American CinemaStores, NASDAQ, to change name to Apparel Technologies, Inc. as of Sept. 15; new NASDAQ symbol to be APTX.COMMERCE, Calif.--(BUSINESS WIRE)--September 11, 1997--AMERICAN CINEMASTORES, INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . (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 :ACSI ACSI Association of Christian Schools International ACSI American Customer Satisfaction Index ACSI Association Canadienne des Sciences de l'Information (French) ACSI American Communications Services, Inc. ) will begin doing business as Apparel Technologies, Inc. and will begin trading under a new stock symbol of APTX APTX Aprataxin APTX Advanced Process and Technology Experiment (US Air Force) on the NASDAQ small cap system as of 9 A.M. Eastern Standard Time, Monday, September 15, 1997, it was announced today by Kathryn Van Ness Van Ness may refer to: People
"We have refocused the former ACSI as a technology oriented apparel manufacturing company, with the acquisition on September 4th of The Digital Group, a company with proprietary technology that holds the potential to transform the manufacturing of printed apparel, as well as creating significant change in the textile and apparel retail industries." The Digital Group has a patent pending technology for a system of digital print for fabrics. Utilizing its proprietary system of computer software, inks, paper and heat transfer, the system permits print-on-demand manufacturing of fashion apparel at competitive cost, creating superior printed apparel with sharp, clear images and vibrant 'locked-in' colors. Because only white fabric is used, change-on-the-fly production including short runs, change orders and personalized garments, give the designer greater freedom, while reducing to days from months the time needed to introduce a product. "The refocus of the company began with the acquisition on June 12, 1997 of Susan Burrowes, Ltd., a manufacturer of women's apparel, whose line has been redesigned and repositioned in the marketplace. Sharp reductions in overhead in the first month under new management has turned a loss operation into one that will show good profits in the year ending May 31, 1998. Our Susan Burrowes, Ltd., Just Jackets, Inc. and Sierra Fixture and Design, Inc. subsidiaries will all utilize and profit from the technology developed by The Digital Group. This technology will be offered on a very broad basis to apparel manufacturers throughout the world, beginning immediately," said Ms. Van Ness. CONTACT: American CinemaStores: Kathryn Van Ness, President and 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. Christopher Ebert, CFO See Chief Financial Officer. 213/725-4955 or ACSI Investor Relations Investor relations The process by which the corporation communicates with its investors. 800/922-3456 or Institutional Investors: The Wall Street Group, Inc. 212/888-4848 |
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