CyberOpticLabs Announces Proposed Name Change to Cordia Corporation.Business Editors NORWALK Norwalk (nôr`wôk'). 1 City (1990 pop. 94,279), Los Angeles co., S Calif.; settled in the 1850s, inc. 1957. With the arrival (1875) of the Southern Pacific RR, it became a center for the dairy and logging industries, but , Conn.--(BUSINESS WIRE)--Feb. 21, 2001 CyberOpticLabs, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : CYOL) announced today that its Board of Directors has approved a name change to Cordia Corporation. The company's shareholders will vote on the new name at its Annual Meeting of Shareholders to be held some time in April. The company, which recently completed a series of acquisitions, believes that now is the appropriate time to establish a new corporate identity. As Cordia Corp., the company will be seeking to aggressively expand by leveraging its established expertise in providing industry specific business services with the use of state-of-the-art information systems and technology. CyberOpticLabs, Inc., soon to be Cordia, is a publicly-traded company that develops and provides industry specific applications, solutions and services. Cordia's primary operations are currently concentrated in the insurance industry through its operating division, Insurance Solutions Group (ISG ISG Iraq Study Group ISG Iraq Survey Group ISG International Steel Group ISG Integrated Security Gateway ISG Information Systems Group ISG Information Systems Group (IBM) ISG Integrated Starter/Generator ). ISG provides subrogation The substitution of one person in the place of another with reference to a lawful claim, demand, or right, so that he or she who is substituted succeeds to the rights of the other in relation to the debt or claim, and its rights, remedies, or Securities. , claims administration and premium sales; and distribution solutions and services to leading insurance industry participants. Cordia expects to expand its efforts into additional industry segments in the near future. This release contains 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. that involve risks and uncertainties. CYOL's actual results may differ materially from the results discussed in the forward-looking statements. Factors that might cause such a difference include, among others, availability of management; availability, terms, and deployment Installing, setting up, testing and running. This military term, which means the placement of troops and equipment in the field, is widely used with computers as an alternate to the word "implementation. of capital; CYOL's ability to successfully market its services to current and new customers, receive and maintain regulatory reg·u·late tr.v. reg·u·lat·ed, reg·u·lat·ing, reg·u·lates 1. To control or direct according to rule, principle, or law. 2. approvals and negotiate and maintain suitable vendor relationships, all in a timely manner, at reasonable cost and on satisfactory terms and conditions, as well as regulatory, legislative and judicial developments that could cause actual results to vary in such forward-looking statements. |
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