ARS Networks, Incorporated Signs Letter of Intent to Acquire New Automated Transportation Management System -ATMS-.Business Editors/High-Tech Writers NEW YORK--(BUSINESS WIRE)--May 28, 2003 ARS Networks, Incorporated a company dedicated to new safety technology today announced that it has signed a letter of intent with MISCG Ltd. and Bell Tracy, Ltd. to acquire the exclusive rights to their state of the art technology. ARS Networks, Incorporated trades on the OTCBB OTCBB See OTC Bulletin Board (OTCBB). under the symbol (ARSW ARSW Annual Report of the Secretary of War ). ARS's procurement of this new technology will establish an unparalleled opportunity for ARS to expand on the Automated Transportation Management System (ATMS) technology existing unit sales unit sales Sales measured in terms of physical units rather than dollars. Unit sales data are often used by financial analysts when evaluating the health of a company. and reoccurring revenues. This innovative technology is new to the market and already has major customers lining up to subscribe. Sydney Harland, President and Chief Executive Officer of ARS, stated, " The Timing could not be better to embark on this new technology. ARS is excited to offer an affordable wireless technology solution for tracking freight trailer movements along America's highways and railways. The Integration of our new ATMS technology with our Crosslogix technology will move the Company forward to the completion of Crosslogix. We are confident that ARS will achieve substantial revenue for the company and its investors with our acquisition." ARS's ATMS technology operates on the NBPCS Two-Way paging network using proprietary protocols and algorithms to achieve up to 90% compression of transmitted data, the device maintains the lowest wireless cost possible while delivering near real time data transmission performance. Trimble the leading innovator of Global Positioning System Global Positioning System: see navigation satellite. Global Positioning System (GPS) Precise satellite-based navigation and location system originally developed for U.S. military use. (GPS) provides GPS functionality to the system with the latest OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and integration available. www.arsnetworks.com Forward-looking statements in this release are made pursuant to 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. " provisions of 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. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence on third-party suppliers, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission. |
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