AremisSoft Comments on its Operations in India.Business Editors NEW YORK--(BUSINESS WIRE)--January 30, 2001 AremisSoft Corporation (Nasdaq: AREM AREM All-Random Easy Mode (gaming, Dota Allstars) AREM Avian Richness Evaluation Method ), an international supplier of enterprise-wide software and Internet-enabled solutions for the manufacturing, hospitality, healthcare and construction industries, announced today that the January 26, 2001 earthquake in western India's Gujarat state has had no impact on its operations in India. Roys Poyiadjis, President and Chief Executive Officer, commented, "While we express our sincerest condolences to the numerous families devastated dev·as·tate tr.v. dev·as·tat·ed, dev·as·tat·ing, dev·as·tates 1. To lay waste; destroy. 2. To overwhelm; confound; stun: was devastated by the rude remark. by last Friday's horrific hor·rif·ic adj. Causing horror; terrifying. [Latin horrificus : horr  re, to tremble + -ficus, -fic. earthquake, we are relieved to report that no AremisSoft employees were directly affected. Additionally, our facilities in Bangalore and New Dehli suffered no damage whatsoever and there has been no disruption disruption /dis·rup·tion/ (dis-rup´shun) a morphologic defect resulting from the extrinsic breakdown of, or interference with, a developmental process. in our satellite communications. Again, we extend our deepest sympathies to those affected by Friday's tragedy and want to assure our shareholders that there has been no interruption INTERRUPTION. The effect of some act or circumstance which stops the course of a prescription or act of limitation's.2. Interruption of the use of a thing is natural or civil. in our business." Cautionary Statement for Purposes of the "Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " 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: All statements, other than historical facts, included in the foregoing press release regarding the Company's financial position, business strategy, and plans of management for future operations are "forward looking statements." These statements are based on management's beliefs and assumptions, and on information currently available to management. Forward looking statements include, but are not limited to, statements in which words such as "expect," "see," "anticipate," "intend," "plan," "believe," "estimate," "consider," or similar expressions are used. Forward looking statements are not guarantees of future performance. They involve risks, uncertainties, and assumptions, including risks discussed under "Risk Factors" in the Company's annual report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. , SEC File No. 0-25713, all of which are incorporated herein by reference. The Company's actual results and stockholder values may differ materially from those anticipated or expressed in these forward looking statements. Many of the factors that will determine these results and values are beyond the Company's ability to control or predict. Readers of this press release are cautioned not to put undue reliance on any forward looking statement. The Company undertakes no obligation to publicly update these forward looking statements, whether as a result of new information, future events or otherwise. |
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