ASI Entertainment, Inc. Completes Private Placement.Business Editors/High-Tech Writers SEATTLE--(BUSINESS WIRE)--March 17, 2003 ASI ASI, n See Anxiety Sensitivity Index. Entertainment, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ASIQ) advises that it has recently completed a Private Placement, which raised equity funds to be utilized for the purpose of marketing ASI's Data3Mail programs to International Airlines. Data3Mail is an affordable email system for airline passengers, which utilizes the aircraft's existing communications system In telecommunication, a communications system is a collection of individual communications networks, transmission systems, relay stations, tributary stations, and data terminal equipment (DTE) usually capable of interconnection and interoperation to form an integrated whole. to provide access to email via the certified global SITA and Inmarsat networks. Data3mail is unique, as it does not interfere with the laptop's existing email accounts, and sends and receive emails using the passenger's normal email address. Ron Chapman, ASI's CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , stated that "in today's world, email communications are becoming even more essential for the business traveler. Having recently completed the successful certification and flight test programs, the product is now ready to be promoted throughout the airline industry." ASI is a world leader in aircraft communications. The group has specialized in aircraft communications for over 15 years and the company's management averages 25 years experience in the airline 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. " provision 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. Forward-looking statements made by ASI Entertainment, Inc. are not a guarantee of future performance. For further information, contact info@asieinc.com or go to ASI's websites at www.data3mail.com and www.asiq.com. |
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