Airstar Technologies SEC Filings Update.PALM SPRINGS, Calif.--(BUSINESS WIRE)--Sept. 14, 1998--In order to bring its shareholders up-to-date, the company made the following announcement today, concerning the filing of its 10K report with the SEC and subsequent shareholders meeting. The company has been unable to conduct a shareholders meeting because it is not current in the filing of its Form 10KSB KSB Kogod School of Business (American University) KSB Kelley School of Business (Indiana University) KSB Kantonsschule Am Brühl St. with the Securities and Exchange Commission. The primary reason for this is that the company is obligated ob·li·gate tr.v. ob·li·gat·ed, ob·li·gat·ing, ob·li·gates 1. To bind, compel, or constrain by a social, legal, or moral tie. See Synonyms at force. 2. To cause to be grateful or indebted; oblige. to report, pursuant to Section 16 of the Securities Exchange Act of 1934, the purchase and sale of its stock by insiders of the company and to report whether insiders or affiliates of the company have filed appropriate reports on Forms 3 and 4 and on Schedule 13. Because the company considers Joseph Lanza Joseph A. "Socks" Lanza (1904-October 11, 1968) was a New York labor racketeer and a member of the Genovese crime family. Born in Palermo, Sicily, Lanza immigrated to the United States and settled in New York working as a handler in Lower Manhattan's Fulton Fish Market. , and members of his family and various companies that he controls, to be affiliates of the company as defined in Section 16 of the Securities Exchange Act of 1934, the company requested, in June 1997, that Lanza and his family provide Airstar with an accounting of their trading in Airstar's stock so that the company could complete Form 10KSB. Lanza and his family have continuously failed and refused to provide this information. This is despite the fact that a securities attorney retained by Lanza has informed Mario Lanza, Topnet Inc. and Mako mako (mä`kō), heavy-bodied, fast-swimming shark, genus Isurus, highly prized as a game fish. Also known as the sharp-nosed mackerel shark, it is a member of the mackerel shark family, which also includes the great white shark and the Capital Inc. (formerly Maesa Gaming Management) that they are obligated to provide this information. Accordingly, the company's corporate attorneys are presently preparing Airstar's 10KSB as required by SEC regulations. Because the company has not received an accounting from the Lanzas, the Board has decided that it will disclose in the Form 10KSB the facts known to it concerning the ownership of shares by the Lanzas and the companies they control. Airstar intends to file Form 10KSB and a proxy statement Proxy Statement A document containing the information that a company is required by the SEC to provide to shareholders so they can make informed decisions about matters that will be brought up at an annual stockholder meeting. for approval by the SEC within 30 days and then conduct a shareholders meeting within 30 days of the SEC's approval of the proxy statement. The company also wishes to state that it has taken notice of the press release by Mako Capital wherein where·in adv. In what way; how: Wherein have we sinned? conj. 1. In which location; where: the country wherein those people live. 2. Mako claims to have filed a lawsuit lawsuit: see procedure; tort. against Airstar's president, Joseph Vigliarolo. It is the company's position that what appeared in the press release concerning this lawsuit is entirely without merit. Airstar's Board has seen documentary evidence A type of written proof that is offered at a trial to establish the existence or nonexistence of a fact that is in dispute. Letters, contracts, deeds, licenses, certificates, tickets, or other writings are documentary evidence. refuting these claims. The company notes further that this lawsuit has not yet been served on Vigliarolo. Additional comment by the company on this complaint must be reserved until the actual document can be perused. 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.
CONTACT: Airstar Technologies Inc.
Dal Grauer, 760/320-2782, Fax 760/320-0612
astg100@aol.com
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