Advanced Business Sciences, Inc. Awarded Gps Patent.Business Editors OMAHA Omaha, city, United States Omaha (ō`məhä, –hô), city (1990 pop. 335,795), seat of Douglas co., E Nebr., on the west bank of the Missouri River; inc. 1857. , Neb.--(BUSINESS WIRE)--August 8, 2000 Advanced Business Sciences, Inc. ("ABS") (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :ABSH) was awarded it's 2nd patent, 6,100,806 which issued 8/8/2000. The Patent compliments the previous patent 6,072,396, covering the company's proprietary GPS based tracking product. The patent was written broadly enough to allow ABS to aggressively protect its position in the criminal justice market as well as cover AVL (Automatic Vehicle Location) See mobile positioning. , asset, and other tracking markets. ABS's proprietary new 2010 product is in the final stages of completion. Harris Corporation Harris Corporation NYSE: HRS is an international communications equipment company that produces wireless equipment, electronic systems, and both terrestrial and spaceborne antennas for use in the government, defense, and commercial sectors. , an international communications company Communications Company is a communications unit of the United States Marine Corps. They are part of Combat Logistics Regiment 37 , 3rd Marine Logistics Group (3MLG) and III Marine Expeditionary Force (III MEF). The unit is based out of the Marine Corps Base Camp Smedley D. , participated in the 2010 product development. The 2010 product is a lightweight replacement design for the company's 1702 product for the criminal justice market. ABS anticipates that the GPS based product will displace significant numbers of existing home arrest product. The Internet based 2010 product offers the criminal justice market new tools and cost effective solutions for low to high-risk individual management. The new product is undergoing extensive testing, and will be available for review by key ABS customers in the third quarter. John J. Gaukel, President of ABS and author of the patents said, "We are excited to see these patents issued. We see this as the first outward visibility of a what for us has been a long term plan to build this company based on solid intellectual property management and strategic technology development." Advanced Business Sciences, Inc. is an Omaha-based global business-to-business communications and information company, providing a broad line of satellite and wireless solutions for tracking, monitoring and reporting of individuals and assets. Its web address is www.abscomtrak.com. Except for historical information contained herein, the statements in this release are forward-looking statements that 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. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the companies actual results in future periods to differ materially from forecasted results. Such risks and uncertainties include but are not limited to market conditions, competitive factors, the ability to successfully complete additional financings and other risks. |
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