Advanced Encryption Technology of America Inc. Makes Announcement.LONG BEACH, Calif.--(BUSINESS WIRE)--Aug. 17, 1999-- Advanced Encryption The reversible transformation of data from the original (the plaintext) to a difficult-to-interpret format (the ciphertext) as a mechanism for protecting its confidentiality, integrity and sometimes its authenticity. Encryption uses an encryption algorithm and one or more encryption keys. Technology of America Inc. ("AETI AETI Advanced Education Technology Initiative (USA) ") releases the following information in response to inquiries received concerning the status of AETI's Form 10 registration statement. AETI has received numerous inquiries from shareholders as a result of the NASD's decision to remove AETI's stock from its listing 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. . AETI has engaged the services of another company to assist in the filing of AETI's Form 10 registration statement. In a written response to AETI regarding these inquiries, that company explained: "You have contacted this office regarding the status of the Form 10 registration statement for Advanced Encryption Technology of America, Inc. (the "Company"). We have received the Company's responses to our initial information requests and are working to compile To translate a program written in a high-level programming language into machine language. See compiler. that information. Based on our current workload The term workload can refer to a number of different yet related entities. An amount of labor While a precise definition of a workload is elusive, a commonly accepted definition is the hypothetical relationship between a group or individual human operator and task demands. , and additional information required from other sources, we anticipate completing the Company's Form 10 by the end of 1999, if not before...the registration statement will become effective within sixty days and the Company will be required to begin filing quarterly and annual reports with the Securities and Exchange Commission after that effective date. We hope this clarifies the status of the Company's Form 10." The company plans to re-list on the Bulletin Board as soon as possible. As explained by Steven Fox, President of AETI: "We are not going to allow any of the events which have transpired change the direction or decisions of management relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc our Company. We will do everything in our power to reclaim our trading status on the Bulletin Board." Information contained in this news release other than historical information should be considered forward-looking and is subject to various risk factors and uncertainties. For instance, the strategies and operations of AETI involve risk of competition, changing market conditions, changes in laws and regulations affecting these industries and numerous other factors discussed in this release. Accordingly, actual results may differ materially from those in any 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. . |
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