Chester Holdings Ltd. Announces Acquisition of PROBITY INTERNATIONAL, INC.FLANDERS, N.J. and RESTON, Va.--(BUSINESS WIRE)--Aug. 24, 1999-- Chester Holdings Ltd. (Electronic Bulletin Board symbol: CHES) today announced that it has agreed to acquire PROBITY PROBITY. Justice, honesty. A man of probity is one who loves justice and honesty, and who dislikes the contrary. Wolff, Dr. de la Nat. Sec. 772. INTERNATIONAL, INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . of Reston, Va. PROBITY has developed proprietary software, known as the "PROBITY GRADIENT", and methodology which allows it to provide the highest levels of internet security ''This article or section is being rewritten at Internet security is the process of protecting data and privacy of devices connected to internet from information robbery, hacking, malware infection and unwanted software. consulting and design services to corporate and governmental clients world wide. PROBITY also offers Trusted sub LANs and Trusted Internets which allow special interest groups to contain highly sensitive Adj. 1. highly sensitive - readily affected by various agents; "a highly sensitive explosive is easily exploded by a shock"; "a sensitive colloid is readily coagulated" activity in stand alone networks or integrate it into enterprise networks. PROBITY has provided internet security solutions to the Philadelphia Stock Exchange Philadelphia Stock Exchange (PHLX) A securities exchange trading American and European foreign currency options on spot exchange rates. since 1997. PROBITY's "Brain Trust" of Security and Fault Tolerance experts have extensive experience in building evaluated Trusted products and systems for classified users in both US and NATO NATO: see North Atlantic Treaty Organization. NATO in full North Atlantic Treaty Organization International military alliance created to defend western Europe against a possible Soviet invasion. agencies and PROBITY products and systems are currently deployed in the US Navy and the Department of Defense internet systems. Michael O'Shea, President of Chester Holdings Ltd., stated, "I am extremely pleased with the prospect of joining forces with the management team at PROBITY. Not only will PROBITY insure the security and integrity of our own proprietary PharmaOn-line system, but we have already identified a number of other corporate and governmental clients interested in applying the PROBITY GRADIENT to their existing proprietary internet systems. We anticipate signing a definitive sales agreement with PROBITY by mid September, coinciding with our first funding from Growth Fund International of Australia. Chester has also been diligently pursuing clients for the PharmaOn-line system and I am confident that we will be able to announce significant progress on that front soon." "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 An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Act of 1995; to the extent that this press release makes statements about the future, such statements are forward looking and subject to a number of risks and uncertainties, including, but not limited to, the inability to meet all of the required reporting requirements. These risks could effect the ability of the Company to complete acquisition and successfully reorganize and resume operations as stated in any forward looking statements by, or on behalf of the Company. There is no assurance that the Company will be able to achieve any of its intended objectives. For information please phone or fax requests to 1-864-962-8638 |
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