TriLucent Technologies Announces Forward Split.Business Editors SAN ANTONIO--(BUSINESS WIRE)--April 6, 2001 TriLucent Technologies Corp. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :TRLT TRLT The Road Less Traveled (Poem) ) announced today that it has forward split its common stock two-for-one, pursuant to approval of its board of directors. This will increase the total number of outstanding common shares to 27.6 million. The forward split will apply to shares owned of record at the close of business on March 15, 2001. The effective date for the split is today, April 6, 2001. A mandatory share exchange will be required to effect this forward split, therefore shareholders of the record date will be required to surrender their shares to the company's transfer agent for re-issuance. Shareholders are not required to surrender their stock certificates by any mandatory deadline in order to be entitled en·ti·tle tr.v. en·ti·tled, en·ti·tling, en·ti·tles 1. To give a name or title to. 2. To furnish with a right or claim to something: to the additional shares. The company was recently acquired by EditWorks Ltd. (OTCBB:EDWL EDWL Eula and David Wintermann Library (Eagle Lake, TX) ) and changed its name to TriLucent Technologies Corp. The company also changed its symbol from EDWL to TRLT. TriLucent has an exclusive, worldwide license to certain technologies that are believed to increase the chance of commercial success of exploratory drilling for oil and gas. Currently, the industry has an average success rate of about 20% when drilling for exploratory reserves, and TriLucent believes its technologies can facilitate an increase in this success rate to more than 50%. These technologies are expected to significantly reduce the risk associated with oil and gas exploration, will partially create great economic benefit for the company's shareholders. The company plans on changing its name to TriLucent Technologies Corp., or a substantially similar name as well as change its trading symbol Trading symbol See: Ticker symbol . For more information about TriLucent Technologies, visit www.trilucent-technologies.com. 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. Statement under 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: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipates" or similar expressions. Any statements with respect to the success rates of exploratory drilling for oil and gas utilizing TriLucent's technologies are based solely on the historical experience of TriLucent, and there are no assurances that these success rates can be obtained in every instance of exploratory drilling. Such 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. involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of TriLucent Technologies Corp. (the company) to differ materially from those expressed or implied by such forward-looking statements. (Such factors include, among others, the risk factors contained in the company's filings with the Securities and Exchange Commission.) In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. The company will remain dependent upon future financing for its growth and development, and for it to successfully implement its business plan. No statement contained herein should be construed as indicating that such financing is or will be available, and if available, will be on terms favorable fa·vor·a·ble adj. 1. Advantageous; helpful: favorable winds. 2. Encouraging; propitious: a favorable diagnosis. 3. to the company. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof here·of adv. Of this. hereof Adverb Formal or law of or concerning this Adv. 1. hereof - of or concerning this; "the twigs hereof are physic" . |
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