Precise Positioning Products, Inc. Acquired by Free DA Connection Services, Inc.SEATTLE -- Free DA Connection Services, Inc. (Free DA) announced today that it has acquired Precise Positioning Precise Positioning is a term used to describe techniques to obtain the location of an object to better than a few centimeters of accuracy. Historically precise positioning was associated with surveying and geodesy. Products, Inc. (Pink Sheets:PPPD PPPD Per Person Per Day (travel pricing/expenditures) PPPD Point-To-Point Protocol Daemon PpPD Pylorus Preserving Pancreaticoduodenectomy PPPD Plant Protection Products Directive PPPD Pilot Production Program Definition ). The name of Precise Positioning Products will be changed to Free DA Connection Services, Inc., and the company's trading symbol Trading symbol See: Ticker symbol will also be changed to reflect the new name. Pluris Opportunity Fund, L.P., an Orlando, Fla.-based investment partnership, provided financing and consulting services Noun 1. consulting service - service provided by a professional advisor (e.g., a lawyer or doctor or CPA etc.) service - work done by one person or group that benefits another; "budget separately for goods and services" to the parties involved in the transaction. Free DA (Directory Assistance) combines the immediate access to information by dialing 411, with the advertising power of printed Yellow Pages directories. Free DA's business strategy is based on the growth explosion of wireless telecommunications. As telephone-based 411-directory assistance has become more in demand, callers will require the free services (O.Eng. Law) such feudal services as were not unbecoming the character of a soldier or a freemen to perform; as, to serve under his lord in war, to pay a sum of money, etc. See also: Free that Free DA offers and therefore utilize the traditional printed directories less frequently. Businesses who have typically chosen the printed Yellow Pages as their preferred advertising medium will recognize the opportunity and value Free DA represents as an integral part of their directional In one direction. Contrast with omnidirectional. advertising spending. Callers to Free DA can obtain a variety of information regarding any business such as the phone number, address or fax number. Pursuant to the proposed merger, Robin Hutchison has become the Chairman of the company. The company has also elected other management and directors. PPPD announced that as part of the merger, all of the shares of its common stock presently issued and outstanding would be subject to a reverse-stock split resulting in one share issued and outstanding for every 380 shares prior to the stock split. Shareholders of Free DA will receive shares of the combined entities in exchange for their shares. About Free DA Free DA Connection Services, Inc., a Free 411 (DA) Directory Assistance consumer service, is a groundbreaking development in the telecommunications market in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . Free DA combines the immediate access to information by dialing 411 with the advertising power of printed Yellow Pages directories. This unique, patent-pending, speech-recognition-based interface has been developed by Via Vis Technologies Inc. Callers to Free DA can obtain a variety of information regarding any business such as the phone number, address or fax number. Free DA Connection Services, Inc. is headquartered at Suite 406, 500 Union St., Seattle, WA 98101. Robin Hutchison, Chairman, can be contacted at 604-818-4605. 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. Certain information and statements included in this release are intended to constitute "forward-looking statements" within the meaning of the Federal 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 forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied in such forward-looking statements. |
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