AIRTRAX and Crane & Machinery, Inc. to Manufacture ATX-Series.Business Editors HAMMONTON, N.J.--(BUSINESS WIRE)--Nov. 11, 2002 AIRTRAX, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AITX) and Crane & Machinery have agreed to assemble and build the ATX-Series of omni directional lifts developed by Airtrax at the facilities of Crane and Machinery, Inc. in Bridgeview, Illinois Bridgeview is a village in Cook County, Illinois in the United States. It is located approximately 13 miles from the Chicago Loop. As of the 2000 census, the village population was 15,335. Geography Bridgeview is located at (41. . According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the understanding signed today, Crane & Machinery, Inc. agreed to provide major components and to assemble the ATX-Series omni-directional forklift at their facility in Bridgeview, IL in accord with Airtrax production drawings and specifications. Peter Amico, 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. of Airtrax stated, "The alliance between our respective companies is the initial step to deploy our omni directional technology in its first commercial applications. Crane and Machinery, Inc., http://www.craneandmachinery.com, is highly respected and very well qualified to provide this service to Airtrax, Inc., being profoundly aligned in the material handling industry. Crane and Machinery is currently renovating a manufacturing facility in Bridgeview, IL. The ATX-Series will be manufactured and assembled at this facility. Several months ago, Airtrax placed initial frame orders with Crane and Machinery, which are scheduled for completion by year's end." Crane & Machinery, Inc. stated interest in entering into discussions regarding exclusive and non-exclusive licensing related to production and marketing of existing and new products utilizing Airtrax, Inc. proprietary technology. For more information or to receive an interactive CD-ROM CD-ROM: see compact disc. CD-ROM in full compact disc read-only memory Type of computer storage medium that is read optically (e.g., by a laser). about Airtrax, contact Jeffrey Birdman bird·man n. 1. also One, such as an ornithologist, who works with birds. 2. Slang An aviator. at 407/447-4475 or email at jbirdman@maranagroup.com. This document contains forward-looking statements that are subject to risks and uncertainties. For such statements Airtrax claims the protection of the safe harbor 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. for forward-looking statements contained in 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 . The Company intends that such statements about the Company's future expectations including future revenues and earnings and all other forward-looking statements be subject to the safe harbors created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results. Readers should refer to the Company reports filed with the Securities and Exchange Commission, which includes its Form 10-KSB for the period ended December 31, 2001 and subsequent filings, for a discussion of risks and uncertainties regarding the Company and its business. |
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