ARCOMS Announces Potential Sale of the Assets of Boatracs Business Unit.Business Editors/High-Tech Writers SAN DIEGO--(BUSINESS WIRE)--Oct. 31, 2001 Advanced Remote Communication Solutions Inc. (ARCOMS ARCOMS Armor Combat Operations Model Support ) (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :BTRK) announced today that it has entered into a letter of intent regarding the potential sale of the assets of its Boatracs business unit to Qualcomm Wireless Business Solutions, a division of Qualcomm Incorporated. About Boatracs Boatracs is a leader in marine satellite communications and integrated hardware and software solutions for the maritime industry. Boatracs' primary focus is on workboats, riverboats, oil field supply boats and fishing boats. About ARCOMS Advanced Remote Communication Solutions Inc. (ARCOMS) is a global technology company delivering innovative and proprietary solutions to customers in specific markets for their remote information needs through its various business entities: Boatracs, Enerdyne Technologies Inc., and Innovative Communications Technologies Inc. (ICTI ICTI International Council of Toy Industries ICTI Interactive Clinical Technologies, Inc. ICTI Information and Communication Technology Institute (Afghanistan) ). ARCOMS' products and services include customized software See custom software. applications; cost-effective satellite communications solutions; near real-time vessel tracking; bandwidth-efficient, multimedia satellite networks; e-mail technology; state-of-the-art, real-time video compression Encoding digital video to take up less storage space and transmission bandwidth. See video codec and data compression. video compression - Compression of sequences of images. products; multiplexing equipment; and video monitoring services Video Monitoring Services (VMS) [1] is a media monitoring company that provides news and advertisements monitoring solutions. The company is headquartered in New York with more than 18 offices in the United States. . ARCOMS' client base includes users within the government, transportation, military, marine, telecommunications, and commercial markets. Headquartered in San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. , ARCOMS has offices in El Cajon El Cajon (ĕl kähōn`), city (1990 pop. 88,693), San Diego co., S Calif.; inc. 1912. Electronic equipment, aircraft parts, irrigation equipment, furniture, and men's suits are among its manufactures. , Calif.; Gulfport, Miss.; Gaithersburg, Md.; and Leiden, The Netherlands. For more information about ARCOMS and its business units, visit www.arcoms.com. Legal Disclosure Statements within this news release which are not historical facts, including statements about strategies and expectations for new and existing products, technologies, and opportunities are forward-looking statements that involve risks and uncertainties. Because such statements include risks and uncertainties, actual results may differ materially from those expressed in or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, those set forth in the risk factors identified in the company's filings with the Securities and Exchange Commission, particularly its Form 10-KSB for the year ended 12/31/00. The company undertakes no obligation to release publicly any revisions to the forward-looking statements to reflect events or circumstances after the date of this news release or to reflect the occurrence of unanticipated events. |
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