AR Associates, Inc. Announces Restructuring.Business Editors CARSON CITY Carson City, city (1990 pop. 40,443), state capital, W Nev., in the Eagle valley; inc. 1875. The city is a trade center for a mining and agricultural area. State government is the major employer, and tourism is economically important. , Nev.--(BUSINESS WIRE)--Dec. 18, 2001 AR Associates, Inc. (Pinksheets:ARSS ARSS Antiquariorum Regiae Societatis Socius (Fellow of the Royal Society of Antiquaries) ARSS Analysis & Resynthesis Sound Spectrograph ARSS Adelaide River Show Society (Australia) ) announces that, at a Special Meeting of the Board of Directors, held on the 21st of November, 2001, it was resolved, pursuant to the provisions of the Nevada General Corporation Law, with the written consent of 58.13% of the Shareholders of the Company, that the issued and outstanding capital of the Corporation be decreased by combining, on the basis of 1 share for 100, all of the 12,960,732 issued and outstanding common shares into 129,607 shares, effective on Dec. 24, 2001. The Company's new Cusip Number CUSIP Number An identification number assigned to all stocks and registered bonds. The Committee on Uniform Securities Identification Procedures (CUSIP) oversees the entire CUSIP system. Notes: This system is used in the U.S. and Canada. will be: 002041 30 9, and the new Trading Symbol Trading symbol See: Ticker symbol will be: 'ARAI'. The Company is under new management and has appointed a new Board of Directors to serve until the next Annual General Meeting. The Company was unable to finalize the acquisition of 'Ultra Clear Manufacturing & Distribution Limited' and therefore cancelled the 'Plan of Acquisition' and in addition the Company cancelled its filing of the 10SB12G/A G/A Gate/Array (NEC) G/A Ground/Air G/A Ground-to-Air with the Securities and Exchange Commission first submitted on Oct. 15, 1999. The Company intends to re-apply for a listing on the OTC-Bulleting Board during the first half of 2002. The Company is presently investigating potential, viable projects. Delbert G. Blewett, President AR ASSOCIATES, INC., Carson City NV. |
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