Diversified Product Inspections, Inc. To Launch Safety, Loss Prevention Program, HomeCheckSafety.com in September 2003.Business Editors OAK RIDGE Oak Ridge, city (1990 pop. 27,310), Anderson and Roane counties, E Tenn., on Black Oak Ridge and the Clinch River; founded by the U.S. government 1942, inc. as an independent city 1959. , Tenn.--(BUSINESS WIRE)--July 30, 2003 Diversified Product Inspections, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :DPRI DPRI Disaster Prevention Research Institute (Kyoto University, Japan) DPRI Defense Policy Review Initiative (Japanese Self Defense Force) DPRI Directives, Publications and Reports Index DPRI Discrete Pursuit Reward-Inaction ), a provider of independent product failure analysis, air contamination and fire investigations for the insurance industry announced today, that the company is in the final development stages of HomeCheckSafety.com, a safety and loss prevention program based on DPI's database of more than 380,000 failed and recalled products. Matt Walters, vice president of information technology said, "DPI (Dots Per Inch) The measurement of the resolution of display and printing systems. A typical CRT screen provides 96 dpi, which provides 9,216 dots per square inch (96x96). Flat panel displays from 110 to 200 dpi have also been developed. signed a development contract with Webservio and Business Information Group in June and we expect that HomeCheckSafety.com will be up and running by late September. This program will help homeowners identify recalled and unsafe products in their homes, thereby becoming an important loss prevention tool for the insurance industry. DPI's core business of providing forensic investigations on failed products, which our insurance industry clients use as a basis for subrogation The substitution of one person in the place of another with reference to a lawful claim, demand, or right, so that he or she who is substituted succeeds to the rights of the other in relation to the debt or claim, and its rights, remedies, or Securities. and recovery programs against manufacturers of faulty products Faulty Products was the holding company which includes the UK record labels of Miles Copeland (the elder brother of Stewart Copeland, drummer of The Police) Includes Illegal Records, Deptford Fun City Records and others. , is a major emphasis for insurance companies looking to cut costs. With DPI's new HomeCheckSafety.com program, insurance companies have another tool, loss prevention, to use to increase their profitability. With a cost of $60 annually per household and considering the millions of policy holders our insurance company clients have, a small percentage of participation could mean significant revenues for DPI. DPI will initiate a pilot program with its larger insurance company clients in the last quarter of 2003 and the first quarter of 2004. We will also begin a broader marketing program, "HomeCheckSafety.com, the Pentagon for Protection", which highlights the benefits to five segments of our economy, the insurance industry, individual homeowners, retail industry, fundraising organizations and manufacturers." About Diversified Product Inspections, Inc. (www.dpi-inc.com) Launched in 1991 and headquartered in Oak Ridge, Tenn., Diversified Product Inspections, Inc. provides expertise and unbiased, independent investigations on product failures, air contamination and fire investigations of all multi-billion dollar markets which directly impact three groups--the insurance industry, manufacturers and consumers. In addition, DPI has developed an array of comprehensive services for these three targeted groups, giving the company the ability to better inform consumers of defective products and recalls (http://www.homechecksafety.com), improve quality control processes with manufacturers and work with the insurance industry to recover funds via subrogation -- a process whereby the insurer enforces its right to recoup from any third party that caused the loss on behalf of the policyholder. This press release contains "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. " within the meaning of the Private Securities Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Act of 1995. The words "believe," "expect," "anticipate" and "project," and similar expressions identify forward-looking statements, which speak only as of the date the statement was made. Such statements may include, but not be limited to, projections of revenues, income or loss, expenses, plans, and assumptions relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the foregoing. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Future results could differ materially from those described in forward-looking statements. |
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