Airstar Technologies Announces Letter of Intent with Investment Group.PALM SPRINGS, Calif.--(BUSINESS WIRE)--July 14, 1998--Airstar Technologies Inc. (OTC/BB:ASTG ASTG Aerospace Test Group (NASA) ASTG Asynchronous Signal Transition Graph ) today announced that on July 7, 1998, the company signed a Letter of Intent (LOI LOI Letter of Indemnity (international trade and carriage business) LOI Letter Of Intent LOI Loss On Ignition LOI Letter of Inquiry LOI Lack Of Information LOI Lack of Interest LOI Letter of Invitation LOI List Of Items ) with a British/Canadian Investment Group. The LOI calls for a cash injection into the company as well as ongoing financial backing for the company and its continuing projects and activities. The board of directors will be reconstituted to a total of seven board members, which will include the current board. The reconstituted board will include experienced telecommunications, financial, administration and marketing executives. It is expected that a definitive agreement could be executed within 30 days, at which time the company will make a further announcement. For further information, please contact Dal (1) (Dedicated Access Line) A private "tie line" between a customer and the telephone company. (2) (Data Access Language) A database interface from Apple that allows the Mac to access DAL-supported databases on Macs or Grauer, at the company's corporate offices. Please inquire in·quire also en·quire v. in·quired, in·quir·ing, in·quires v.intr. 1. To seek information by asking a question: inquired about prices. 2. by fax, 760/320-0612, or by e-mail to astg100@aol.com. Certain statements in this press release may include forward-looking comments regarding, among other things, availability of funding, and technical and business progress. The company's actual results may vary materially from those 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. due to risks and uncertainties to which the company is subject such as delays in installations, failure to meet milestones or other obligations under collaborative agreements and other risks, which are described in the company's form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. .
CONTACT: Airstar Technologies Inc.
Dal Grauer, 760/320-2782
fax 760/320-0612
astg100@aol.com
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