization. for the combined companies. Broes went on to say that the new model will be more traditional and one that Broes believes the public market will appreciate. He further stated that the details of the revised merger agreement will be released later this week, after legal review. Some of the highlights of the new agreement follow: -0-
-- AESI will, as soon as possible, file a registration statement
with the Securities Exchange Commission
-- The AESI registration statement will include an offering of its
common shares to NATD shareholders, and other targeted companies
and the public
-- The $10,850,000 evaluation (or $3.50 per share) for NATD will not
change
-- NATD will be announcing its own acquisitions of other companies
in concert with AESI
-- The master business plan between AESI and NATD remains as
previously announced
-- The finance plans for AESI and its combined companies remain as
previously announced
-- No offering of AESI shares is made by this announcement and such
offering may be made only by means of a prospectus.
Except for historical information, the matters discussed in this news releases that may be considered 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. may be subject to certain risks and uncertainties that could cause the actual results to differ materially from those projected, including uncertainties in the market, pricing competition, procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. and operating efficiencies, availability of acquisition candidates for AESI, and the ability to integrate acquired companies, the ability to secure the Company's financing, the ability to reach projected revenues and earnings, and other risks detailed from time to time in reports filed by the Company with the Securities and Exchange Commission. The Company assumes no obligation to update the information in this release. |
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