Hundred Mile Plus Ltd Announces That Its Acquisition of 2Spot is Close to Completion.Business Editors BOCA RATON, Fla.--(BUSINESS WIRE)--April 3, 2003 Hundred Mile Plus Ltd, Inc. ("HDML HDML - Hand-Held Device Markup Language HDML - Handset Device Markup Language (Sprint PCS)") (Pink Sheets: HDML) announced today that it has signed a definitive agreement for the acquisition of 2Spot Ltd. and is in the final stages of closing such agreement. Pursuant to the agreement HDML shall acquire control of 2Spot Ltd. and the former management of HDML will be entirely replaced by the new management of 2Spot. About 2Spot 2Spot is developing innovative, reliable and easy to use products designed for use in the home that continuously monitor an infant's health. Theses products use a unique communication link to relay information on the infant's health to parents and caretakers not in the same room as the infant. This critical information gives an early indication of changes in a baby's condition which might need medical attention and also possibly prevent sudden infant death syndrome sudden infant death syndrome (SIDS) or crib death, sudden, unexpected, and unexplained death of an apparently healthy infant under one year of age (usually between two weeks and eight months old). SIDS accounts for 10% of infant deaths and is the second highest cause of death (after accidents) in infancy. (SIDS SIDS - Screening Information Data Sets SIDS - Secondary Imagery Dissemination System SIDS - Secure Intrusion Detection System (Cisco) SIDS - Sensor Integration & Display System SIDS - Sensor Interface Data System SIDS - Ship's Installation Drawings SIDS - SHRIKE Improved Display System SIDS - Side Impact Detection System (automobiles) SIDS - Small Island Developing States (sometimes seen as SIDs) SIDS - Software Integrity Diagnosis System) that strikes thousands of babies a year in the United States alone. 2Spot has already filed a patent for its unique product that aims to offer a more complete and reliable solution than any other product currently available. The Company's goal is to become the leader in this important market for infant health-monitoring products for use in the home or nursery. Safe Harbor Statement This press release contains forward-looking statements that involve risks and uncertainties. HDML's actual results could differ materially from those discussed in such forward-looking statements based on a variety of factors. |
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