Aradyme Development Corporation and Albion Aviation, Inc Announce Completion of Merger and Change of Corporate Name.Business Editors/High-Tech Writers AMERICAN FORK, Utah--(BUSINESS WIRE)--April 9, 2003 Aradyme Development Corporation announced today that the previously announced merger with Albion Aviation, Inc (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ADYE) has been completed. As a result Aradyme Development Corporation will become a 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. of Albion, allowing Aradyme to take advantage of being a publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. . Details of the transaction can be found in Form 8-K, filed in association with the completion of the merger. The current officers and directors of Aradyme will become the officers and directors of Albion and Aradyme's board of directors and management team will continue Aradyme's business as Albion's new subsidiary. Albion has approved changing its name to Aradyme Corporation. About Aradyme's executive team: -- James R. Spencer For other persons of the same name, see James Spencer. James Randolph Spencer was born in Florence, South Carolina in 1949. He attended Clark College in Atlanta, Georgia, and graduated with a Bachelor of Arts Degree in 1971. -- 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. , Director: 15 years in senior management and marketing positions in the technology sector including SoftSolutions and Novell. -- Kirk Tanner -- President, Director: 20 years in senior management and marketing positions in sports retail and technology sectors including Ben Hogan Golf, Kroger, Jostens and Novell. -- Merwin Rasmussen -- CFO See Chief Financial Officer. , Corporate Secretary and Director: 20 years of independent business ventures including Eagle Rock Funding and Synergy Limited, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . Aradyme Development Corporation is a "Next Generation" database platform company. It develops and distributes integrated software solutions that help companies manage and grow their businesses. It uses proprietary technology to rapidly build integrated database applications in a drag-and-drop environment that are more powerful, flexible and yet more affordable than today's leading alternatives. Aradyme based solutions remain flexible to real-time additions, modifications and changes, allowing applications to continually evolve real-time with business processes. Aradyme is currently involved in custom application development in a variety of business sectors and markets. www.aradyme.com. "Safe Harbor" Statement Under 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: Information in this release relating to the reorganization is subject to uncertainties relating to certain rights of Aradyme stockholders, the absence of regulatory delays or uncertainties and other contingencies, and the satisfaction of other conditions. The company undertakes no obligation to update information contained in this release. For further information regarding risks and uncertainties associated with the company's business, please refer to the "Risk Factors" section of the company's SEC filings. |
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