Allesch-Taylor Spends $11 Million Cash On HTTP Technology Shares.Business Editors/High Tech Writers LONDON--(BUSINESS WIRE)--March 13, 2002 HTTP HTTP in full HyperText Transfer Protocol Standard application-level protocol used for exchanging files on the World Wide Web. HTTP runs on top of the TCP/IP protocol. Technology, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : HTTP) today announced that Stefan Allesch-Taylor the Company's Chairman and Chief Executive Officer has personally acquired 4,514,476 shares for $11,286,190 cash. STG stg abbr (= sterling) → ester Holdings PLC, a company of which Stefan Allesch-Taylor is Chairman, has acquired over $70 million cash of HTTP Technology, Inc. shares over the last five weeks. STG and Allesch-Taylor's personal holding in HTTP Technology, Inc. now represents 70% of the issued share capital. HTTP Technology, Inc., a Delaware Corporation with headquarters in London, owns Medicsight PLC, a UK registered medical software systems specialist. Forward-looking statements made on this press release are made pursuant to the "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " provisions 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. Forward-looking statements are based on current management expectations that involve risks and uncertainties that may result in such expectations not being realised. Potential risks and uncertainties include, are not limited to, the risks described in company filings with the Securities and Exchange Commission. |
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