ARS Networks Trades Under New Symbol; Changes Web Address.Business/Technology Editors CHAMPLAIN, N.Y.--(BUSINESS WIRE)--April 10, 2000 ARS Networks,Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:ARSN ARSN Arkansas Razorback Sports Network ), formerly Ameri-can Railway Systems, Inc., a development stage company that designs, develops and commercializes new applications of 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. systems, announced today that it will trade its stock on the OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. under a new symbol, ARSN, effective April 10, 2000. In addition, the Company has changed the URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. of its web site to www.arsnetworks.com. The changes are part of ARS Networks' campaign to re-align the Company's corporate image and brand with its expanded product focus. ARS will introduce its new, flagship product later this quarter. ARS was founded in 1993 to design, develop and market a fail-safe, inexpensive and reliable crossing system for the railway industry. As the ARS Crosslogix(tm) system progressed through the technology development stage, additional applications in data communications and management emerged. This prompted the Company to seek a name change to reflect the product's broader potential. Sydney Harland, chairman and chief executive officer of ARS, stated, "As we transition to full realization of our new corporate identity, all these changes - in name, trading symbol Trading symbol See: Ticker symbol , and URL - signify our commitment to the redefinition of our Company as a cutting-edge, wireless communications technology company. Our focus is on the development of proprietary technology that will enhance performance in the railway and other industries." ARS Networks, Inc. is a wireless communications technology company that designs, develops, and commercializes safe, cost-effective, and reliable systems for the railway industry using patent-pending, remote sensing equipment. Their systems feature an open architecture platform that will offer 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. 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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