Asdar Group Announces Acquisition of Scalable Server Platform Technology.Business Editors TORONTO--(BUSINESS WIRE)--March 21, 2000 THE ASDAR ASDAR Aircraft to Satellite Data Relay ASDAR Audio Storage Dial Access and Retrieval GROUP (Symbol "XBET" - OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB) today announced that is has acquired Tek Master Ltd. for 2,000,000 shares of its restricted common stock. Tek Master has developed the proprietary technology which will enable a scalable server platform to empower empower verb To encourage or provide a person with the means or information to become involved in solving his/her own problems Internet server applications. Once implemented, a multi-threaded server will maximize the provider's client load. Stephen J. Nemergut, President of ASDAR stated "This is our first step in what we believe will be a successful game plan to enter the world of Internet technology. We intend on aggressively pursuing other entities that will add to the potential value of the Company." Mr. Nemergut went on to state that Jack Sha has agreed to become a board member of the company. Mr. Sha has a long history of successful business ventures both in Canada and the Far East. "Signed" ---------------- Stephen Nemergut President 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. 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: The statements contained herein which are not historical fact are 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. that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but no limited to, certain delays in testing and evaluation of products and other risks detailed from time to time in Power Direct, Inc.'s filings with the Securities & Exchange Commission. |
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