Advanced Systems International Retains Donnelly, Penman, French, Haggarty & Co.Business Editors SOUTHFIELD, Mich.--(BUSINESS WIRE)--Dec. 12, 2001 Advanced Systems International, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :ADSN) today announced that the Company has retained Donnelly, Penman, French, Haggarty & Co. (DPFH), one of the largest independently owned investment banking firms headquartered in the mid west to evaluate strategic alternatives and associated funding initiatives. Detroit-based Donnelly, Penman, French, Haggarty & Co. (www.dpfhco.com) is a full service banking firm and NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). registered broker dealer, which provides comprehensive merger and acquisition, capital raising and financial advisory services to both public and private companies. The principals of the firm have participated in more than 160 transactions together since 1995, and have more than sixty years of investment banking experience. "Advanced Systems International, Inc ("ASI ASI, n See Anxiety Sensitivity Index. ") is well positioned with its product offerings to provide customers with the tools to manage labor costs and productivity, as well as address security concerns, across an entire enterprise. Our association with DPFH will assist ASI in addressing the financial alternatives and potential strategic initiatives necessary to allow the Company to fund growth with strategic partners and develop additional applications for workforce optimization, biometric utilization, and distributed data management (protocol, database) Distributed Data Management - (DDM) An IBM data protocol architecture for data management services across distributed systems in an SNA environment. DDM provides a common data management language for data interchange among different IBM system platforms. ," stated Gerry Pesut, 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. . About Advanced Systems International ASI is a supplier of application software for the e-business information market. The Southfield, Mich.-based company offers a broad range of high-end workforce management systems and application software for the transparent collection and distribution of business across the enterprise. Managers are provided the capability to track critical material, production process, inventory and labor data, in real-time, to support their cost efficient, streamlined, supply chain, order fulfillment and e-business initiatives. For more information on ADSN, visit our website at http://www.advsysintl.com. The Company's customers include market leaders such as: Daimler Chrysler (NYSE NYSE See: New York Stock Exchange :DCX), Continental Airlines (NYSE:CAL), Johnson Controls (NYSE:JCI), HJ Heinz (NYSE:HNZ), Dana Corporation (NYSE:DCN), Sara Lee (NYSE:SLE SLE systemic lupus erythematosus. SLE abbr. systemic lupus erythematosus Systemic lupus erythematosus (SLE) ), Lear Corporation (NYSE:LEA), Rolls-Royce (LSE LSE - Language Sensitive Editor :RR), Volvo (NASD:VOLVY) and Imperial Tobacco. In conjunction with the provisions of the "Safe Harbor" section 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, this news release may contain forward-looking statements pertaining to future anticipated projected plans, performance and developments, as well as other statements relating to future operations. All such forward-looking statements are necessarily only estimates of future results and there can be no assurance that actual results will not materially differ from expectations. Further information on potential factors that could affect Advanced Systems International, Inc. is included in the company's Form 10KSB filed with the Securities and Exchange Commission. |
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