FDN, INC Announces Subsidiary Name Change: FON Digital Network, Inc Changed to ClearPoint Communications.Business Editors/High Tech Writers ORLANDO, Fla.--(BUSINESS WIRE)--May 16, 2000 FDN FDN Foundation FDN Fully Distinguished Name FDN Fixed Dialing Number (telecommunications) FDN Florida Digital Network FDN Fuerza Democratica Nicaraguense (Nicaraguan Democratic Force) , Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: FDNI FDNI Flavor-Diagonal Neutrino Interactions ) an emerging provider of Voice over IP and long distance Telephony products and services announced today that it has changed the name of its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. FON Fon People of southern Benin and adjacent parts of Togo. They speak a dialect of Gbe, a Kwa language of the Niger-Congo language family. Numbering about 3 million, the Fon are mainly farmers. Digital Network, Inc. to "ClearPoint Communications, Inc." The name change became effective May 1, 2000. James Morrell, President of ClearPoint, said, "We were looking for a name that reflects the international reach of our Voice over IP, long distance and prepaid card services, and felt the ClearPoint name and logo were more harmonious to our industry." He continued, "Building brand awareness is very important for us as a company and our marketing approach will be to use variations of the ClearPoint name for each of our Long Distance and Telephony services. We will also seek shareholder approval to change the name of the parent corporation FDN, Inc to ClearPoint Communications at the annual shareholders meeting to be held later this year." FDN, Inc., http://www.fondigital.com/ , provides Voice over IP, long distance, Internet, and data services to resellers and small and medium-size businesses through a fiber-optic network. An interstate and international common carrier with headquarters in Orlando, FDNI, holds an FCC (1) (Federal Communications Commission, Washington, DC, www.fcc.gov) The U.S. government agency that regulates interstate and international communications including wire, cable, radio, TV and satellite. The FCC was created under the U.S. 214 license, and has been issued CIC CIC circulating immune complexes. CIC Circulating immune complexes. See Immune complexes. code 10-10-813, with regulatory approval to operate in all fifty states. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including without limitation, the future press releases of FDN, Inc FDNI has recently been profiled by TheStockAdvisor at http://www.thestockadvisor.com . For more information, send email to fdni@thestockadvisor.com. |
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