NEW YORK, NY -- (MARKET WIRE) -- 02/09/11 -- AmeriStarNetwork, Inc.(PINKSHEETS: AMWK), quoted on OTC Markets (Pink) (see www.otcmarkets.com) under the symbol AMWK.PK, announced today that it has received certifications from the Delaware Secretary of State consummating the merger with SecurDigital, Inc. and the 1 for 2 reverse stock split; the effective date of both corporate actions is February 15, 2011. The Company has filed these State certifications with FINRA and believes it has met the filing requirements of that regulatory body.
Secur Digital, Inc., a private company, has developed proprietary technology to protect corporations, governments and even individuals from hacking and espionage that is a major advance in the delivery of secure and interoperable wireless communications. Eliminating the exposure of wireless communication to scanners or hackers, its SecurVoice™ technology is delivered to subscribers over the Internet using the Software-as-a-Service ("SaaS") model.
SecurVoice™ is the world's first totally secure, wireless, digital communications "software only" solution for security and interoperability over wireless and VoIP communications and works across multiple carriers, operating systems and hardware, performing "wireless interoperability" for WiMAX and WiFi products globally.
The headquarters of the merged enterprise will be moved to New York City, with branch offices located in Washington, D.C., Connecticut and Utah. The merged company intends to change its name to SecurDigital, Inc. and to apply for a new trading symbol after the effective date of the merger.
Statements in this press release may be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "optimizing," "potential," "anticipate," "goal," "intend" and similar expressions, as they relate to the company or its management, identify forward-looking statements. These statements are based on current expectations, estimates and projections about the company's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Actual outcomes and results may, and probably will, differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including those described above and those risks discussed from time to time in Company filings with the Securities and Exchange Commission. These statements and other forward-looking statements are not guarantees of future performance and involve risks and uncertainties. AmeriStarNetwork, Inc. assumes no responsibility to update any of the forward-looking statements in this news release. Neither the Company nor any other person assumes responsibility for the accuracy or completeness of these forward-looking statements.
Nothing in this press release should be construed as either an offer to sell or a solicitation of an offer to buy or sell shares of Ameri Star Network, Inc. in any jurisdiction.
Contact:
O. Russell Crandall
Chairman AmeriStar
Email: Email Contact
Phone (435) 229 - 1955
URL: www.ameristarnetwork.comSource: AmeriStar Network, Inc.
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