AmeriStar International Holdings Corp. Announces Newly Formed Alarm Company Subsidiary, and ADT Security Services Agreement.NASHVILLE, Tenn.--(BUSINESS WIRE)--May 6, 1998--AmeriStar International Holdings Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : AIHC AIHC American Industrial Health Council AIHC American Institute Hull Clauses (marine insurance) ) announced that its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , AmeriStar Worldwide Entertainment Corp. (AWEC) has formed AmeriStar Security Corporation (ASC ASC Ambulatory surgery center, see there ) as a wholly owned subsidiary. ASC is based in Nashville, Tenn. and is currently licensed as an alarm company in the states of Georgia, Indiana, Colorado and Kentucky. ASC was formed to provide AWEC and its over 8,500 Independent Distributors an opportunity to enter the residential and small business alarm industry. AWEC 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. Samuel B. Watson has been named President and CEO of ASC. Mr. Watson also announced, "ASC has entered into an agreement with ADT Security Services  This article or section uses first-person or second-person inappropriately or excessively.Please [ edit this article] to use the more expected of an encyclopedia, per Wikipedia's . , Inc. (ADT) of Boca Raton, Florida Boca Raton ("bōkə rə-tōn") is a city in Palm Beach County, Florida incorporated in May 1925. As of the 2000 census, the city had a total population of 74,764; the 2006 population recorded by the U.S. Census Bureau was 86,396. , to become an "Authorized Dealer" in the states Georgia, Indiana, Colorado and Kentucky." ADT is the nation's largest provider of residential and small business security and monitoring services. Mr. Watson further stated, "ASC has become licensed as an alarm company in four states with plans to expand rapidly into other states. This home and small business security product in conjunction with our technology and communication products and services provides our independent distributors with tremendous earnings potential. We intend to become ADT's largest "Authorized Dealer" in the United States." Steve Gribbon, Vice-President of ADT, said, "We are excited about the potential of having a National Distribution Authorized Dealer in our program such as AmeriStar Security Corporation." Kellan A. Lamb, President of AWEC, stated, "Electronic security has become one of the fastest growing industries in the country. The segment of the security market experiencing the largest growth is in the residential area. Our marketing plan combined with our national sales force of home based independent distributors provides our company with a huge opportunity." Pieter Oosthuizen, Chairman of AIHC said, "The addition of ADT to the AmeriStar product arsenal has excited the independent distributors like no other product we have introduced." CONTACT: AmeriStar International Holdings Corp., Nashville Mike Tubbs, 615/329-3300 |
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