Printer Friendly
The Free Library
19,607,050 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

DataWorld Solutions To Change Company Name to Defense Technology Systems; Move Reflects Company's Growing Security and Defense Business.


HAUPPAUGE, N.Y. -- DataWorld Solutions, Inc. (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
: DWLD) announced today that it has instructed its legal counsel to file the appropriate forms to change the Company's name to Defense Technology Systems (DTS (1) (Digital Theatre Sound) A digital audio encoding system used in movie and home theaters. Popularized by the movie Jurassic Park, the six-channel (5. ). The move reflects the Company's growing focus on security and defense applications. The Company currently pursues security opportunities via its wholly-owned subsidiary 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.

DTS will continue to pursue new products and services to enhance it's security and defense business. DWS Defense Systems recently completed the installation of bullet resistant doors and other security-related accessories for 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's new branch in lower Manhattan. The high-profile installation included bullet-proof doors throughout teller and bank vault areas, specially fortified sheetrock for the wall, bullet resistant fiberglass mesh and bullet resistant laminated polycarbonate A category of plastic materials used to make a myriad of products, including CDs and CD-ROMs.  for the teller areas.

In connection with its new focus, the company expects to appoint additional senior executives with experience in the security industry. Its current Advisory Board includes former New York City Police Commissioner The New York City Police Commissioner is the head of the New York City Police Department, appointed by the Mayor of New York City. Governor Theodore Roosevelt, in one of his final acts before becoming Vice President of the United States in March 1901, signed legislation replacing  Bernie Kerik. Mr. Kerik currently serves on Taser International's (NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
: TASR TASR Tlacova Agentura Slovenskej Republiky (News Agency of the Slovak Republic)
TASR Terminal Airport Surveillance Radar
TASR Tactical Automated Situational Receiver
TASR Telecommunication Assessment Survey Report
) Board of Directors. DTS will continue to utilize Kerik's expertise and experience to identify market opportunities.

"We believe the name change better reflects the success we have enjoyed and the opportunities ahead for our security business," said McPhee. "The timing is ideal for this change, as there are significant opportunities in this area. With the recent improvements to our balance sheet and our re-listing on the OTC Bulletin Board OTC Bulletin Board

An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system.
, we now believe that all of the pieces are in place to transform Defense Technology Systems into a leading provider of 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, 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 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, 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 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.
COPYRIGHT 2004 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Geographic Code:1USA
Date:Jun 21, 2004
Words:594
Previous Article:Fortis US Selects Xenon for New Energy Trading Business.
Next Article:PSC Inc. Marks History By Previewing First RFID/Barcode Hybrid Scanner; 30th Anniversary of ``Beep That Changed The World''.
Topics:



Related Articles
The John R. Quetsch Memorial Lecture Series.
Bush team reviewing defense trade policy. (Government Policy Notes).
Industry suggests improvements for exports. (Government Policy Notes).
Impact of foreign military sales case payment schedule improvements on Defense Security Assistance Management System.
Military Imagery Agency to be renamed.
Focused support to the warfighter captured in Major Army Command name change.
Army modifies weapon acquisition policies.
Defense and deficits.
Troubled security clearance program needs fixing.

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles