CXNM/Bio-Tracking Confirms Applications for Name Change.Business Editors MONTREAL--(BUSINESS WIRE)--June 15, 2004 CXNM/Bio-Tracking Security Inc. (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 OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:CXIN) confirms that on May 18th 2004 the Company has filed all the proper documentation with the State of Florida's division of Corporations for a legal name change from China Xin Network Media to Bio-Tracking Security Inc. Bio-Tracking Inc. is anxiously awaiting confirmation from the state of Florida's division of corporations. Once confirmation has been received, the Company will proceed with our final request to NASDAQ for a name and symbol change. We are confident that the entire matter will be concluded shortly. Mr. Michael Tremis (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. ) commented: "This name change forms an integral part of our continued efforts to establish ourselves as a new and different organization from the past. It accurately reflects our company and the revolutionary products we are bringing forth to the marketplace." Mr. Michael Tremis continued: "This is an important landmark in our Corporation's development, following, as it does, on our recent achievements in recruiting a high level management team, clearing up our financial statements, and increasing shareholder equity thus enabling us to put more of our efforts and energies towards the continued building and ordained or·dain tr.v. or·dained, or·dain·ing, or·dains 1. a. To invest with ministerial or priestly authority; confer holy orders on. b. To authorize as a rabbi. 2. success of BIO-TRACKING SECURITY INC." The name change was approved at a Board meeting held on MAY 14, 2004. In a statement issued by the Board. "We feel that the name change provides us with a corporate image that better reflects our activities and technological focus, coupled with severing BIO-TRACKING SECURITY INC. from any affiliations with the prior administration." At that meeting the Board also reviewed developments from the R & D Department regarding new and innovative products in the final stages of evolution. Mr. Michael Tremis along with Mr. Kerry Shacter also advised the Board of current negotiations in progress concerning the procurement of financing with a number of reputable entities. BIO-TRACKING SECURITY INC. Bio-Tracking designs and manufactures vehicle/asset tracking and security technology, based on a Patent Pending, wireless interconnection method real-time tracking system. With driver privilege control, remote shutdown, lock/unlock capabilities, GPS navigation See GPS. , and tracking, biometric fingerprint identification, voice, and spectrum communication. We have added a division to focus on Homeland Security Noun 1. Homeland Security - the federal department that administers all matters relating to homeland security Department of Homeland Security executive department - a federal department in the executive branch of the government of the United States , International Counter-Terrorism, and Informative Risk-Management solutions. The company will offer Worldwide informative, technical, and sales support through its North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. office. 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 Safe Harbor Statement under 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 may be deemed to contain forward looking statements with respect to events, the occurrence of which involves risk and uncertainties including, without limitations to; demands and competition for the company's products and services, the availability to the company of adequate financing to support its anticipated activities, the ability of the company to generate cash flow and manage its operations. |
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