TechnoConcepts Completes Merger into Technology Consulting Partners.Business Editors/High-Tech Writers THOUSAND OAKS Thousand Oaks, residential city (1990 pop. 104,352), Ventura co., S Calif., in a farm area; inc. 1964. Avocados, citrus, vegetables, strawberries, and nursery products are grown. , Calif.--(BUSINESS WIRE)--Feb. 19, 2004 TechnoConcepts, Inc., the developers of a revolutionary True Software Radio (TSR (Terminate and Stay Resident) Refers to a program that remains in memory when the user exits it in order that it be immediately available at the press of a hotkey. ) technology for wireless communication that allows different wireless protocols to communicate with each other, announced that it has completed its merger into Technology Consulting Partners, Inc. of Highland Ranch, Colorado. The new company, which will continue to trade on the OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. with the symbol TCPT TCPT Thrombocytopenia, Paris-Trousseau Type , will be renamed TechnoConcepts, Inc. and all previous board members and management have resigned. The reverse merger resulted in Technology Consulting Partners, Inc., in exchange for 100 percent of the share capital of TechnoConcepts, to issue to TechnoConcepts shareholders six million common shares and an additional $16 million preferred shares Preferred shares Preferred shares give investors a fixed dividend from the company's earnings and entitle them to be paid before common shareholders. See: Preferred stock. that will convert based upon reaching certain performance criteria. About TechnoConcepts, Inc. TechnoConcepts, Inc., a Nevada Corporation A Nevada Corporation is a corporation chartered under the laws of the U.S. state of Nevada. Nevada, like the state of Delaware (See Delaware corporation), is well known as a corporate haven. , has developed a technology that enables competing wireless standards to understand each other by incorporating a transmitter/receiver (transceiver) based on a computer chip with TechnoConcepts' revolutionary True Software Radio (TSR) technology with the antennae of wireless devices. With this technology, cell phone users can enjoy seamless roaming anywhere in the world - police and fire departments can talk to each other regardless of their radio systems - and military forces from various countries can communicate with each other directly. TSR is a cost-effective technology that can allow for direct device-to-device communication. The company is working with a number of major wireless communications companies for the use of its technology in military, consumer and industrial applications. |
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