IAT Resources Corporation To Change Name To NetCurrents, Inc.LOS ANGELES--(BUSINESS WIRE)--Nov. 17, 1999-- IAT IAT Intelligent Agent Technology IAT International Conference on Intelligent Agent Technology (Joint IEEE, WIC, and ACM conference) IAT Implicit Association Test IAT Intake Air Temperature IAT Import Address Table Resources Corporation (Nasdaq:IATR IATR Ice Age National Scenic Trail (US National Park Service) IATR International Association of Transportation Regulators IATR Is Amended To Read IATR Iowa Traction Railroad Co. ) today announced that in light of its proposed merger with Infolocity, Inc., which is currently pending IATR shareholder approval, the Board of Directors has proposed that the name of the Company be changed to NetCurrents, Inc. to more closely reflect the new focus on Internet-related technologies and services. In addition, the Board has proposed that the Company's trading symbol Trading symbol See: Ticker symbol be changed to "NTCS." The proposed new name and symbol will be put to a vote of the Company's shareholders at the upcoming stockholder meeting scheduled for December 16, 1999. About IAT Resources, Inc. Upon shareholder approval and satisfaction of the other conditions to closing, IAT Resources Corporation will merge with privately-held Infolocity, Inc., a Silicon Valley-based Internet company whose primary service is InvestorFacts, a unique business-to-business Internet service using Infolocity's proprietary search engine FIRST (Fast Internet Real-Time Search Technology), which scans 50,000 web sites, e-publications and Internet locations in seconds for fraudulent The description of a willful act commenced with the Specific Intent to deceive or cheat, in order to cause some financial detriment to another and to engender personal financial gain. , erroneous erroneous adj. 1) in error, wrong. 2) not according to established law, particularly in a legal decision or court ruling. or misinformation mis·in·form tr.v. mis·in·formed, mis·in·form·ing, mis·in·forms To provide with incorrect information. mis which might affect the price/market value of a company's securities. The Company is also engaged in the development of other Internet services dedicated to serving consumers and businesses on a global basis. This news 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 Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve risks and uncertainties. A number of factors could cause actual results to differ from those indicated in the forward-looking statements, including the failure of IATR's stockholders to approve the merger, the satisfaction of all conditions to closing the transaction with Infolocity, general economic conditions and other risks that are discussed in the Company's filings with the Securities and Exchange Commission (including the Company's Annual Report on Form 10-KSB). The Company undertakes no obligation to publicly update or revise the forward-looking statements whether as a result of new information, future events or otherwise. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion