Accident Prevention Plus Inc. Announces Successful Testing and Launch of New Product.Business Editors PALM BEACH GARDENS, Fla.--(BUSINESS WIRE)--Jan. 22, 2003 Accident Prevention Plus, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ACPL ACPL Allen County Public Library (Ft Wayne, Indiana, USA) ACPL Autonomic Computing Policy Language ACPL Aircraft Certification Policy Letter (Canada) ACPL Asynchronous Concurrent Programming Language ) announces that the Company has successfully completed development of the new product called "EyeQ" which integrates with the Qualcomm system. As mentioned in the last 10Q report, in July of 2002, the Company entered into a minor development agreement with Qualcomm to interface the App unit with the existing Qualcomm unit. The development has been completed and tested with positive results. Accident Prevention Plus, Inc. has developed and designed new hardware and software to interface with the Qualcomm "OmniTRACS" and "OmniExpress systems. Now that the system has been fully tested successfully. The Company has begun the process of selling/installing the units in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Canada and expects the customers' reviews of the products' dynamics and capabilities to be positive. The Company has been working on this project for the past nine months. Alan Schwartz Alan Schwartz is the President and Co-Chief Operating Officer of The Bear Stearns Companies, Inc. He assumed that position on June 25, 2001. Schwartz has worked at Bear Stearns since 1976, and is a 1972 graduate of Duke University. , President and 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 "We are very excited about this development, by completing the integration of this new product it opens up our market place in North America and Europe. I am very pleased with our numbers and the direction the Company is taking. We have strived to move forward while cutting costs and have been accomplishing these goals. We will update this progression in future news releases." Accident Prevention Plus, Inc. (ACPL) located in Palm Beach Gardens, FL, is a technology company which designs, manufactures and distributes On Board Recorders for all types of vehicles. The Company specializes in the safety, economic enhancement and security for vehicles, drivers and cargo. Our products are sold worldwide. Our engineers design all our software and firmware, as well as any hardware we require. Accident Prevention Plus, Inc. owns all of its intellectual properties. For IR package call 561-721-2220. This press release contains certain forward-looking statements within the meaning of 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. Forward-looking statements are based on management's current expectations of beliefs and are subject to a number of factors and uncertainties that could cause actual results, levels of activity, performance or achievements to differ materially from those described. |
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