Apex Simplifies Name to Better Reflect Business Focus; Company Moves to Clarify Position in Marketplace and Investment Community.REDMOND, Wash.--(BUSINESS WIRE)--June 24, 1999-- Apex PC Solutions, Inc. (Nasdaq:APEX), the leader in server management and console switching technology, will announce today at its 1999 Annual Shareholders Meeting that it is changing its name to Apex Inc. effective July 1, 1999. "Our new name reflects our predominance pre·dom·i·nance also pre·dom·i·nan·cy n. The state or quality of being predominant; preponderance. Noun 1. predominance - the state of being predominant over others predomination, prepotency in the server management and console switching area," said Kevin J. Hafer, 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. . "We were increasingly finding public confusion about the reference to PCs. We continue to be focused on server management solutions for IT professionals and hope the new name will reduce confusion in the marketplace and in the investment community." About Apex Redmond, Wash., U.S.A. -based Apex Inc., is committed to helping network administrators manage their growing server populations. The company develops server management products, including console switching systems Switching systems (communications) The assemblies of switching and control devices provided so that any station in a communications system may be connected as desired with any other station. , remote server management products and integrated server cabinet solutions. Most of the top server manufacturers, including Compaq, Hewlett-Packard, IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , and Dell, continue to choose Apex console switches exclusively for their rack-mounted server See rack server. offerings. Additionally, Apex was recently ranked fifth in Business Week's 1999 listing of "100 Hot Growth Companies" in America. More information on Apex products and services is available by calling 800/861-5858, via email at sales@apex.com, or on the World Wide Web at www.apex.com. Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. Statements contained in this press release which are not historical information are forward-looking statements as defined within 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. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from the statements made, including the risks related to sales growth in an intensely competitive industry with increasing price competition. Other factors which could cause the Company's operating and financial results to differ are described in Apex's Securities and Exchange Commission filings, including its Forms 10-K and 10-Q, and include other risks detailed from time to time in the Company's reports to be filed with the SEC. Apex undertakes no obligation to publicly release the result of any revisions to forward-looking statements which may be made to reflect events or circumstances after the date hereof here·of adv. Of this. hereof Adverb Formal or law of or concerning this Adv. 1. hereof - of or concerning this; "the twigs hereof are physic" or to reflect the occurrence of unanticipated events. |
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