DataWorld Solutions Files Quarterly Filings to Become Fully Reporting Company; Process to Re-list Common Stock on the Over-the-Counter Bulletin Board Initiated.Business Editors/High-Tech Writers HAUPPAUGE, N.Y.--(BUSINESS WIRE)--May 7, 2004 DataWorld Solutions, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :DWLD) announced today that it filed the last of its required quarterly filings to bring the company current in its financial reports. The Company is preparing to file its Form 211, in order to re-apply for listing on the Over the Counter Bulletin Board. "We have never been more optimistic op·ti·mist n. 1. One who usually expects a favorable outcome. 2. A believer in philosophical optimism. op about the prospects for our business," said Daniel McPhee, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "We recently completed our first project in the security business, Data World's balance sheet has improved and we anticipate further improvements going forward. It should be apparent to our shareholders that we have pro-actively initiated steps to broaden our product offerings in order to develop the revenue momentum necessary for eventual profitability. We believe that this next step towards obtaining a listing on the Bulletin Board will increase the marketability of our common stock and provide us with the opportunity to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. the growing interest in our innovative security solutions." About DataWorld Solutions, Inc. DataWorld Solutions, Inc. 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 A group of sockets used to connect incoming and outgoing lines in communications and electronic systems. Patch panels allow for manually wiring the connections with small cables (patch cords), rather than automatic switching. , and active components including hubs, bridges, routers, gateways and modems. DataWorld encourages customers to discuss their unique cabling requirements with its experienced sales/marketing support team so that cost-effective solutions can be provided for customer specific needs. About 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, Inc. DWS Defense Systems, Inc., a 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 DataWorld Solutions, Inc., was created in response to the growing security concerns expressed by the clients of DataWorld. In reaction to acts of domestic and international terrorism Noun 1. international terrorism - terrorism practiced in a foreign country by terrorists who are not native to that country act of terrorism, terrorism, terrorist act - the calculated use of violence (or the threat of violence) against civilians in order to attain , businesses are searching for better ways to protect their buildings, and more importantly, to better protect the people who work in or visit these locations. DWS will offer one such solution -- high quality, state of the art safety/security glass product applications and associated security systems. 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 matter, the matters in this press release are forward-looking statements and are made pursuant to the 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. 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 DataWorld's business and prospects and cause actual results to differ materially from these forward-looking statements, which are detailed in DataWorld's public filings with the SEC. For more information on DataWorld Solutions, Inc. visit: www.dwsdefense.com and www.dataworlddirect.com |
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