CBS Airs Favorable Segment On Top Source Technologies' MotorCheck OSA-II.PALM BEACH GARDENS, Fla.--(BUSINESS WIRE)--Aug. 18, 1999-- Top Source Technologies, Inc. (AMEX AMEX See: American Stock Exchange : TPS (1) (Transactions Per Second) The number of transactions processed within one second. TPS is a better rating for the performance of hardware and software than the common MHz and GHz rating of the computer. ) today announced CBS (Cell Broadcast Service) See cell broadcast. Television's Memphis affiliate, ran a five minute segment on August 12, 1999 demonstrating the efficacy of the Company's MotorCheck(TM) On-Site Oil Analyzer ("OSA-II"). The OSA-II is a patented instrument that identifies engine and transmission problems or lack thereof, in approximately five minutes, using a small sample of engine oil or transmission fluid. For the broadcast, consumer reporter, Andy Wise, based out of TV Station WREG in Memphis, Tennessee For the ancient Egyptian capital, see . Memphis is a city in the southwest corner of Tennessee, and the county seat of Shelby County. Memphis rises above the Mississippi River on the 4th Chickasaw Bluff just below the mouth of the Wolf River. , conducted three OSA-II tests at Auto Traders' Memphis headquarters where, since May of this year, used-car advertisers have been enhancing the salability sal·a·ble also sale·a·ble adj. Offered or suitable for sale; marketable. sal  a·bil of their vehicles by having them tested and, if determined to be in good working condition, awarded "MotorCheck(TM) Certification." During the segment, the diagnostic abilities of the OSA-II in analyzing used-oil samples from three different vehicles was demonstrated in a blind test. These findings were then compared to the findings of a trained mechanic. For the three vehicles tested, the OSA-II produced results that correlated identically with those of the mechanic. The local broadcast and the airing of this segment in select CBS markets over the past few days in the U.S. have created unprecedented walk-in demand at the Memphis AutoTrader for on-site oil analysis testing, and has generated a substantial number of requests via the telephone and the Internet for oil analysis test kits and OSA-II information from the Company. This favorable publicity for the OSA-II, comes on the heels of a feature story in Kiplinger's Personal Finance Kiplinger's Personal Finance (KIP-lin-jerz) is a magazine that has been continuously published, on a monthly basis, from 1947 to the present day. It was the nation's first personal finance magazine, and prides itself on delivering "sound, unbiased advice in clear, (September '99) and a front-page profile in Investor's Business Daily Investor's Business Daily (IBD) is a national newspaper in the United States, published Monday through Friday, that covers international business, finance, and the global economy. Founded in 1984 by William O'Neil, its headquarters are in Los Angeles, California. in April. In September 1999, a MotorCheck(TM) OSA-II informational segment is expected to appear on American Business Review, which is hosted by one of the broadcast industry's best known consumer advocates, John Stossel John F. Stossel (born 6 March 1947) is a consumer reporter, author and co-anchor for the ABC News show 20/20.[1] Stossel practices advocacy journalism, which has resulted in frequent criticism from organizations that disagree with him. . The PBS PBS in full Public Broadcasting Service Private, nonprofit U.S. corporation of public television stations. PBS provides its member stations, which are supported by public funds and private contributions rather than by commercials, with educational, cultural, segment is expected to be aired in over 200 markets. Commenting, Will Willis, Chairman, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , stated, "The endorsement by way of a live demonstration is an excellent way to increase awareness of the capabilities of the MotorCheck(TM) OSA-II. We have received many quality inquiries as a result of this exposure in Memphis, Southern California, Kansas City, and the Dallas markets, where this CBS consumer segment has already been aired. Additionally, we have received requests by CBS in Philadelphia and ABC ABC in full American Broadcasting Co. Major U.S. television network. It began when the expanding national radio network NBC split into the separate Red and Blue networks in 1928. in Atlanta for similar demonstrations." Mr. Willis further stated, "The potential sale of the assets of the Top Source Automotive, Inc. subsidiary ("TSA TSA See tax-sheltered annuity (TSA). "), slated for mid-September, will help generate both financial and human resources to significantly accelerate our pursuit of consumer and trade media exposure to help increase awareness and demand for the MotorCheck(TM) OSA-II. Our goal is to eventually have a network of OSA-II units strategically located in every market in the U.S., thus enabling consumers to have their oil tested quickly and conveniently on-site." Top Source is offering free copies of the CBS segment to anyone calling the Company at 1-800-285-7708 or via e-mail at mail@Topsource.com. The used-oil test kits may also be ordered at the Company's website at: www.Topsource.com for $17.90, including shipping and handling; once at the website, click on the MotorCheck(TM) On-Site Analyzer symbol to make the purchase. Top Source Technologies, Inc. develops, assembles, and markets sophisticated technologies including the patented MotorCheck(TM) On-Site Analyzer, "an oil analysis mini-lab in a box," and proprietary Overhead Sound Systems. Forward-Looking Statements The statements discussed in this press release relating to the Company's expectation that it anticipates closing the TSA transaction with Onkyo by mid September 1999, that additional OSA-II demonstrations will be successful and aired by CBS in Philadelphia and by ABC in Atlanta, that the MotorCheck(TM) OSA-II informational segment will appear on American Business Review, and that these segments, if aired, will increase awareness and demand for the OSA-II, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The results anticipated by these forward-looking statements may not occur. Important factors that could cause actual results to differ materially from these forward-looking statements include the successful completion of due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. by Onkyo, the ability of Onkyo to obtain financing, and unexpected legal, accounting and other issues that could delay the signing of a definitive agreement; the decision by CBS, ABC and American Business Review not to air the MotorCheck(TM) OSA-II demonstrations and informational segment, the continued reliability of the OSA-II technology over an extended period of time, and the Company's ability to market OSA-IIs. Investors should also consider information contained in documents filed by the Company with the Securities and Exchange Commission. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion