SoundWorks Entertainment, Inc. Announces Acquisition of Data Evolution Corporation.News Editors/Business Editors NEW ORLEANS--(BUSINESS WIRE)--April 12, 2004 Name and trading symbol Trading symbol See: Ticker symbol changes, reverse split effected as a result of transaction SoundWorks Entertainment, Inc. (Pink Sheets:SWKE) announced that on April 9, 2004 it completed the acquisition of Data Evolution Corporation. As a result of the acquisition, several changes have been effected, including a name change, a change of the trading symbol, a reverse stock split, and the appointment of new directors and officers. The Company, which is now known as Data Evolution Holdings, Inc., effected a 1- for-10 reverse split of its common stock. The record date for the reverse stock split is April 9, 2004 with the split being made effective at the opening of business on April 12, 2004. Following the reverse split, there will be approximately 26,582,246 shares issued and outstanding. At the opening of the stock markets on April 12, 2004, the Company's common stock will trade on the Pink Sheets under the symbol "DTEV." This release includes 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. made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the 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 that involve risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. , the effect of economic and business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated ob·li·gate tr.v. ob·li·gat·ed, ob·li·gat·ing, ob·li·gates 1. To bind, compel, or constrain by a social, legal, or moral tie. See Synonyms at force. 2. To cause to be grateful or indebted; oblige. to revise or update any forward-looking statements in order to reflect events or circumstances CIRCUMSTANCES, evidence. The particulars which accompany a fact. 2. The facts proved are either possible or impossible, ordinary and probable, or extraordinary and improbable, recent or ancient; they may have happened near us, or afar off; they are public or that may arise after the date of this release. About Data Evolution Holdings, Inc. Data Evolution Holdings, Inc., through its wholly-owned subsidiary, Data Evolution Corporation, develops proprietary computer software and manufactures computer hardware for mobile data capture solutions. The Company's software products and services, grouped under the trade name mCapture:PowerSys(TM), are specifically designed to help organizations capture and manipulate data efficiently and accurately. Our hardware products consist of the award-winning, convertible handheld personal computer, Clio(R), and other niche-oriented computer products. |
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