American Sports Machine, Inc. Changes Name to SoftQuad Software, Ltd.; ASM Redomiciles to Delaware Corporation with New Trading Symbol: SXML.Business Editors & High-Tech Writers TORONTO--(BUSINESS WIRE)--April 11, 2000 The American Sports Machine, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AMRR AMRR Adaptive Multi Rate Retry AMRR Aircraft Material Readiness Report AMRR Alkali Metal Residue Removal AMRR Army Materiels Research Reactor AMRR Asbestos Materials Report and Register ) today announced that it has redomiciled to Delaware through a merger with and into SoftQuad Software, Ltd. (SoftQuad), a Delaware corporation. The post-merger company will continue under SoftQuad's name, and its shares of common stock began trading today on the OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. under the ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors SXML SXML Extensible Markup Language (XML) in the form of S-Expressions SXML Simple eXtensible Markup Language SXML SOAP eXtensible Markup Language . Pursuant to the merger, each share of stock of ASM (1) (Association for Systems Management) An international membership organization based in Cleveland, Ohio. Founded in 1947 and disbanded in 1996, it sponsored conferences in all phases of administrative systems and management. was exchanged for one equivalent share of stock of SoftQuad, and each option and warrant of ASM was exchanged for one equivalent option or warrant of SoftQuad, respectively. About SoftQuad SoftQuad Software, Ltd. (OTCBB:SXML), through its subsidiary SoftQuad Software Inc., is a leading developer of XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. enabling technologies and commerce solutions for e-business. SoftQuad's XMetaL, the world's first advanced, yet easy-to-use, XML content creation solution, has already become the premier enabling technology for XML-based content applications in e-publishing, e-commerce and knowledge management. Leveraging its technological and market leadership, SoftQuad is targeting the growing business-to-business (B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business ) marketplace with Global OnRamp, a supply-side content solution that allows companies to effectively join and compete in B2B e-markets. Headquartered in Toronto, Canada, and with European operations based in London, England, SoftQuad is a founding member of, and active participant in, the World Wide Web Consortium (W3C (World Wide Web Consortium, www.w3.org) An international industry consortium founded in 1994 by Tim Berners-Lee to develop standards for the Web. It is hosted in the U.S. by the Computer Science and Artificial Intelligence Laboratory (CSAIL) at MIT (www.csail.mit.edu/index.php). ), the Organization for the Advancement of Structured Information Standards (OASIS) and XML.org. For more information, visit SoftQuad's website at http://www.softquad.com Caution Concerning Forward-Looking Statements This press release contains "forward-looking statements" within the meaning 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. Words such as "anticipates", "estimates", "expects", "will", "should", "projects", "intends", "plans", "believes" and words and terms of similar substance used in connection with any discussion of future operating or financial performance identify such forward-looking statements. Those forward-looking statements are management's present expectations of future events. As with any projection or forecast, they are inherently susceptible to uncertainty and changes in circumstances. SoftQuad is an early-stage growth company that operates in a highly competitive and rapidly changing environment, and its business results are dependent on numerous factors, including demand for its products and services, its ability to manage costs and generate revenues, technological developments, protection of its intellectual property rights, its ability to attract and retain key personnel, the resolution of issues concerning commercial activities via the Internet, including security, reliability, cost, ease of use and access, government regulation, risks related to international sales and potential foreign currency exchange fluctuations, economic, political and social conditions in the countries in which it operates and other risks detailed from time to time in periodic reports filed by SoftQuad and its predecessor The American Sports Machine, Inc. with the U.S. Securities and Exchange Commission and other regulatory authorities. SoftQuad's actual results could differ materially from management's expectations because of changes in such factors. |
|
||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion