Artescope, Inc. Acquires 100% of Global-Axxess.Business Editors Company seeks name change to GlobeTrac Inc. Artescope, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : ARTE) has reached an agreement to acquire all of the shares of Global Axxess Corporation Limited, a private Irish company that is a global wireless tracking and telematics Originally coined to mean the convergence of telecommunications and information processing, the term later evolved to refer to automation in automobiles. GPS navigation, integrated hands-free cellphones, wireless communications and automatic driving assistance systems all come under the distributor. Artescope will pay nominal consideration for the shares of Global Axxess. Global Axxess provides an end-to-end end-to-end a pattern of anastomosis in which severed ends are matched and united, in contrast with other patterns such as end-to-side or side-to-side. Usually applied to anastomosis of the intestine. platform that utilizes GSM/GPRS as the wireless backbone and requires no third party for support or development. Combined with fleet management, Global Axxess wireless data services can address the entire business service chain from vehicle tracking, location services See mobile positioning. and telematics data transfer, to full e-mail Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the capabilities providing total connectivity for the customer. Also in anticipation of Artescope changing its business, the board of directors and the shareholders have approved a name change to better reflect this new direction. The proposed new name of the company is "GlobeTrac Inc.". The name change is still subject to the approval of the regulatory bodies having jurisdiction over the affairs of Artescope. Management expects the name change to be effective in early August 2002, at which time Artescope will confirm with another news release. For more information, visit www.globetrac.com or contact Artescope Inc. at (866) 571-2034 or by e-mail at info@globetrac.com. Certain statements contained herein are "forward-looking" statements (as such term is defined in 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). Because such statements include significant risks and uncertainties, actual results may differ materially from those expressed or implied by such 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. . For a discussion of some of these risks and uncertainties, please refer to the company's SEC filings, which contain additional discussion about those risk factors, which could cause actual results to differ from management's expectations. Artescope, Inc. expressly disclaims any obligation to update the statements contained herein. |
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