Symbiat Announces Agreement to Sell Legacy Hardware Product Line.Business Editors ATLANTA--(BUSINESS WIRE)--Feb. 10, 2003 Symbiat announced today its intention to sell a legacy hardware product line. Symbiat signed an agreement, which will divest the IntelliServer RAS (1) See network access server. (2) (Remote Access Service) A Windows NT/2000 Server feature that allows remote users access to the network from their Windows laptops or desktops via modem. See RRAS and network access server. 2000 technology, a remote access server solution. The decision to sell the RAS2000 product line was based upon the company's desire to focus its efforts solely on Symbiat's service and support offerings to the marketplace. "The RAS2000 has been the flagship of the connectivity products sold by Computone, now Symbiat, for sometime. The RAS2000 is a stable and proven solution for companies desiring serial connectivity as well as remote console A terminal or workstation in a remote location that is used to monitor and control a local computer. management. Symbiat has decided to concentrate its efforts in the services business and Altura has the set of skills and the desire to offer the RAS2000 product as a solution for the foreseeable future," said Jack Smith, president of Symbiat. The agreement calls for the sale of the RAS2000 product line and associated technology to Altura XL LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . The payment terms of the agreement will not be disclosed. Symbiat Symbiat Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: SYBA) is a provider of technology support and service. Expertise in hardware maintenance, helpdesk support, warranty repair and storage maintenance allows us to provide a custom support solution that meet unique and specific business requirements. Symbiat has been a leader in the IT industry since 1984. For further details visit www.symbiat.com. Altura XL Altura XL, LLC is the sole source of the Computone RAS2000 and will manufacture, sell and support the RAS2000 into the future. Altura XL provides intelligent servers for secure remote network management, secure E-commerce, and remote access communication. For additional information about Altura XL or the RAS2000 visit http://www.alturaxl.com/or e-mail info@alturaxl.com. This press release contains certain 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. The statements are 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. With the exception of historical information contained herein, the matters discussed in this press release involve a number of risks and uncertainties, many of which are beyond the control of the company. Actual results could differ materially from those expressed in any forward-looking statement. SYMA SYMA Symmetrix Agent disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. All trademarks are properties of their respective owners. |
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