ARS Networks Files Form 10-Q for Quarter Ended July 31, 2000.Business/Technology Editors NEW YORK--(BUSINESS WIRE)--Sept. 20, 2000 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 it has filed its Form 10-Q Form 10-Q See 10-Q. for the quarter ended July 31, 2000. For the three months ended July 31, 2000 the Company reported a net loss of $304,578.00, or ($0.03) per share, compared to a net loss of $70,830.00, or ($0.01) per share for the same period in 1999. For the six month period ending July 31, 2000 the Company reported a per share loss of $0.06, compared to a per share loss of $0.01 for the same six month period in 1999. Sydney Harland, president and chief executive officer of ARS Networks, commented, "Because we're still in the development stage of our product, Crosslogix(TM), we have not yet begun to generate revenues from sales. However, we are planning to bring Crosslogix to market in 2001 and have already received substantial indications of interest from a variety of public and private rail systems who recognize that our product meets the need for a safe, effective, wireless means of communicating information along railways, and in other applications." Harland continued, "In addition to the imminent commercialization of Crosslogix, our recent acquisition of T&T Diesel provides an immediate source of revenue to ARS Networks. As our wholly-owned subsidiary, T&T has already added $400,000 to our revenues through a contract with Bell Canada Bell Canada Enterprises (TSX: BCE, NYSE: BCE), legally BCE Inc., is a major Canadian telecommunications company. Through its subsidiaries including Bell Canada, Bell Aliant, Northwestel, Télébec, and NorthernTel, it is the incumbent local exchange carrier for , and will continue to support the Company's growth towards profitability." 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 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 to support their systems from as far as two miles away, which makes installation of crossings both more expensive and more difficult. Contact: ARS Networks: Syd Harland, (518) 298-2042; 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. Complete information about the Company and its products is available at the ARS Networks web site, 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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