AimRite Holdings, a High Tech Company, Secures Capitalization for Coast Software and Computer Production.SAN DIEGO--(BUSINESS WIRE)--Aug. 11, 1998--AimRite Holdings Corporation (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:AIMH AIMH Amelia Island Museum of History (Florida, USA) ) is pleased to announce that it has secured sufficient capitalization commitments to cover first year production of its revolutionary production COAST Suspension Control System. AimRite's high tech computer and hydraulic subsystem, when combined with its extremely powerful & sophisticated software, is a major technological advancement for the automotive industry The automotive industry is the industry involved in the design, development, manufacture, marketing, and sale of motor vehicles. In 2006, more than 69 million motor vehicles, including cars and commercial vehicles were produced worldwide. . The suspension system Noun 1. suspension system - a mechanical system of springs or shock absorbers connecting the wheels and axles to the chassis of a wheeled vehicle suspension , called Computer Optimized Adaptive Suspension Technology (COAST(TM)), is designed to provide safety and give you luxury car ride with sports care performance. It accomplishes all this by eliminating conventional shocks and anti-sway bars currently provided on vehicles and making precision and powerful adjustments at each wheel over 400 times per second to optimally control all eight dynamic areas of suspension performance. If the vehicle is equipped with air suspension Air suspension is a type of vehicle suspension powered by an engine driven or electric air pump or compressor. This pump pressurizes the air, using compressed air as a spring. Air suspension replaces conventional steel springs. , COAST will optimally control it, as well. AimRite has a website that can be visited at www.aimrite.com. This release is intended as a forward-looking statement 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. within the meaning 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. The risks and uncertainties that may affect the operations, performance development and results of the Company's business include but are not limited to (i) The ability to produce the COAST Suspension Technology in the future, (ii) Unexpected changes in the suspension market, (iii) The success of the Company's expansion and marketing strategies, (iv) Competition with conventional suspension systems, (v) The ability of the Company to motivate and retain the services of its key personnel and hire additional qualified personnel to meet evolving staffing needs, and (vi) unexpected challenges to the patents. CONTACT: Prima Capital-Corporate Communications 800/600-8599 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion