ClearWorks.net Announces Change in Transfer Agents.HOUSTON--(BUSINESS WIRE)--June 14, 1999-- Houston-based ClearWorks.net (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:CLWK) announced today a change of the company's transfer agents, to take effect in approximately two weeks. ClearWorks.net will henceforth From this time forward. The term henceforth, when used in a legal document, statute, or other legal instrument, indicates that something will commence from the present time to the future, to the exclusion of the past. utilize the services of Cranford, N.J.-based Registrar and Transfer Co., replacing its previous transfer agent, Olde Mammoth mammoth, name for several large prehistoric elephants of the extinct genus Mammuthus, which ranged over Eurasia and North America in the Pleistocene epoch. Co., also based in New Jersey. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Michael T. McClere, 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. of ClearWorks.net, the change is being made to take advantage of the "fuller range of services" offered by Registrar and Transfer Co. Included in these services are improved record-keeping and reporting, an expert in-house legal department, a quick turnaround Turnaround A situation where a company that has had poor performance for an extended period of time experiences a positive reversal. Notes: A speculator may profit from a turnaround if he or she accurately anticipates the improvement of a poorly performing company. in stockholder-relations activities, a toll-free client information service, timely preparation of stockholder reports, tax-reporting services, annual meeting services and a range of other corporate services Activities that combine or consolidate certain enterprise-wide needed support services, provided based on specialized knowledge, best practices, and technology to serve internal (and sometimes external) customers and business partners. . "Registrar and Transfer Co. is an experienced, tried-and-tested transfer agent that's been doing business for the last 100 years," McClere said. "They're a full-service organization that can support the growth plans that ClearWorks.net has for the new millennium." Following the change in transfer agents, one of the first actions to be accomplished by ClearWorks.net will be a mandatory exchange of stock certificates, occasioned by the company's recent name change from ClearWorks Technologies Inc. to ClearWorks.net. New certificates issued under the corporate name redesignation include a new CUSIP number CUSIP Number An identification number assigned to all stocks and registered bonds. The Committee on Uniform Securities Identification Procedures (CUSIP) oversees the entire CUSIP system. Notes: This system is used in the U.S. and Canada. on all stock certificates, a task that Registrar and Transfer Co. will accomplish. Certain statements in this release are forward-looking. Although ClearWorks.net (the Company) believes its expectations are based on reasonable assumptions within the bounds of its knowledge of its business and operations, there can be no assurance that actual results will not differ materially from its expectations. Merger Communications (Merger) is a media relations firm employed by the Company. Statements and opinions presented here represent the views of the Company, not Merger, as the release is based on information provided by the Company. Merger and the Company believe that all information in this release has been obtained from sources considered reliable, but cannot guarantee that the statements presented herein are accurate or complete. Merger's compensation for its media relations services consists of a fee and stock. Merger can have a long position in the securities of the companies in which it distributes information for media use, and may be buying or selling securities in the course of its regular business. |
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