American Digital Communications, Inc. Announces Name Change.NEW YORK--(BUSINESS WIRE)--Sept. 21, 1999-- The Board of Directors of American Digital Communications, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ADCM ADCM Assistant Division Commander Maneuver ADCM Associate Director for Chemistry and Materials ADCM Activation-Decision-Construction Model ADCM Archbishop's Diploma in Church Music ADCM Assistant Division Commander for Manpower ADCM Absolute Deviation from Class Median ) announced today that effective Wednesday September, 22, 1999, the company will be renamed TrackPower, Inc. to better reflect its current operating focus. Since April 1999, the company has been operating a live video broadcasting and remote wagering service for horseracing fans throughout the United States, under the name TrackPower. Coincident with the name change the company has moved its corporate office to 67 Wall Street, Suite 2411, New York, NY, 10005. The company will continue to trade Over-the-Counter Bulletin Board, and the new ticker symbol will be TPWR. The company is recognized as TrackPower throughout the horseracing industry and the recently launched advertising and marketing campaigns have branded the company's services as TrackPower.com. John G. Simmonds, Chairman 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. , stated, "The name change will allow the company to market its products more effectively and allow the public to better associate the product with the public company. It also demonstrates that the company and the board ar TrackPower delivers high quality live horseracing video to subscribers throughout the Continental United States United States territory, including the adjacent territorial waters, located within North America between Canada and Mexico. Also called CONUS. . TrackPower has contracted with Penn National Gaming Penn National Gaming, Inc. NASDAQ: PENN is a diversified owner and operator of casino properties, as well as horse racetracks and associated off-track betting facilities primarily in the United States. , Inc (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 : PENN) a licensed racing facility in Pennsylvania, to provide information and wagering services to subscribers. TrackPower derives revenues from subscriber fees and a percentage of all wagering bet by its subscribers. TrackPower is available for purchase by calling 1-800-333-DISH (3474) or by visiting one of the nearly 20,000 DISH Network retail locations nationwide. For additional information, contact Graham Simmonds at (905) 839-1430, or by email at simmonds@trackpower.com This release contains forward-looking statements, which are made pursuant to the safe harbor 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. Investors are cautioned that all forward-looking statements involve risk and uncertainties. |
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