Design Marketing Concepts Changes Its Name to WEB Pay-Per-View Inc.Business Editors/High-Tech Writers SCOTTSDALE, Ariz.--(BUSINESS WIRE)--May 30, 2001 Design Marketing Concepts Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). : DSMC DSMC Direct Simulation Monte Carlo DSMC Defense Systems Management College DSMC Data and Safety Monitoring Committee DSMC Division-Support Medical Company DSMC Data Services Management Center (US NASA) ) Wednesday announced that it has amended its Articles of Incorporation The document that must be filed with an appropriate government agency, commonly the office of the Secretary of State, if the owners of a business want it to be given legal recognition as a corporation. in the state of Nevada and has changed its name from Design Marketing Concepts Inc. to WEB Pay-Per-View Inc. In addition, the company amended its Articles of Incorporation to increase the amount of authorized shares. The total number of shares, which the corporation is authorized to issue, is 100 million shares of common stock at $.001 par value per share, and 25 million shares of preferred stock at $.001 par value per share. "I am very proud to announce the name change," said Derreck Manteau man·teau n. pl. man·teaus or man·teaux A loose cloak or mantle. [French, from Old French mantel; see mantle.] , co-founder and chief executive officer of WEB Pay-Per-View Inc. "In addition, we have received a new CUSIP number and have requested a new trading symbol (WPPV) with the NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). ." Manteau continued, "These changes will allow us to better market our company and communicate with our investors and the investment community." About WEB Pay-Per-View Inc. WEB Pay-Per-View Inc. is a producer and distributor of video programming which intends to distribute video content via network, cable and satellite television and through broadband Internet networks on a retail pay-per-view basis. WEB Pay-Per-View will use existing technology gained through funding and marketing partnerships to achieve its goal of allowing subscribers to view the video programming of their choice in real time, any time they want, on their computer or television. "Safe-Harbor" Statement: Certain statements in this news release are intended to be "forward-looking" statements as 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 statements are subject to numerous risks and uncertainties. Actual results may vary significantly from the results expressed or implied in such statements. Factors that could cause actual results to differ materially from forward-looking statements include, but are not limited to, risks of technology or product obsolescence ob·so·les·cent adj. 1. Being in the process of passing out of use or usefulness; becoming obsolete. 2. Biology Gradually disappearing; imperfectly or only slightly developed. , competitive risks, reliance on development partners and the need for additional capital. The company cautions investors that its business and financial performance are subject to substantial risks and uncertainties |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion