Definition Ltd., Reflects Success in New Business Direction with Name Change to EPERSONNELMANAGEMENT.COM.Business Editors/High Tech Writers PALM SPRINGS, Calif.--(BUSINESS WIRE)--April 27, 2000 Definition, Ltd. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: DFNL) announces the change of its corporate name to better reflect the Company's new focus and success with the acquisition and consolidation of the thriving Professional Employer Organizations A professional employer organization (PEO) provides outsourcing of payroll, workers' compensation, human resources and employee benefits administration. It does this by hiring a client company’s employees, thus becoming their employer of record. (PEO) industry. The Company plans to incorporate each acquisitioned PEO into the newly named EPERSONNELMANAGEMENT.COM (1) (Computer Output Microfilm) Creating microfilm or microfiche from the computer. A COM machine receives print-image output from the computer either online or via tape or disk and creates a film image of each page. , which will utilize the cost effectiveness and diversity of the Internet to create a business-to-business employment management outsourcing service. The Company is currently developing the Internet website at http://www.epersonnelmanagement.com . Donna Anderson, 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. states, "Given our new focus and direction, the Shareholders and Directors of the Company overwhelmingly supported a name which establishes brand recognition for our employment management services and benefits that were previously available only to Fortune 500 Companies." EPERSONNELMANAGEMENT.COM will be filing the required 8K forms to the Securities and Exchange Commission followed by the immediate request to the National Association of Securities Dealers National Association of Securities Dealers (NASD) Nonprofit organization formed under the joint sponsorship of the investment bankers' conference and the SEC to comply with the Maloney Act, which provides for the regulation of the OTC market. (NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). ) for a trade symbol that would properly reflect the Company's new name. About the PEO Industry Professional Employer Organizations retain contracts with companies to perform the increasingly expensive and complex tasks of payroll, benefits and human resource. In addition, a PEO functions as a liaison between a company and a benefit plan or financial service provider. Small to mid size businesses with PEO representative are afforded the benefit of focusing on their core business without incurring the in-house cost of labor and resources necessary to complete everyday business tasks such as payroll processing and continual updating of employee records. About EPERSONNELMANAGEMENT.COM EPERSONNELMANAGEMENT.COM is actively acquiring profitable PEOs, which will be integrated into the Company. The Company plans to improve end-to-end and e-commerce services so that every facet of routine payroll, benefits and human resource transactions can be accomplished on a self-service basis through Internet-delivered applications. The company website, http://www.epersonnelmanagement.com will utilize the cost effectiveness and diversity of the Internet to create a business-to-business integrated e-commerce employment management outsourcing company. Statements contained in this news release, which is not historical facts, are 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. as that are defined in 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. Such forward-looking statements are subject to risks and uncertainties, which could cause results to differ materially from those, projected. |
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