Ablaze Technologies Announces Corporate Update.HOUSTON -- Ablaze Technologies, Inc. (Pink Sheets:ABZT), a results-oriented business incubator Business incubators are organizations that support the entrepreneurial process, helping to increase survival rates for innovative startup companies. Entrepreneurs with feasible projects are selected and admitted into the incubators, where they are offered a specialized menu of and holding company with a variety of technology products and services, announced today that it is continuing development of its uAuthorize.com Online Payment Processing and Transfer Solution. Ablaze management began this week interviewing gateway software providers and banking institutions. In clarification of the Company's last press release about its intent to streamline its product offerings into Online Payment Processing - and discontinuing, selling, or closing down certain marginal business lines, the Company's President Dino Price stated: "We are putting our 'primary' focus and financial resources on the final development of the Company's Online Payment Processing solutions to be offered at www.uAuthorize.com, but we ARE maintaining our recently acquired properties www.SearchFn.com and www.TreasureAnt.com, as well as roughly half of our original 50 product/service sites including most of those in the 'web marketing' division. We are only culling culling removal of inferior animals from a group of breeding stock. The removal is premature, i.e. before completion of its life span, disposal of an animal from a herd or other group. our portfolio of websites and offerings that have a history of marginal results, which are primarily categorized cat·e·go·rize tr.v. cat·e·go·rized, cat·e·go·riz·ing, cat·e·go·riz·es To put into a category or categories; classify. cat as web development tools, VOIP (Voice Over IP) A digital telephone service that uses the public Internet as well as private backbones instead of the traditional telephone network. Many companies, including Vonage, 8x8 and AT&T (CallVantage), typically offer calling within the country for a services, consumer software, and general business offerings." The Company is also pleased to announce the completion of the divestiture The breakup of AT&T. By federal court order, AT&T divested itself on January 1, 1984 of its 23 operating companies, which became known as the Regional Bell Operating Companies (RBOCs). of its Investment News Network of sites in a transaction that will eliminate substantially all the Company's long-term debt Long-Term Debt Loans and financial obligations lasting over one year. Notes: For example debts obligations such as bonds and notes which have maturities greater than one year would be considered long-term debt. . For full details, links to all the company's products and services, or regular corporate updates, please visit our homepage at www.AblazeTech.com. Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject 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. created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are 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. that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward-looking statements are further qualified by other factors. The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise. |
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