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Aussie Apparel Group Announces Symbol Changes From AAPP to AAPR to AASI.


Business Editors

LOS ANGELES--(BUSINESS WIRE)--May 28, 2003

Aussie Apparel Group Ltd. (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
:AASI AASI American Association of Snowboard Instructors (affliated with Professional Ski Instructors of America)
AASI Abel Assessment for Sexual Interest
AASI Automobile Association of South India
) announced today that NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
 changed its new symbol from AAPR to "AASI." The change was due to an inadvertent error at NASDAQ whereby the AAPR symbol just issued to the company apparently conflicts with the symbol of a NYSE NYSE

See: New York Stock Exchange
 company.

As part of a five-for-one forward split announced Friday, May 23, 2003, Aussie Apparel's symbol was changed from AAPP to AAPR. NASDAQ informed the company Tuesday morning of the conflict in using AAPR and therefore NASDAQ provided the company with yet another new symbol -- AASI.

The new symbol AASI -- issued today by NASDAQ -- will be effective at the opening of business on Wednesday, May 28, 2003. The company apologizes for any confusion and/or inconvenience this may have caused to its shareholders.

Safe Harbor:

This release may contain forward-looking statements within the meaning 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. The risks and uncertainties that may affect the operations, performance development and results of the Company's business include but are not limited to fluctuations in financial results, availability and customer acceptance of our products and services, the impact of competitive products, services and pricing, general market trends and conditions, and other risks detailed in the Company's SEC reports.
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Copyright 2003, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:May 28, 2003
Words:215
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