Cleartron Announces Agreement Wth Travis Morgan Securities.Business/High-Tech Editors CHICAGO--(BUSINESS WIRE)--Oct. 24, 2000 Cleartron Corp., specializing in low-frequency wireless data communications data communications, application of telecommunications technology to the problem of transmitting data, especially to, from, or between computers. In popular usage, it is said that data communications make it possible for one computer to "talk" with another. , today announced that Travis Morgan Securities, Inc. will serve as its financial advisors. Travis Morgan, a full service investment bank and brokerage firm based in Irvine, CA., in its capacity as financial advisor, will identify and introduce qualified investors to Cleartron for the purpose of providing the necessary capital for the acquisition of wireless licenses and the required working capital for expected growth during the next year. Recently, Cleartron announced that it had signed a final agreement to merge with Vanadium vanadium (vənā`dēəm), metallic chemical element; symbol V; at. no. 23; at. wt. 50.9415; m.p. about 1,890°C;; b.p. 3,380°C;; sp. gr. about 6 at 20°C;; valence +2, +3, +4, or +5. Vanadium is a soft, ductile, silver-grey metal. International, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :VDUM), from which Cleartron will emerge as the parent company. The Corporation will change its name to Cleartron Corp., and details regarding the change will be completed shortly. As announced in September, the merger was the first step in Cleartron's long-term strategy of acquiring licenses and establishing a strong market position in both proprietary technology and broadcast frequencies within the low-frequency spectrum (218-219 MHz (MegaHertZ) One million cycles per second. It is used to measure the transmission speed of electronic devices, including channels, buses and the computer's internal clock. A one-megahertz clock (1 MHz) means some number of bits (16, 32, 64, etc. ). These low frequencies are optimum for telemetry telemetry Highly automated communications process by which data are collected from instruments located at remote or inaccessible points and transmitted to receiving equipment for measurement, monitoring, display, and recording. applications, such as "smart appliances" or enabling industrial and commercial machines to communicate with each other. For further information, please contact Michael Fortino, The Fortino Group, 412-322-2271. 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 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: This News Release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipates" or similar expressions. Such forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from those expressed or implied by such forward-looking statements. (Such factors include, among others, the risk factors contained in the company's Annual Reports and other filings with the Securities and Exchange Commission.) In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. The Company will remain dependent upon future financing for its growth and development, and to successfully implement its business plan. |
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