Aura Expands Staff.EL SEGUNDO El Segundo (ĕl sēgŭn`dō), industrial city (1990 pop. 15,223), Los Angeles co., S Calif., on Santa Monica Bay; inc. 1917. Its products include navigation and computer systems, aircraft parts, office machines, telephone apparatus, and , Calif. -- Aura Systems Inc. (Pink Sheets:AUSI AUSI Autonomous Undersea Systems Institute AUSI Associated Underwater Scuba Instructors (Queenscliff, Victoria, Australia) ) announced today, as part of the Company's previously reported business expansion plan, an immediate effort has been placed on adding additional staff in various departments to meet expanded needs. The recent hiring of two new engineers and two new sales people represent the first step in this process. Further hirings are anticipated as the Company continues to interview in order to expand its infrastructure and to better reach out to market opportunities. Mr. Melvin Gagerman, Aura's Chairman, said, "The need for the Company's patented under the hood under the hood - [hot-rodder talk] 1. The underlying implementation of a product (hardware, software, or idea). Implies that the implementation is not intuitively obvious from the appearance, but the speaker is about to enable the listener to grok it. technology has application to many industries and is used for a multitude of purposes. The Company mandate is to maintain state of the art technology with constant review and upgrading by a highly trained engineering force; bring the message to more potential customers by increasing our sales force; and ensuring customer satisfaction and support with a strong infrastructure." "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 in this release which are not historical facts are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. These risks are described in the Company's Securities and Exchange Commission filings. |
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