Dataguard Recovery Services Changes Name to Strategia Corporation.LOUISVILLE, Ky.--(BUSINESS WIRE)--July 29, 1996--Strategia Corporation, formerly Dataguard Recovery Services, Inc., announced that the company's name change and 1-for-2 reverse stock split took effect before the opening of business today. As a result of the 1-for-2 reverse stock split, every two of the company's common shares outstanding at the effective time were automatically converted into one new common share of Strategia Corporation. The company's name change and reverse stock split were approved by shareholders at the company's 1996 annual meeting on July 12, 1996. The company elected to change its name to reflect its evolution from a computer disaster recovery specialist to a provider of a full range of strategic information processing information processing: see data processing. information processing Acquisition, recording, organization, retrieval, display, and dissemination of information. Today the term usually refers to computer-based operations. services to users of mid-range and large computer systems in both North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and Europe. The company's services now include outsourcing and millennium consulting, conversion and testing services. Millennium services are designed to enable computer users to modify their software so their data processing data processing or information processing, operations (e.g., handling, merging, sorting, and computing) performed upon data in accordance with strictly defined procedures, such as recording and summarizing the financial transactions of a systems function properly in the year 2000. The so-called "millennium problem" arises because computer programs commonly rely on two-digit date codes (MM-DD-YY) for calculations and decision-making functions. Many programs will fail due to an inability to properly interpret dates past 1999. The company offers consulting, conversion and testing, either separately or as a turnkey solution for a customer's entire year 2000 project. Strategia Corporation operates in North America and Europe through major data center facilities in Louisville and Paris, France. For more than a decade, the company has been a leading provider of computer services Data processing (timesharing, batch processing), software development and consulting services. See service bureau, SaaS and ASP. , including alternate site facilities and outsourcing services for users of Bull and IBM mainframe computers, and contingency planning services. The company's stock trades in the over-the-counter market over-the-counter market Trading in stocks and bonds that does not take place on stock exchanges. Such trading occurs most often in the U.S., where requirements for listing stocks on the exchanges are strict. and is listed under the symbol STGI STGI Sim Toolkit Get Information 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. . CONTACT: Strategia Corp. Richard W. Smith, 502/426-3434 |
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