ARS Networks' Subsidiary T&T Diesel Announces Strong Year-To-Date Revenues; T&T On Track to Exceed Estimated 2001 Year-End Revenues of $1.4 Million.Business/Technology Editors NEW YORK--(BUSINESS WIRE)--Jan. 17, 2001 ARS Networks Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: ARSN ARSN Arkansas Razorback Sports Network ) whose first product is a state-of-the-art advance warning system for railway crossings, today announced that its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , T&T Diesel Power Ltd., will change its fiscal year from July 31, 2001 to January 31, 2001 to correspond with ARS's fiscal year. T&T's invoiced-to-date contracts of $562,881 and a backlog of close to $209,490 combine for a total of over $772,372 for the six months ending January 31, 2001. T&T remained on track to exceed its revenue projections of $1.4 million for fiscal year 2001. T&T will release new projections in February 2001 to coincide with its revised year-end. Sydney Harland, president and chief executive officer of ARS, commented, "T&T has proven to be a valuable addition to ARS Networks. I am very pleased with its consistent performance and I am confident that it will continue to produce strong results to add to our bottom line and enhance shareholder value." Harland continued, "T&T has been a tremendous help in the packaging of ARS Networks' equipment and provides us with a bricks-and-mortar facility from which the Crosslogix(TM) organization can operate." The purchase of T&T Diesel was ARS Networks' first step in implementing its strategy of acquiring profitable companies that can be integrated into its core business -- the design and marketing of safe, cost-effective, and reliable systems for the railway industry. T&T supplies auxiliary power generators to leaders in the telecommunications sector like Marconi, Bell Mobility and Rogers AT&T Wireless. ARS Networks Inc. is a wireless communications wireless communications System using radio-frequency, infrared, microwave, or other types of electromagnetic or acoustic waves in place of wires, cables, or fibre optics to transmit signals or data. technology company that designs, develops and commercializes safe, cost-effective, and reliable systems for the railway industry using patent-pending, remote sensing Deriving digital models of an area on the earth. Using special cameras from airplanes or satellites, either the sun's reflections or the earth's temperature is turned into digital maps of the area. equipment. Its systems feature an open architecture platform that offers railways and their freight customers unrivalled abilities to address public safety at level crossings, track cargo, communicate with dispatchers and shorten delivery times. The Company's platform provides a portal for a multitude of applications in real-time data Real-time data denotes information that is delivered immediately after collection. There is no delay in the timeliness of the information provided. Some uses of this term confuse it with the term dynamic data. collection, processing, monitoring and information analysis tailored for the railway industry. The ARS Crosslogix(TM) system, unlike current systems, can operate as a stand-alone, independent of local power. Conventional system suppliers often have to pull in power lines from as far as two miles away to support their systems, making installation of crossings both more expensive and more difficult. Contact: ARS Networks: Syd Harland, (518) 298-2042; U.S. Inquiries should be directed to: OTC Financial Network: Eddie Khoury, Investor Relations Investor relations The process by which the corporation communicates with its investors. , (877) 341-8477 or (781) 444-6100, ext. 652; email eddie@otcfn.com. Canadian Inquiries should be directed to: LevCap Communications: Robert Levitt, Investor Relations, (877) 953-8227 or (514) 488-6313, email robert@levcapcommunications.com. Complete information about the Company and its products is available at the ARS Networks web site, www.arsnetworks.com. 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. 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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