DataWorld Solutions Changes Company Name to Defense Technology Systems, Inc.; New Corporate Name and Stock Symbol Reflects Focus on Security Solutions.HAUPPAUGE, N.Y. -- DataWorld Solutions, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :DWLD) announced today that it has legally changed the Company's name to Defense Technology Systems, Inc., -. The Company has been notified by the NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). that effective today the company's stock will begin trading under the ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors (OTCBB: DFTS DFTS Defence Fixed Telecommunications Service DFTS Directory File Transfer System (Owl Computing Technologies) DFTS Dual-Queue, Fifo, Timeout, Statistical TDM Scheme ). "We believe our new corporate name better reflects the activities and focus of the Company," said Phil Rauch, DTS's Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . "During the past six months, we have made tremendous progress, effecting significant improvements to our balance sheet, regaining our listing on the Nasdaq Over the Counter Bulletin Board, building new business relationships and attracting experienced executives to help us grow our security business. This focus has delivered immediate results, as we recently announced a key contract with the U.S. Embassy in Tel Aviv, the acquisition of the patent on the GIL-2001 Security Entrance System and a contract with Amalgamated a·mal·ga·mate v. a·mal·ga·mat·ed, a·mal·ga·mat·ing, a·mal·ga·mates v.tr. 1. To combine into a unified or integrated whole; unite. See Synonyms at mix. 2. Bank in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. . Our Advisory Board has begun to generate many opportunities for us through their extensive relationships. We now believe we are in the position to capitalize on these opportunities. We have never been in a better position to grow and build shareholder value." The Company will continue to manufacture and distribute its data and cable products through its DataWorld Solutions subsidiary and develop its security and defense business through its DWS DWS Dallas Wind Symphony (Dallas, TX) DWS Department of Workforce Services (Wyoming) DWS Division of Workforce Solutions (Wisconsin) DWS Driving While Suspended Defense Systems subsidiary. About Defense Technology Systems, Inc. Defense Technology Systems, Inc. is a leading international provider of data and security solutions. DataWorld Solutions, Inc. a wholly-owned subsidiary, is a multi-regional manufacturer of electronic cable assemblies used in providing connectivity solutions for customers operating a wide range of data systems to include linking or connecting standard or proprietary electronic devices and peripheral components from different vendors to provide solutions for various customer equipment configurations and requirements. DataWorld adds value by providing connectivity solutions, which may include distributed sales for passive components such as electronic connectors, electronic wire and cable, cabinets and racks and patch panels, and active components including hubs, bridges, routers, gateways and modems. The DWS Defense Systems subsidiary was created in response to growing international security concerns. Its customers include leading financial institutions, governments and international corporations. DWS offers a broad portfolio of security-related products, including ballistic glass and associated security systems, and the only Security Portal certified for Ballistics ballistics (bəlĭs`tĭks), science of projectiles. Interior ballistics deals with the propulsion and the motion of a projectile within a gun or firing device. and Forced Entry by the U.S. Department of State. The highly skilled DWS Defense Systems team, working in collaboration with its partners, will design, develop, manufacture, install and market specialty products, equipment, and systems for the safety and security needs of all sectors of the domestic and international marketplace. Except for historical matters, the matters in this press release are forward-looking statements and are made pursuant to the safe harbor provisions of 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. The forward-looking statements reflect assumptions, and involve risks and uncertainties, which might affect DTS's business and prospects and cause actual results to differ materially from these forward-looking statements, which are detailed in DTS's public filings with the SEC. For more information contact, please go to the Company's internet site at www.dwsdefense.com. |
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