Compu-DAWN Changes Stock Symbol to 'ETVC' and Plans to Change Its Corporate Name to e.TV Commerce Industries, Inc.CEDARHURST, N.Y.--(BUSINESS WIRE)--March 5, 1999--Compu-DAWN, Inc. (Nasdaq:CODI CODI Cornucopia Of Disability Information CODI Committee on Development Information CODI Customers of Dynix, Inc. (user group) CODI Consortium Omscholing Docenten Informatica (The Netherlands) ) today announced that effective Monday Monday: see week. , March 8, 1999, the Company's new stock symbol will be 'ETVC'. The change has been made in connection with the Company's recent direction into the e-commerce e-commerce, commerce conducted over the Internet, most often via the World Wide Web. E-commerce can apply to purchases made through the Web or to business-to-business activities such as inventory transfers. , internet, and telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. business through 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. of e.TV e.tv is the fifth terrestrial television channel in South Africa, following three channels operated by the state-owned South African Broadcasting Corporation (SABC 1, SABC 2 and SABC 3) and the privately owned subscription-funded M-Net, operated by Multichoice. Commerce, Inc. The Company is planning on changing its corporate name to e.TV Commerce Industries, Inc. and will seek stockholders' approval to do so at its next stockholders' meeting. After the name change, the Company will continue to use the name Compu-DAWN for its public safety software division. "This event marks our official entry into the e-commerce, internet and telecommunications business. Our new symbol will be associated with the Company's new focus which will soon be recognized by our new name, e.TV Commerce Industries, Inc, if the name change is approved by our stockholders. This change is appropriate since we have shifted our attention to the booming e-commerce, internet and telecommunications industry segment. The Company is on target to achieve significant improvement this year to its prior results. We look forward to our kick-off marketing convention for e.TV Commerce, Inc. at the Orlando Hyatt on March 19-21, 1999," said Ted Turner For other persons named Ted Turner, see Ted Turner (disambiguation). Robert Edward Turner III (born November 19 1938 IV, Chairman of the Board. About e.TV Commerce Inc. e.TV, founded in January 1999, is a wholly owned subsidiary of Compu-DAWN, Inc. e.TV is in the business of Internet, e-commerce, and telecommunications. Sales of its products and services are sold primarily through a referral network marketing organization of 18,000 representatives. Access the e.TV Commerce, Inc. and Compu-DAWN website at http://www.compudawn.com for further information. Forward Looking Statements Certain information contained in this announcement are "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. ". Compu-DAWN cautions readers that certain important factors may affect actual results and could cause such results to differ materially from any forward-looking statements which may be deemed to have been made in this announcement or which are otherwise made by or on behalf of Compu-DAWN. For this purpose, any statements contained in this announcement that are not statements of historical fact may be deemed to be forward-looking statements. Factors which may affect results include, but are not limited to, the risks and uncertainties associated with multi-level network marketing, the Internet and Internet related technology and products, new technology developments, developments and regulation in the telecommunications industry, the risk of loss of management and personnel, the competitive environment within the Internet and telecommunications industries industry, the competence required and experience of management and economic conditions. For Reservations for the Orlando Convention call Nancy Meyer, Events Coordinator at (904) 680-6680. |
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