Datascension Inc. Provides Update to Shareholders.BREA, Calif. -- Datascension Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :DSEN) provides update to shareholders. Datascension enters 2005 having established the foundation for its subsidiary, Datascension International Inc., which will now be the sole focus and direction of the company. The subsidiary is expected to maintain the company's goal of profitability and rapid growth during the current fiscal year. Additional income-producing partnerships with nationally recognized corporations are due to be announced To be announced (TBA) A contract for the purchase or sale of an MBS to be delivered at an agreed-upon future date but does not include a specified pool number and number of pools or precise amount to be delivered. as negotiations are concluded and initial testing completed. "With our current funding partnership now in place, we are very excited to enter 2005 with an extremely positive outlook and have reasonable expectations that profitability of our Datascension International Inc. subsidiary will be maintained and rapidly built upon in fiscal year 2005. Combined with our plans to reorganize re·or·gan·ize v. re·or·gan·ized, re·or·gan·iz·ing, re·or·gan·iz·es v.tr. To organize again or anew. v.intr. To undergo or effect changes in organization. the company over the prior 12 months, our aim to have Datascension International remain profitable and continue growing in 2005 is a vision shared by our shareholders and we have made it our mission to reward them for their continued support," said Scott Kincer, president of Datascension International. Commenting on the new partnerships being negotiated and testing currently being undertaken, Joey Harmon, Datascension International's vice president, stated, "We are extremely pleased with the quality of the clients that have approached us to provide market research for them. We attribute this growing list of new clients to our firm commitment of complete customer satisfaction. We believe our strategy will distinguish us as a provider of services and customer service not available anywhere else." Murray Conradie, 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. of Datascension, stated, "I am very pleased with the performance of our team during 2004 and have great expectations moving into 2005 with everyone now focused on growing our call center subsidiary. We have been very gratified grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. by the interest shown by numerous shareholders who have contacted us and wish to keep all of you fully informed on the excellent progress we are making. This is a turning point in the history of our company and there are many positive developments we wish to discuss in greater detail than a typical press release will allow." Conradie concluded, "We expect to make additional public announcements in the near future that will specify and validate many of the areas covered in our restructuring and progress moving forward." About Datascension International Datascension International, a premier data solutions company with operations in California, Costa Rica Costa Rica (kŏs`tə rē`kə), officially Republic of Costa Rica, republic (2005 est. pop. 4,016,000), 19,575 sq mi (50,700 sq km), Central America. and the Dominican Republic Dominican Republic (dəmĭn`ĭkən), republic (2005 est. pop. 8,950,000), 18,700 sq mi (48,442 sq km), West Indies, on the eastern two thirds of the island of Hispaniola. The capital and largest city is Santo Domingo. , embodies a unique expertise in the collection, storage, processing and interpretation of marketing data. Employing hundreds of bilingual professionals, the company is rapidly becoming one of the largest Spanish-speaking call centers. The company's commitment to customer service, quality and on-time project management has fostered its world-class reputation among major market research firms and corporate market research departments. For further information: www.datascension.com. 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. Statement under 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: Certain statements made in this press release contain certain 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 a number of risks and uncertainties. In addition to the matters described above, the company's ability to initiate and complete the contemplated transactions described above will depend upon a number of factors including overall economic conditions, general stock market conditions and the continuing results of the company, as well as the risk factors listed from time to time in the SEC filings of Datascension Inc. |
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