Combined Professional Services Announces Migration to the State of Delaware and Change of Name to Patron Systems Inc.Business Editors & High-Tech Writers CHICAGO--(BUSINESS WIRE)--Oct. 23, 2002 Combined Professional Services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CPFS CPFS Centre for Philosophy and Foundations of Science (India) CPFS Computer Program Functional Specification ) today announced that it will be migrating from Nevada to the state of Delaware. This redomestication will be accomplished by a merger of Combined Professional Services Inc. with and into its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. ; Patron Systems Inc. Patron Systems Inc. will become the surviving name of the corporation. The redomestication was approved unanimously by the board of directors and by a majority of the outstanding stockholders of CPFS. Combined Professional Services will be filing an information statement with the SEC, notifying stockholders of the terms of the previously announced Share Exchange, the terms of the Reincorporation Merger, as well as the adoption of Patron Systems' Certificate of Incorporation certificate of incorporation n. some states issue a certificate to prove a corporation's existence upon the filing of Articles of Incorporation. In most states the Articles are sufficient proof. , Charter, Bylaws The rules and regulations enacted by an association or a corporation to provide a framework for its operation and management. Bylaws may specify the qualifications, rights, and liabilities of membership, and the powers, duties, and grounds for the dissolution of an and Option Plan. Once reviewed by the SEC and following a 20 day statutory notice period to all Combined Professional Services stockholders, each outstanding share of common stock of Combined Professional Services will be converted into and exchanged for the right to receive one share of common stock of Patron Systems. It is anticipated that the name change and use of a new symbol will become effective by mid-November. "The name change reflects our strategy to develop the Patron Systems trusted enterprise security solutions brand," commented Patrick J. Allin. "The word 'Patron' means supporter, protector, or champion of a cause, and we intend Patron Systems to become the champion of trusted operating environments via best-of-breed digital information security." As previously announced, the management team of Combined Professional Services, whose credentials and former business roles are listed below, will retain the same positions under the new company name:
Patrick J. Allin, CEO
-- Senior Partner at PricewaterhouseCoopers and COO of the $6 billion
Global Consulting Practice
-- Co-Chairman and CEO of Encore Development
-- President of various billion dollar companies in Canada and the
United States
-- Audit Partner at Price Waterhouse
Brett Newbold, CTO, president -- Technology Products
-- Served for eight years as VP of R&D for Oracle Corp. -- Senior
responsibility for the selection and development of new
technologies, reporting directly to Larry Ellison
-- Consultant to Kleiner Perkins Caufield & Byers
-- President and COO of OpenText (Nasdaq:OTEX)
Rich Linting, President -- Security Services
-- Lead Technology Partner and Executive Committee Member at
Accenture
-- President of Carreker Corp. (Nasdaq:CANI)
-- Built global consulting practices at both Computer Sciences
Corp. and Digital Equipment Corp.
In addition to a solid management team, Patron Systems has recently announced a Letter of Intent to acquire Entelagent Software Corp. as its first step in building a portfolio of offerings under the Technology Products Group. Entelagent Software provides enterprise-wide solutions for optimizing real-time electronic mail surveillance, pre- and post-event review of e-mail and attachments, archiving and policy management. Entelagent's e-mail content monitoring technology addresses the need for comprehensive internal security measures Noun 1. security measures - measures taken as a precaution against theft or espionage or sabotage etc.; "military security has been stepped up since the recent uprising" security to safeguard intellectual capital, promote workplace productivity and protect company reputations. Entelagent Software offers a full range of services to best-fit customer requirements. For Human Resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. groups Entelagent Software provides a ready-to-use, field-specific, open lexicon. Entelagent also delivers guidance in easily tailoring the system to map the customer's policies and procedures Policies and Procedures are a set of documents that describe an organization's policies for operation and the procedures necessary to fulfill the policies. They are often initiated because of some external requirement, such as environmental compliance or other governmental related to workplace sensitivity. To help companies comply with the U.S. rules regarding e-mail communications between securities firms and the investing public, Entelagent offers its SAMS SAMS Scottish Association for Marine Science SAMS Space Acceleration Measurement System SAMS South American Missionary Society (of the Episcopal Church, Inc) SAMS School of Advanced Military Studies (US Army) Online(R) SEC Compliance Solution. Clients include some of the largest banking and financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. firms, such as Goldman-Sachs, Mellon Bank, Nomura Securities, Daiwa Securities America and Edward Jones Edward, Eddie, or Ed Jones is the name of: Edward Jones:
About Patron Systems Inc. Patron Systems is a development stage information security company incorporated in April 2002 to provide security services Security services are state institutions for the provision of intelligence, primarily of a strategic nature, but also including protective security intelligence. Examples include the Security Service (MI5) and the Secret Intelligence Service (MI6) in the United Kingdom, and the and technology products to global enterprises. Patron's Security Services Group intends to work with organizations to provide comprehensive, certifiable cer·ti·fi·a·ble adj. 1. That can or must be certified. Used of infectious, industrial, and other diseases that are required by law to be reported to health authorities. 2. solutions for trusted information environments. Initial offerings are contemplated to include vulnerability A server-side include vulnerability is a vulnerability that can potentially allow an attacker to execute arbitrary scripts on a host server by including the file in an existing script. assessments; compliance and certification reviews, training, remediation, monitoring and managed services. Patron's Technology Products Group, through its planned acquisition of third generation software and hardware, plans to help enterprises address security needs holistically throughout the IT environment. Patron Systems intends to deploy products maintaining the highest standards of independence, product quality and functionality, as well as ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). for the client organization. Entelagent Software Corp. Entelagent Software began operations in 1996 to develop an e-mail processing engine capable of auto-archiving, providing message preview and review and data mining of enterprise-wide databases of e-mail and attachments. The emergent product, the SAMS Online(R) scalable platform, provides real-time monitoring and post-event review of e-mail messages and their attachments, as well as infrastructure for Knowledge Management of archived e-mail messages and attachments in all media. At the core of this "content-aware" e-mail management system is a rules-based lexicon, or keyword/phrase database. This database contains an intelligent processor that provides the ability to define preview and review rules at the individual, group, department, or enterprise-wide level, employ separate lexicons for each group in an organization (financial, technical, Human Resources, specific workgroups and branch offices, etc.), and even filter content for phrases associations, combinations, phonetics phonetics (fōnĕt`ĭks, fə–), study of the sounds of languages from three basic points of view. Phonetics studies speech sounds according to their production in the vocal organs (articulatory phonetics), their physical properties , misspellings, and backward spellings. Support is also available for multiple languages, including European and Asian languages, to ensure global capability of the content monitoring system. Forward-Looking Statements The statements made in this news release are forward-looking and are based on current expectations that are subject to a number of uncertainties and risks, and actual results may differ materially. The uncertainties and risks include, but are not limited to, the ability to complete the proposed reincorporation merger or any proposed acquisitions, the ability of Patron or the company to execute effectively its business plan, changes in the market for information security solutions, changes in market activity, anticipated increases in customers, seasonality, the development of new products and services, the enhancement of existing products and services, competitive pressures (including price competition), system failures, economic and political conditions, changes in consumer behavior and the introduction of competing products having technological and/or other advantages. Any forward-looking statements are made pursuant to 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 and, as such, speak only as of the date made. Statements made in this document that are not purely historical are forward-looking statements, including any statements as to beliefs, plans, expectations, or intentions regarding the future. The company assumes no obligation to update information concerning its expectations. |
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