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Ok Spec.
Seems we have a reverse split here as with our frieds over at Palr, and with ARS I'm down 150% with it (I won't have the new shares till Tuesay so these are my calcs for today) any ideas???
New 10 KSB on file!
http://knobias.10kwizard.com/filing.php?repo=tenk&ipage=2761789&doc=1&total=&back=1&...
interesting!!
Spec ;o))
sirfelix, I've decided to move on too and sold my ARSW at 1 penny.
I have decide to move-on regarding ARSW and have passed the board onto jmhollen. Goodluck all.
SirFelix
Welcome to Ihub PieSky,
The chart is from Bigcharts and continually updates where as the date of the post doesn't and is fixed!
Quick question, Ruellit.
I'm new to I-HUB and therefore may be missing the obvious.
How is it that the date-stamp on your post says 7-11-03,
yet the chart at the bottom has a date of 10-21-03?
I'm writing this on 10-22-03.
Wouldn't you think the post's date should reflect the chart's?
Just curious.
Happy trading....
campe.. agreed! It also may be a waste of ARSW (shareholder) $$
For all that early morning advertising, it sure isn't working too good... (g) Big wall at .012!
SirFelix... I called the CEO of SUBWAY.com and he admitted that these types of PRs are sent out because companies such as ARSW PAY $$$ to SUBWAY to send them out. The CEO stated that there is NO other criteria (other than him being paid) that is required to be listed on their Morning Stock Focus list. It is pure advertisment (in my opinion misleading advertisement) and ARSW is spending $$ to advertise.
TheSUBWAY.com Announces Its Morning Stock Focus List for Tuesday, September 23, 2003: HYRF, PRTN, ARSW, STUOF, PCLN
Tuesday September 23, 9:04 AM EDT
WESTON, Fla., Sept. 23, 2003 (PRIMEZONE) -- TheSUBWAY.com announces HydroFlo Inc. (HYRF) to its Stock Focus List. HYRF is new to TheSUBWAY.com, and we expect great things from this stock! Watch this company; it just announced great news, and we think it is due to make a move in the near term! Other stocks highlighted include:
Proton Energy Systems Inc. (PRTN): Market Perform,
ARS Networks Inc. (ARSW): Market Perform,
San Telmo Energy Ltd. (STUOF): Market Perform,
Priceline.com Inc. (PCLN): Market Underperform.
WHAT THESE RATINGS MEAN:
TheSUBWAY.com ranks stocks from time to time utilizing both fundamental and technical analysis in comparison to the S&P 500 over the short term. These ratings reflect the opinion of Capital Research Group, Inc.
where did all the love go? Any insight on this stock?
Over the money? Can you elaborate?
Some people are real low slime out there. It tanked over the money.
I'm new to ARSW. Can anyone in a simple nutshell sum up why this stock's PPS tanked over the past 12 months? What event(s) did this? I did notice that it's goodwill was reduced from 329M to zero on the financials (among other things).
TheSUBWAY.com Posts Stock Watch List: Dow Holds Respectable Gains!
Wednesday July 23, 7:35 AM EDT
NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Peter Antipatis of Capital Research Group Inc., a Member of the National Association of Securities Dealers, CRD Number 2955420.
TheSUBWAY.com names Amnis Systems Inc. (AMNM) to its Stock Watch List! AMNM is new to TheSUBWAY.com, and we expect great things from this stock! Watch this company; it just announced great news, and could be a huge gainer in the short term!
Sun Microsystems Inc. (SUNW): Market Perform, up 5% on 64 million shares,
Crown Castle International (CCI): Market Underperform, up 3% on 12 million shares,
ARS Networks Inc. (ARSW): Market Perform, down 20% on 9 million shares.
"Stocks looked ready to recover their recent glory on Wednesday, with both the Dow and the Nasdaq posting some very respectable gains throughout the day, and through to the close. The more traditional blue chip arena hoisted the Dow Jones industrial average by a hefty 61 points points, to 9,158.84, now again with a cushion above the 9,000 mark," stated Peter Antipatis. More is available at: www.thesubway.com/sub_comm.asp.
All material herein was prepared by Capital Research Group, Inc. (CRG) based upon information believed to be reliable. The information contained herein is not guaranteed by CRG to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. CRG is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on www.thesubway.com or mentioned herein. CRG has been compensated by third party shareholders or with cash from the company on behalf of one or more of the companies mentioned in this opinion. (crg has received six thousand dollars for amnm) CRG intends to sell its shares. CRG has sold approximately zero shares to date. CRG may sell its shares for less than the target price given in this opinion. CRG's affiliates, officers, directors and employees may also have bought or may buy the shares discussed in this opinion and may profit in the event those shares rise in value. Market commentary provided by Peter Antipatis, CRD number 2955420. CRG will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market.
Contact: Charles T. Tamburello
Company: Capital Research Group Inc.
Voice: 954-217-9555
Hey mmayr,I believe this stock will do very well short term if we get some news which is way overdue. Very unusual selling pressure today, seemed like someone was willing to dump in the .02 range. May have to wait a little longer for a rise since maybe these are new shares being dumped. Not sure, thought the s-8 was definitely over but who really knows anyway. Alot of potential here, if the company could just produce some solid pr on their unique products we would see a nice rise in the share price. Good Luck
Still a little time. . .but could be a banner pick if all goes well. . .
http://stockcharts.com/def/servlet/SC.web?c=arsw,uu[h,a]dalayiay[db][pc10!c28!f][vc60][iut!Ub14!La12...
Hey firefight. . .
Time to do a little DD on this one. :) Looks good for a short-term play. Will check it out!
Also interesting, this was a response of mine to a poster on the NIZ board....
it says they increased the A/S to
500,000,000. So you are correct, they could dilute this thing if they want to. They had 125,000,000 shares o/s and did an r/s to get to 2,500,000. Thats not massive dilution. It seems to me that they have been making some pretty good acquisitions. All of their products which are the fire door retrofit kit, filters, CROSSLOGIX and now the ATMS are quite unique and would face little competition in my opinion.
Just to explain this latest product ATMS, THIS IS FROM THE PR DATED MAY 28TH 2003....
ARS's procurement of this new technology will establish an unparalleled opportunity for ARS to expand on the Automated Transportation Management System (ATMS) technology existing unit sales and reoccurring revenues. This innovative technology is new to the market and already has major customers lining up to subscribe.
Sydney Harland, President and Chief Executive Officer of ARS, stated, " The Timing could not be better to embark on this new technology. ARS is excited to offer an affordable wireless technology solution for tracking freight trailer movements along America's highways and railways. The Integration of our new ATMS technology with our Crosslogix technology will move the Company forward to the completion of Crosslogix. We are confident that ARS will achieve substantial revenue for the company and its investors with our acquisition."
ARS's ATMS technology operates on the NBPCS Two-Way paging network using proprietary protocols and algorithms to achieve up to 90% compression of transmitted data, the device maintains the lowest wireless cost possible while delivering near real time data transmission performance. Trimble the leading innovator of Global Positioning System (GPS) provides GPS functionality to the system with the latest OEM integration available. www.arsnetworks.com
ARSW o/s and float. Take a look. Any thoughts?
so ARSW had 125,000,000 shares out before the split and 80 mil of those shares were owned by insiders. After the R/S, there were 2.5 mil. shares.
Now we know that as of june they had 17 mil shares outstanding and the float was only 5.5 mil.
Here is where it gets confusing,
at the end of june they filed an s-8 for 20 mil shares, however I don't believe that all of these 20 mil were sold as we may have thought! 18 mil of those s-8 shares were for the employee compensation plan so its unclear of the status of those shares. The other 2 mil were for consultants and others and were probably sold into the market. So if my calculations are correct, the float is probably around 8 MIL SHARES. Please verify these numbers for yourself. So basically we have a company with 4 innovative products and a very low float and no history of massive dilution. Any thoughts.
ARSW, TOP 10 reasons why you should get in on this stock!
1)S-8 is done
2)all the heavy hitters are in on this, the DREAMTEAM which includes eztradin, DREAM2000, rigatoni! and at least 10 others said they bought in and said so on the NIZ board today! Check todays post and you will see the interest in ARSW is growing!
3)LOW FLOAT!
from the latest filing,
Indicate the number of shares outstanding of each of the issuer's class of common stock. The Registrant had 17,715,006 shares of its common stock outstanding as of June 13, 2003. According to yahoo, 5.5 mil of these 17.7 mil are in the float. Now, the latest S-8 was for 20 mil,
18 mil of that was for the employee stock incentive plan and the other 2 mil was for consultants etc... so what is the actual float, it could be anywhere from 7.7 mil to 27 mil., but we must remember that these 20 mil were at a PROPOSED OFFERING PRICE of .10 per share!
Here are the latest acquisitions....
4)On March 28, 2003, the Company entered into a Letter of Intent with Alexander and Wade Inc to acquire 100% of its wholly owned subsidiary, Majestic Refilter, Ltd. ("Majestic Refilter") On April 8, 2003, the Board of ARS approved the transaction under which ARS issued 2 million shares of its restricted common stock for the acquisition. The purchase of Majestic Refilter closed on April 22, 2003. More detailed discussion of this product and its benefits to ARS are noted below.
5) On April 25, 2003, ARS acquired all of the outstanding common shares of HMM Capital Holdings Inc. ("HMM") and with this transaction also acquired the license to distribute the ARS Fire Safety Tec fire retardant doors. The fire doors are approved by United Laboratories in the United States and Canada. The retrofit fire doors are protected by patent in the US. The doors meet the current safety legislation guidelines imposed in the US and Canada and have been sold in North America for the past several years.
6)FST's marketing objectives and strategies are an essential component from the time of launch in order to effectively position the product's competitive benefits and establish awareness. Market evaluation, the first stage of the market strategy, has been completed during the last three years of test marketing and manufacturing the product in Canada. The Company has successfully sold over 70,000 units, mostly in Toronto Canada; notwithstanding, there is an increasing demand for the product in the US. Security, safety, cost savings, efficiencies and the adoption of NFPA-101 Life Safety Code-2000 by 33 of the 50 states as of July 1, 2002 has presented an unprecedented opportunity for FST. FST is confident it will be the supplier of choice and first to address property owners needs and carry price points that will generate attractive returns for investors in FST.
7)Sydney Harland, President and CEO of ARS Networks, stated, "Now that we have completed the reorganization of ARS, management is prepared to take on the task of building a national sales network to launch Fire Safety Tec's code compliant technology. We have set what we believe are achievable sales goals for the balance of this year (25,000 units) and are certain to benefit from Mr. Kasak's many years of experience and success to help us achieve this objective. We will use his considerable talents, as well as the talents of others, as we establish our ARS team moving forward into Q2 2003 and beyond."
ARS / FST innovative door kit allows property owners an affordable and approved technology to convert existing doors into fire rated doors for an installed price of $220, a savings of 80% over the alternative, $1100 door replacement. FST offers full Code compliance and in addition eliminates the need to dispose of old doors thus providing a significant environmental benefit and further disposal cost savings. http://www.arsnetworks.com
Given the above, the Company has refocused its business strategy for 2003 and beyond. The fire doors are expected to bring revenue to the Company immediately and the Company will also focus on the continued development of Crosslogix and the Refilter product. However, it must be noted that the customer acceptance of these products is not assured.
***********************************************************SO 25,000 units multiplied by $220=~$5 million dollars!!!!!
8)Now ARSW also has a product called Crosslogix for railroad crossings, if you look at the following link you will see that Canadian railways will be upgading 92 railway crossings and this may open up an opportunity for ARSW since they have a previous relationship. Please read it and you will understand what I'm saying.
http://www.investorshub.com/boards/read_msg.asp?message_id=1224073
9)ARS Networks, Incorporated Signs Letter of Intent to Acquire New Automated Transportation Management System -ATMS-
Wednesday May 28, 9:58 am ET
NEW YORK--(BUSINESS WIRE)--May 28, 2003--ARS Networks, Incorporated a company dedicated to new safety technology today announced that it has signed a letter of intent with MISCG Ltd. and Bell Tracy, Ltd. to acquire the exclusive rights to their state of the art technology. ARS Networks, Incorporated trades on the OTCBB under the symbol (ARSW).
ARS's procurement of this new technology will establish an unparalleled opportunity for ARS to expand on the Automated Transportation Management System (ATMS) technology existing unit sales and reoccurring revenues. This innovative technology is new to the market and already has major customers lining up to subscribe.
Sydney Harland, President and Chief Executive Officer of ARS, stated, " The Timing could not be better to embark on this new technology. ARS is excited to offer an affordable wireless technology solution for tracking freight trailer movements along America's highways and railways. The Integration of our new ATMS technology with our Crosslogix technology will move the Company forward to the completion of Crosslogix. We are confident that ARS will achieve substantial revenue for the company and its investors with our acquisition."
10)$$$$$$$$$$ Good Luck, we have not had news from the company since the end of may, we are due for news soon! either news on revenue/orders for the fire doors or an update on the ATMS deal! IMO OF COURSE!
Good morning, lets hope for a good day, low float and s-8 done, plus thanks to this board some possible news with Canadian railways. Its been awhile since news has come out, we are due for some news soon. It would be great to hear about the status of their fire door product since it was to create immediate revenues.
No Problem. Feel Free to do so.
kxthyag,
Would you mind if I posted your information on a couple of other boards?
(Example) ARSW DD Post:
DD, DD, DD, DD, DD, yadda yadda yadda........................
DD, DD, DD, DD, DD, yadda yadda yadda........................
All of the info previously in the iBox is readily available from the company website and the stock quoute link, or from Knobias which is shown in the bottom right corner.
If you want to assemble a whole bunch of DD in a big post (..that can be cut-pasted and updated to a news post now and then..) we can link the DD post into the iBox.
This will keep the iBox small enough to see the latest several posts - without people having to close it.
John
kxthyag,
This looks like very good news for ARSW, nice find! Looks good for ARSW!
Could ARSW have a share in the new Canadian Railways(CN) Funding to improve safety at 92 level crossings ?
Could this be a reason for sudden increase in volume other than S-8. The accumulation per you chart coincides with the date of below news.
June 25: Federal Transport Minister David Collenette announced specific funding to improve safety at 92 level crossings, as part of an ongoing federal program. "I am pleased that the railways, municipalities and provinces are working with Transport Canada and contributing to these projects," said the minister. "We all have a role to play in safety. Motorists and pedestrians must use caution at all times, even though crossings may be equipped with warning devices." The crossings are in BC (7), Alberta (5), Saskatchewan (11), Manitoba (7), Ontario (25), Quebec (35), and Nova Scotia (2).
http://www.trainscan.com/news/scan/s0307/index.html
ARSW already had past contracts with CN
Here are some links for further DD
CANADA
ARS Networks' Crosslogix System Cited by Canadian National Safety and Regulatory Affairs Official
Official Predicts "Countless Installations" Likely in North America
ARS Networks Inc. whose first product is a state-of-the-art advance warning system for railway crossings, today announced that its flagship product, Crosslogix(tm), has been cited by CN Rail's Assistant Vice President of Safety and Regulatory Affairs for its advanced technology and wide-ranging applications.
In a letter to ARS Networks, Assistant Vice President Achille Ferrusi stated, ``The technology and logistics of your system have no comparison in the industry today. The potential uses in the North American railway industry as a whole can be predicted to include countless installations.'
Ferrusi continued, ``The ease with which the installations can be set up, along with the speed, makes the ARS advance warning system for railway crossings an attractive prospect for future crossing and communications needs. It is indeed exciting to experience the advantages afforded by the significant design and development breakthroughs your product represents.'
Sydney Harland, chairman and chief executive officer of ARS Networks, stated, ``We are excited by the feedback we've received from Mr. Ferrusi. His support and willingness to accept our technology validates the effort we've put into research and development of our system. CN is one of North America's largest railways........................
http://danger-ahead.railfan.net/reports/rep2000/canada_crosslogix_pr20000525.html
ARS Networks announces Crosslogix testing on Canadian Pacific Rail
nears completion: ARS Networks Inc. announces that by the end of
December 2000 field tests will be complete on Crosslogix,
a state-of-the-art advance warning system for railway crossings.
Crosslogix is the company's patent-pending flagship product.
The warning system has been undergoing tests the last 2 years and was
installed on a main line track in mid-September.
http://www.irail.com/12-05-2000.asp
ARS Networks, Inc in Good Books, and have detailed financial information.
--------------------------------------------------------------------------------
Available Information for ARS Networks, Inc. Most Recent Financial Statement: 4/30/2003
Quarterly Financial Statements: Yes
Analysis of Competitors: Yes
Relevant News Stories: Yes
SEC Filings: Yes
Number of Employees: Yes
Altman Z' Score: Yes
FRISK Score: Yes
Management Information: Yes
Industry Classifications: Yes
Primary SIC Code: 3743
Fiscal Year End: March
Most Recent Audit: 1/31/2003
Auditor: Russell Bedford Stefanou Mirchandani LLP
Audit Opinion: Yes
Federal Tax Id: Yes
Ticker Symbol: Yes
Stock Exchange: Yes
Phone Number: Yes
Fax Number: Yes
Email Address: Yes
Web Site Address: Yes
Street Address: 100 Walnut Street
City: Champlain
State/Province: NY
Postal Code: 12919
Country: United States
http://www.crmz.com/Preview.asp?BusinessId=7194&TargetPage=/Report/Snapshot.asp?BusinessId=7194
The "DD" info should go into a continuously updated DD Post, the iBox will then remain the same.
Please see the beginning example. Every so often you cut-paste the old DD post info to a new DD Post, and either you or I can change the new post number in the iBox: #msg-nnnnnn.
All that needs to be change is the nnnnnn, the #msg- part always stays the same.
John
ASRW DD POST:
To be developed and updated.............
Please contribute.
After we get more info in the ibox I would like some help getting more posters here from the RagingBull board. RB still has not fixed the board title and I'm sure the posters there would love the ibox.
http://ragingbull.lycos.com/mboard/boards.cgi?board=ARSW
SirFelix, the OS and Float info in that post is faulty, the total number of shares should be 35M not 56M.
jmhollen, you are now an assistant.
Please review the info that Ruellit posted right before you did. Maybe some of that will be beneficial to the ibox.
Thx
SF
ARSW - DD & Chart
Business Summary
ARS Networks, Inc. is a wireless communications technology Co. that designs, develops & commercializes safe, cost-effective systems for the railway industry using patented, remote sensing equipment. For the 3 months ended 4/30/03, revenues totaled $30K, up from $0. Net loss from cont. ops. fell 88% to $218K. Results reflect sales related to a license agreement to sell the ARS Automated Railway Crossing in China, and lower SG&A expenses.
http://www.dbc.com/cgi-bin/htx.exe/squote?SOURCE=blq/ask&Ticker=ARSW&format=fraction&tab....
Shares Outstanding: 36,417,828 as of 2002-12-16
An S8 was filed on 6-26-03 for 20M shares, bring the total number of shares to 56,417,828.
http://www.pinksheets.com/quote/company_profile.jsp?symbol=ARSW
Tight bollinger bands, nuetral but still slightly oversold stochastics, strong OBV!!
This isn't done yet, going higher!
"HOW LOW CAN WE GO........"
Just a crazy guess, but I believe we can go all the way down to zero.
I had big hopes for this stock back in the days when it was still a company and we actually had a product in the making, but hopes are gone just like the company.
Will just plan on using this as a tax write-off next January. Right now, I am moving on.
Sir Felix, and KP, rags, et.el., it was enjoyable reading your posts.
And KP, thanks for sharing all of your excellent DD with all of us. You certainly worked hard at it.
Luck to all of you. Maybe I will run into you on other message boards somewhere.
Wish I could say this has been fun but...Could have been alot more fun had we all made some money here. (shrug) that's the way it goes sometimes.
Best of luck to all of you.
Danny
HOW LOW CAN WE GO........
Maybe another reverse split is in order?
OT- KP, I will tend to follow the moderator tactics that Greg has used on the VTSI board. I'll try and inform the group of news and keep the riff-raff to a minimum. Moderating and moderator come from the word "moderate", meaning "tending toward the mean or avoiding extremes of behavior or expression". But you know me well enough that I will give it my all when needed....LOL
As you may have missed in my posts at RB, I left there because RB's customer service was virtually null.
I could care less about the pumpers and bashers. If they get bad enough then we can just "ignore" them.
I think there is a large difference between pumpers/bashers and what you and I debate about. We question each other's opinions and interpretations of facts whereas posts like stevequeennv's do warrant questioning of his motives, but loosing sleep over it is not my idea of productive discussion.
"so I could only suspect you were encouraging that poster by your silence"
I posted a few facts on VTSI, but was not in the mood to debate today with anyone, so I won't read any insults from your fallacious quote above.
Let's just agree to move on. I hope you stay on this board cause I need your help keeping everyone (including me...LOL) in line.
Thx
David
OT~David.... that is a reasonable request...
Can you give me a break, please. First, I don't live here. The message was just posted this morning for God's sake! Besides, it's not my "job" as moderator to stop pumping or bashing as long as the post contains some substance
...I must have misunderstood your intentions of starting this board... felt it was to be a notch up on RB
You define your "job" in so far as you can dictate the tone of the board and it sure the H isn't my job (solely) to keep your board "straight" lol
Look, if you hadn't been posting on another IHub board today, I could accept the fact then that you "don't live here" (on IHub) BUT... knowing you have this board "marked" you certainly would have seen that post and made your feeling known earlier re: the lack of substance (IMO) ....so I could only suspect you were encouraging that poster by your silence.
I also would like to know what "deal" is in the works. I would assume that stevequeennv is referring to the "Intent to Acquire New Automated Transportation Management System", but it would be nice if he/she would be more specific. If a deal was signed then a PR would be released.
KP, I think that you need to give investors more credit regarding their interpretations of stevequeennv's posts. Take them with a grain of salt, just like I would a member posting such crap as "This is a POS....yada...yada...yada", also a post that typically lacks a source.
David, maybe you are right, and giving more credit would be easy if the tone of the board were consistent. It is obvious in your comments above you know what I mean. When a poster says "revenue" and implies it is not future hope but present as in existing, then, unless you are not familiar with the company itself, IMO you should have posted a similar post to the one I posted. That is what *keeps* (IMO) IHub a cut above the rest.
Good luck to your board. I know moderating these are not as easy as some would think but you seem to be saying it is harder than it is <g>
best!
kp
KP,
Can you give me a break, please.
First, I don't live here. The message was just posted this morning for God's sake! Besides, it's not my "job" as moderator to stop pumping or bashing as long as the post contains some substance. stevequeennv did not violate the TOS so I can't erase his/her message, but he/she does deserve a lashing for not posting his/her source. Besides, I thought it was your job to balance out the hypsters. LOL
I also would like to know what "deal" is in the works. I would assume that stevequeennv is referring to the "Intent to Acquire New Automated Transportation Management System", but it would be nice if he/she would be more specific. If a deal was signed then a PR would be released.
KP, I think that you need to give investors more credit regarding their interpretations of stevequeennv's posts. Take them with a grain of salt, just like I would a member posting such crap as "This is a POS....yada...yada...yada", also a post that typically lacks a source.
stevequeennv~revenues?????????
latest deal, brings revenue to ARS and a proven technology that is superior to its competitors
show me the money... please!
What revenues?
kp
PS SirFelix... I sort of expected you to be trying to keep this board a notch above RB... I guess that would be too much to ask when posts like his go unchallenged by the board moderator?
this latest deal, brings revenue to ARS and a proven technology that is superior to its competitors. you can get more information about the system at www.misa.com SAMI and Firefly.
Danny50, that quote came from today's press release.
Syd wrote: "The Integration of our new ATMS technology with our Crosslogix technology will move the Company forward to the completion of Crosslogix. We are confident that ARS will achieve substantial revenue for the company and its investors with our acquisition.""
Their website also talks about continuing the Crosslogix technology going.
Ask Syd yourself:
ARS Networks Inc.
Syd Harland
Chairman / CEO
(518) 298-2042
sharland@arsnetworks.com
David~truly I hope you are right, and no offense taken with no offense is offered <g>
"...Syd might prove you wrong and no offense, but I hope he does, for my pocket book's sake."
I understand, being underwater here as well but personally, I wouldn't touch this one with a ten foot pole until the forward looking statements have substance (money, contracts and working systems in play etc.)
I would venture to guess than I am probably the oldest follower of the company and to say I have seen this all before would be an understatement... and THEN some...
If you will bear with me and follow the exercise of looking at their PR (stories stories and more stories IMO) let's see what is really up...
1) Signs Letter of Intent to Acquire New Automated Transportation Management System -ATMS-
"intent", not a done deal ...as the acquirer of this "new" system, how do they pay? Certainly not with cash! Back to issuing shares I would guess. Now if a viable system, was ARSW the only interested party and if not, why go with a proven (IMO) lame company struggling for their very existence? If the technology were so good there would have chosen another acquirer, no?
2) a letter of intent with MISCG Ltd. and Bell Tracy, Ltd. to acquire the exclusive rights to their state of the art technology
then we read further to find acquired = exclusive rights... what that means, territories involved etc. are all unknowns and IMO not worthy of pursuing at this stage as intent is intent ... see #1 above, not a done deal!
Has anyone, David, perhaps yourself? tried to find info on MISCG Ltd. and Bell Tracy, Ltd.? Again, nothing I would pursue at this early stage, but how did the business titans (<jk>) find each other? hmmmmm?
3)ARS's procurement of this new technology will establish an unparalleled opportunity for ARS to expand on the Automated Transportation Management System (ATMS) technology existing unit sales and reoccurring revenues. This innovative technology is new to the market and already has major customers lining up to subscribe
Pa-Leze... give me a break! ...perhaps IF procured but (see #1 intend = not a done deal) but even that qualifier pushes the extremes of "Forward-looking statements" IMO... I mean, an unparalleled opportunity for ARS to expand on the Automated Transportation Management System (ATMS) technology existing unit sales and reoccurring revenues. This innovative technology is new to the market and already has major customers lining up to subscribe" ...unparalleled opportunity? to expand on the Automated Transportation Management System (ATMS) technology existing?? <<which didn't produce a dime of revenue lol and ...doesn't this business plan "sound" similar to the pasts apparent failed business model? and finally, major customers? lining up to subscribe??? sorry, but anyone can say anything and in this case it appears they have a very creative PR department producing these "Forward-looking statements"
They have in truth, if you pick this apart, said nothing. And THAT is only the first paragraph (groan!)
4) The Timing could not be better to embark on this new technology
I am going to stop here, I feel this is a waste of time as seeing the above, I fear they are really saying the previous products have yet to produce revenue so why not toss another hat into the ring and "hope" something pans out <g>
really, Timing could not be better? I guess they didn't already have their hands full making so much money (revenue) hand over fist (lol)
Any investor is able to read this for what it is worth... so let the pump begin and the story run its course. SHOW ME THE MONEY but stop already with these fluff pieces of "Forward-looking statements"
---------------------
Now it appears Syd has been busy diluting (IMO what's new lol)
8k April 24, 2003
http://www.gonow.com/filing.php?repo=tenk&ipage=2123614&doc=1&total=&back=2&g=&a...
April 24, 2003, the registrant and the registrant's wholly-owned subsidiary, ARS Products Inc., and HMM Capital Holdings, Inc. executed that certain Plan and Agreement of Triangular Merger. Pursuant to the Plan, the stockholders of HMM Capital desired to cause the merger of HMM Capital with and into ARS Products, and receive shares of the common stock of the registrant, par value $0.0001 per share (the "ARSN Stock") in exchange for all of their shares of the common stock of HMM Capital, par value $0.0001 per share (the "HMM Capital Stock"). ARS Products shall be the Surviving Corporation (the "Surviving Corporation").
The effective date of the Merger shall be the date of the filing of Articles of Merger for HMM Capital and ARS Products in the states of Delaware and Nevada.
The stockholders of HMM Capital currently own 10,000,000 shares of the HMM Capital Stock, which shares constitute all of the issued and outstanding shares of the capital stock of HMM Capital. As a result of the Merger, the stockholders of HMM Capital shall be entitled to receive, in exchange for all of their HMM Capital Stock, 10,000,000 shares of the ARSN Stock. The presently issued and outstanding shares of the ARS Products Stock shall be retained by its current stockholder, ARSN, following the Merger, so that following the Merger, ARSN will continue to own 100 percent of the issued and outstanding shares of the ARS Products Stock.
The Certificate of Incorporation and Bylaws of ARS Products existing on the effective date of the Merger shall continue in full force as the Certificate of Incorporation of the Surviving Corporation until altered, amended, or repealed as provided therein or as provided by law.
Item 7. Financial Statements and Exhibits.
Financial Statements.
None. Financial statements with respect to HMM Capital will be filed within the time permitted by the regulations of the Securities and Exchange Commission, inasmuch as such financial statements have not been completed as of the date hereof.
(see Exhib 10.1)
(c) When this Plan of Merger shall become effective, the separate existence of HMM Capital shall cease and the Surviving Corporation shall succeed, without other transfer, to all the rights and properties of HMM Capital and shall be subject to all the debts and liabilities of such corporation in the same manner as if the Surviving Corporation had itself incurred them. All rights of creditors and all liens upon the property of each constituent entity shall be preserved unimpaired, limited in lien to the property affected by such liens immediately prior to the merger
--more--
http://www.gonow.com/filing.php?repo=tenk&ipage=2123614&doc=3&total=10&back=2
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8k filed on 04/29/2003
http://www.gonow.com/filing.php?repo=tenk&ipage=2122709&doc=1&total=&back=2&g=&a...
Item 2. Purchase or Disposition of Assets.
On April 22, 2003, the registrant's and the registrant's wholly-owned subsidiary, ARS Products Inc., and Majestic Refilter, Ltd. executed that certain Plan and Agreement of Triangular Merger. Pursuant to the Plan, the stockholders of Majestic Refilter desired to cause the merger of Majestic Refilter with and into ARS Products, and receive shares of the common stock of the registrant, par value $0.0001 per share (the "ARSN Stock") in exchange for all of their shares of the common stock of Majestic Refilter, par value $0.001 per share (the "Majestic Refilter Stock"). ARS Products shall be the Surviving Corporation (the "Surviving Corporation").
The effective date of the Merger shall be the date of the filing of Articles of Merger for Majestic Refilter and ARS Products in the states of Delaware and Nevada.
The stockholders of Majestic Refilter currently own 2,000,000 shares of the Majestic Refilter Stock, which shares constitute all of the issued and outstanding shares of the capital stock of Majestic Refilter. As a result of the Merger, the stockholders of Majestic Refilter shall be entitled to receive, in exchange for all of their Majestic Refilter Stock, 2,000,000 shares of the ARSN Stock. The presently issued and outstanding shares of the ARS Products Stock shall be retained by its current stockholder, ARSN, following the Merger, so that following the Merger, ARSN will continue to own 100 percent of the issued and outstanding shares of the ARS Products Stock.
The Certificate of Incorporation and Bylaws of ARS Products existing on the effective date of the Merger shall continue in full force as the Certificate of Incorporation of the Surviving Corporation until altered, amended, or repealed as provided therein or as provided by law.
Item 7. Financial Statements and Exhibits.
Financial Statements.
None. Financial statements with respect to Majestic Refilter, Ltd. will be filed within the time permitted by the regulations of the Securities and Exchange Commission, inasmuch as such financial statements have not been completed as of the date hereof.
Exhib 10.1
(c) When this Plan of Merger shall become effective, the separate existence of Majestic Refilter shall cease and the Surviving Corporation shall succeed, without other transfer, to all the rights and properties of Majestic Refilter and shall be subject to all the debts and liabilities of such corporation in the same manner as if the Surviving Corporation had itself incurred them. All rights of creditors and all liens upon the property of each constituent entity shall be preserved unimpaired, limited in lien to the property affected by such liens immediately prior to the merger (the "Merger").
(d) The Surviving Corporation will be responsible for the payment of all fees and franchise taxes of the constituent entities payable to the states of Delaware and Nevada, if any.
(e) The Surviving Corporation will carry on business with the assets of Majestic Refilter, as well as the assets of ARS Products.
(f) The Surviving Corporation will be responsible for the payment of the fair value of shares, if any, required under the DGCL and the NRS.
--more--
http://www.gonow.com/filing.php?repo=tenk&ipage=2122709&doc=3&total=10&back=2
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10KSB filed on 05/16/2003
http://www.gonow.com/contents.php?ipage=2159413&repo=tenk&back=1
There were 15,015,006 shares of Common Stock outstanding as of May 14, 2003.
(before the dilution?)
...
In recognition of the Company's difficulty in securing sufficient financing to continue in its current structure, the Board of Directors recommended that the Company revisit its capital structure and also its business plan. As a result, the Company has undertaken several changes in order to bring value to shareholders.
At a Special Meeting of Shareholders held December 5, 2002, the Company's shareholders approved an increase in the authorized share capital of the Company to 500,000,000 shares.
(did anyone posting here or on ANY message boards get to vote?}
In February 2003, the Company's Board of Directors recommended, and the shareholders approved, a reverse stock split on the ratio of 1 (one) post split share for each 50 (fifty) pre split shares held by shareholders. Following the filing and acceptance of schedule 14 C, the reverse split became effective on March 26, 2003. The Company's trading symbol was also changed on March 26 to ARSW.
(did anyone posting here or on ANY message boards get to vote?}
On March 28, 2003, the Company entered into a Letter of Intent with Alexander and Wade Inc to acquire 100% of its wholly owned subsidiary, Majestic Refilter, Ltd. ("Majestic Refilter") On April 8, 2003, the Board of ARS approved the transaction under which ARS issued 2 million shares of its restricted common stock for the acquisition. The purchase of Majestic Refilter closed on April 22, 2003. More detailed discussion of this product and its benefits to ARS are noted below.
On April 25, ARS acquired all of the outstanding common shares of HMM Capital Holdings Inc. ("HMM") and with this transaction also acquired the license to distribute the ARS Fire Safety Tec fire retardant doors. The fire doors are approved by United Laboratories in the United States and Canada. The retrofit fire doors are protected by patent in the US. The doors meet the current safety legislation guidelines imposed in the US and Canada and have been sold in North America for the past several years. As consideration, ARS issued 10 million shares of its restricted common stock to the shareholders of HMM Capital Holdings, Inc. in exchange for all 10 million shares of HMM outstanding.
Given the above, the Company has refocused its business strategy for 2003 and beyond. The fire doors are expected to bring revenue to the Company immediately and the Company will also focus on the continued development of Crosslogix and the Refilter product. However, it must be noted that the customer acceptance of these products is not assured.
Business of Issuer
The recent acquisitions by ARS will result in a revised focus for the Company. While the Company had historically looked to develop a private wireless network for the railway industry, the Company will focus primarily on the sales of the fire doors and development of a distribution system to maximize the revenue and profits. The Company will continue to invest in the development of Crosslogix as well as the development of the Refilter product as management believes that markets and revenues exist for these products.
jumping a little ahead...
Business of T & T
T&T Diesel Power Limited has under performed and as such the Company sold T&T to a third party for approximately $63,000.
(another of their "acquired" business that was picked up for considerably more cash and stock and sold at a HUGE loss)
jumping a little ahead...
Employees
The Company currently has no employees but has management and consulting agreements with 5 individuals.
Research and Development
In the years ended January 31, 2002 and 2003, the Company estimates that it spent $190,000 and $135,000, respectively, on research and development.
("spent" as in issued more equity further diluting the company!)
jumping a little ahead...
the stockholders authorized the increase in the authorized capital of the Company's common stock from 50,000,000 to 500,000,000 shares and to issue 25,000,000 newly issued convertible preferred shares to Majestic Safe-T-Products Ltd. in exchange for the common shares of Majestic Refilter, Ltd
(did anyone posting here or on ANY message boards get to vote? also note the 25,000,000 newly issued convertible preferred shares to Majestic}
For the proposal to increase in the authorized capital of the Company's common stock from 50,000,000 to 500,000,000 shares, 20,446,573 affirmative votes and 0 negative votes were cast, with 15,952,255 abstentions and 0 broker non-votes.
For the proposal to issue 25,000,000 newly issued convertible preferred shares to Majestic Safe-T-Products Ltd. in exchange for the common shares of Majestic Refilter, Ltd, 20,446,573 affirmative votes and 0 negative votes were cast, with 15,952,255 abstentions and 0 broker non-votes.
(I guess all the shareholders that were surprised by these events and NOT given a chance to voice their disapproval were counted as abstentions since the power's that be controled the majority of the shares... running this like a sole propriator IMO)
again, jumping ahead...
common stock has been quoted on the NASD's Over-the-Counter Bulletin Board since February 1, 2000. Since March 26, 2003, the Company's common stock has been quoted under the symbol "ARSW". Prior to this, since April 7, 2000, the Company's common stock has been quoted under the symbol "ARSN." Prior to that, the Company's symbol was "ARWA."
Price Per Share
High
Low
February 1, 2000 - March 31, 2000
$5.75
$1.50
April 1, 2000 - June 30, 2000
$3.75
$0.97
July 1, 2000 - September 30, 2000
$1.34
$0.56
October 1, 2000 - December 31, 2000
$0.69
$0.22
January 1, 2001 - March 31, 2001
$1.47
$0.25
April 1, 2001 - June 30, 2001
$1.05
$0.45
July 1, 2001 - September 30, 2001
$1.10
$0.30
October 1, 2001 - December 31, 2001
$0.46
$0.09
January 1, 2002 - March 31, 2002
$0.24
$0.09
April 1, 2002 - June 30, 2002 $0.19
$0.03
July 1, 2002 - September 30, 2002 $0.04
$0.0065
October 1, 2002 - December 31, 2002 $0.03
$0.004
January 1, 2003 - March 25, 2003* $0.0065
$.003
March 25 2003 - April 30, 2003*
$0.75
$0.12
The above prices were obtained from Nasdaq Inc. The quotations represent inter dealer quotations without retail markup, markdown or commission and may not necessarily represent actual transactions.
(can *you* say "typical" otcBB company?????)
Prices quoted prior to March 25, 2003 represent pre reverse split prices while those from March 26, 2003 to April 30, 2003 represent post reverse split quotations. As of April 30, 2003, the Company believes there were approximately 125 holders of record of the Company's common stock.
(cont.)
Recent Sales Of Unregistered Securities
In April 2003, the Company issued 2,000,000 shares to the shareholders of Majestic Refilter, Ltd. as consideration for the merger of Majestic Refilter and ARS Products Inc. Also in April 2003, ARS issued 10,000,000 shares to the shareholders of HMM Capital Holdings Inc. as consideration for the merger between HMM and ARS Products Inc.
In November 2002, the Company issued 1,000,000 shares to three officers of the Company as repayment for free trading shares loaned to the Company.
8
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In August 2002, the Company issued 10,847,434 shares to management in lieu of compensation valued at $108,500.
In April 2002, the Company issued 59,460 shares to consultants as the final payment for services valued at $8,300.
In March 2002, ARS issued 107,080 shares for services valued at 21,400.
In February 2002, ARS issued 150,000 shares to two consultants to the Company as additional compensation valued at $22,500 for their services. Also in February, the Company issued 25,000 shares valued at $3,250 to Betty Harland, a related party, as partial consideration for her promissory note. ARS also sold 92,593 shares for gross proceeds of $10,000.
In January 2002, the Company issued 1,020,000 shares for services valued at $142,600.
In December 2001, ARS sold 75,000 shares for gross proceeds of $7,500. Also in December, the Company issued 125,000 shares for services valued at $12,500.
In November 2001, ARS sold 10,000 shares for consideration of $1,710.
In October 2001, ARS sold 235,043 shares for $0.117 per share for aggregate proceeds of $27,500. Also in October 2001, ARS issued 135,000 shares of common stock for future services, all of which are subject to vesting schedules. In addition, ARS issued 800,600 shares of common stock to officers and directors as a bonus. These shares were valued at $80,060.
In August 2001, ARS issued 48,049 of common stock for services valued at $40,000 in aggregate.
In June 2001, ARS issued 135,000 shares of common stock for future services. Of the total number of shares issued for services, 65,000 shares are subject to vesting schedules. If these services are terminated, then any unvested shares will be forfeited. The 70,000 shares of common stock that have vested had a value of $9,500.
In May 2001, ARS sold 50,000 shares of common stock for $0.77 per share or aggregate consideration of $38,500. Also in May 2001, ARS issued 270,740 shares of common stock for future services. Of the total number of shares issued for services, 191,740 shares are subject to vesting schedules. If these services are terminated, then any unvested shares will be forfeited. The 79,000 shares that had vested have a value of $68,000. ARS also issued 5,000 shares of common stock for services valued at $4,250 in May, 2001.
In April 2001, ARS sold 200,000 shares of common stock for $0.60 per share or aggregate consideration of $120,000. Also in April 2001, ARS issued 23,303 shares of common stock for services valued at $20,000. ARS also issued 12,000 shares of common stock for services valued at $4,438.
In March 2001, ARS entered into the Equity Line of Credit Agreement with Cornell Capital Partners, L.P. To date, ARS received gross proceeds of $300,000 ($270,000 net proceeds) under the Equity Line of Credit upon the issuance of 2,780,617 common shares. In October 2003, ARS requested and was granted a release from the Equity Line of Credit and related agreements by Cornell Capital Partners.
Also in March 2001, the Company sold 2,500 shares of common stock for $1.12 per share, or aggregate consideration of $2,800. The Company issued 45,000 shares of common stock for services valued at $47,813. The Company issued 140,000 shares of common stock to National Financial Communications Corp. for services valued at $131,250.
In February 2001, ARS sold 22,000 shares of common stock for $1.15 per share, or aggregate consideration of $25,300. ARS also issued 41,300 shares of common stock to settle accounts payable of $10,325. Also in February 2001, ARS issued 152,700 shares of common stock in lieu of management compensation valued at $33,400.
During the year ended January 31, 2001, the Company sold 430,000 shares of common stock at prices ranging from $.25 per share to $1.50 per share for aggregate consideration of $259,705.
In January 2001, the Company issued 1,000,900 shares of common stock in lieu of management compensation valued at $219,000. Also in January 2001, the Company issued 40,000 shares of common stock for services valued at $16,876.
In December 2000, the Company issued 1,000 shares of common stock for transportation services valued at $375.
In November 2000, the Company issued 5,000 shares of common stock for printing services valued at $2,656.
9
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In October 2000, the Company issued 50,000 shares of common stock valued at $25,000 in connection with the appointment of an advisory board member. Also in October 2000, the Company issued 45,000 shares of common stock for investor relations services valued at $22,500.
In September 2000, the Company issued 7,000 shares of common stock to two directors in satisfaction of an outstanding loan in the amount of $4,760 owed by the Company.
In August 2000, the Company issued 50,000 shares of common stock for services valued at $33,587.
In July 2000, the Company issued 200,000 shares of common stock to the former shareholders of T & T in connection with the Company's acquisition of T & T. These shares were valued at $200,000 and were redeemable. See "Purchase of T & T Diesel Power, Ltd."
In May 2000, the Company issued 20,000 shares of common stock for legal services valued at $52,500.
In February 2000, the Company issued 150,000 shares of common stock for services valued at $225,000.
In January 2000, the Company issued 362,500 shares of common stock in lieu of management compensation valued at $362,500. Also in January 2000, the Company issued 82,500 shares of common stock for consulting services valued at $82,500.
During the year ended January 31, 1999, the Company sold 187,500 shares of common stock for $1.00 per share or aggregate consideration of $187,500. The Company also issued options to purchase 41,500 shares of common stock at an exercise price of $1.25 per share and options to purchase 41,500 shares of common stock at an exercise price of $1.75 per share. These options are exercisable at any time after May 1, 1999, subject to certain conditions, and expire 60 months after that date.
In April, 1999, the Company issued 250,000 common shares under stock options exercised by certain consultants to the Company for $25.
With respect to the sale of unregistered securities referenced above, all transactions were exempt from registration pursuant to Section 4(2) of the Securities Act of 1933 (the "1933 Act"), and Regulation D promulgated under the 1933 Act. In each instance, the purchaser had access to sufficient information regarding our Company so as to make an informed investment decision. More specifically, the Company had a reasonable basis to believe that each purchaser was an "accredited investor" as defined in Regulation D of the 1933 Act and otherwise had the requisite sophistication to make an investment in the Company's common stock.
...jumping ahead...
Results of Operations
Twelve Months Ended January 31, 2003 Compared To Twelve Months Ended January 31, 2002
Sales. ARS had sales of $31,500 versus nil in the twelve months ended January 31, 2003 and 2002, respectively. These sales relate to a license agreement to sell the ARS Automated Railway Crossing in China.
(crosslogix is sure a valuable asset.... NOT! <g>)
Total Operating Expenses. ARS' total operating expenses decreased by $672,178 from $1,628,781 in the twelve months ended January 31, 2002 to $956,603 in the comparable period in the current period. The decrease operating expenses is due to reductions compensation, professional fees, advertising and promotional and development expenses.
Loss re discontinued operations: In January 2003, ARS completed the sale of T&T Diesel Power Limited which was effective October 31, 2002. As such, the Company has reported T&T operating results as a discontinued operation. The loss for then current year is $66,423 versus $52,697 for the prior year.
Goodwill Adjustment: The Company wrote down the value of Goodwill related to the acquisition of T&T by $264,868 to reflect the loss anticipated by the sale.
Net Loss. ARS had a net loss of $1,256,394, or $2.09 per share, in the twelve months ended January 31, 2003 compared to a net loss of $1,681,478, or $5.70 per share, in the comparable period in the prior year. This reduction in net loss is primarily due to the decrease in operating expenses as noted above.
jumping further ahead...
Liquidity
As of January 31, 2003, we had a working capital deficit of $ 675,395. As a result of our operating losses for the year ended January 31, 2003 we generated a cash flow deficit of $ 102,311 from operating activities. Cash flows from investing activities was $ 42,357_during the year ended January 31, 2003 . We met our cash requirements during this period through the private placement of $10,000_of common stock, and $ 22,117 from advances from Company officers and shareholders (net of repayments).
While we have raised capital to meet our working capital and financing needs in the past, additional financing is required in order to meet our current and projected cash flow deficits from operations and development. We are seeking financing in the form of equity in order to provide the necessary working capital. We currently have no commitments for financing. There is no guarantee that we will be successful in raising the funds required.
{and to end what I think might be an enlightening discourse for any uninformed speculators (as I deem *anyone* buying shares to be speculators and they *must* be uninformed <Bg>)}
...Auditors' opinion expresses doubt about the Company's ability to continue as a going concern. The independent auditors report on the Company's January 31, 2003 financial statements included in this Form states that the Company's recurring losses raise substantial doubts about the Company's ability to continue as a going concern
ok, a "little" more for the uninformed...
Item 10. Executive Compensation
The following table shows all the cash compensation paid by the Company, as well as certain other compensation paid or accrued, during the fiscal years ended January 31, 2003, 2002 and 2001 to the Company's two highest paid executive officers. No restricted stock awards, long-term incentive plan payouts or other types of compensation, other than the compensation identified in the chart below, were paid to these executive officers during these fiscal years. No other executive officer earned a total annual salary and bonus for the year ended January 31, 2003 in excess of $100,000.
Sydney A. Harland, 2003 $165,000 + $106,726
President and Chief 2002 $180,000 + $90,000 + 2,226,923
Executive Officer 2001 $107,000 + 1,236,860
Mark P. Miziolek,
Vice President Finance and Chief Financial Officer
2003 $77,000 + $49,805
2002 $84,000 + $42,000 + 969,231
2001 $51,000 + 35,500 + $113,000(1)
...further;
All Directors, Officers and greater than 10% shareholders as a group = 66.9%
The Company has entered into management agreements with Messrs. Harland and Miziolek. See "Management Agreements."
...now, after "wading" through the filing you will have to have been able to hold down your breakfast, lunch and or Dinner to have gotten to -Pg- F-4 where they "finally" disclose their balance sheet "Asset" items;
ASSETS
Current Assets:
Cash $ 5,612
Note receivable (Note B) 29,610
Total current assets 35,222
Other Assets 646
Total $ 35,868
....SOOOOoooooo now re-read the PR in the light of having some "information" from their public filings... <Bg>
ARS Networks, Incorporated Signs Letter of Intent to Acquire New Automated Transportation Management System -ATMS-
Wednesday May 28, 9:58 am ET
NEW YORK--(BUSINESS WIRE)--May 28, 2003--ARS Networks, Incorporated a company dedicated to new safety technology today announced that it has signed a letter of intent with MISCG Ltd. and Bell Tracy, Ltd. to acquire the exclusive rights to their state of the art technology. ARS Networks, Incorporated trades on the OTCBB under the symbol (ARSW).
ARS's procurement of this new technology will establish an unparalleled opportunity for ARS to expand on the Automated Transportation Management System (ATMS) technology existing unit sales and reoccurring revenues. This innovative technology is new to the market and already has major customers lining up to subscribe.
Sydney Harland, President and Chief Executive Officer of ARS, stated, " The Timing could not be better to embark on this new technology. ARS is excited to offer an affordable wireless technology solution for tracking freight trailer movements along America's highways and railways. The Integration of our new ATMS technology with our Crosslogix technology will move the Company forward to the completion of Crosslogix. We are confident that ARS will achieve substantial revenue for the company and its investors with our acquisition."
ARS's ATMS technology operates on the NBPCS Two-Way paging network using proprietary protocols and algorithms to achieve up to 90% compression of transmitted data, the device maintains the lowest wireless cost possible while delivering near real time data transmission performance. Trimble the leading innovator of Global Positioning System (GPS) provides GPS functionality to the system with the latest OEM integration available. www.arsnetworks.com
"safe harbor" Forward-looking statements (etc.)
I wish I could "wish" everyone *good luck* with this one but it obvious a miracle is what is in order to pull off the business plan
best!
kp
SirFelix--
Do we even have Crosslogix anymore?
Last year I thought that it was in the final testing and auditing phase, but have heard nothing about it so far this year. I was under the impression that there was no money to continue delevoping and testing it for introduction to the market, yet, we still are managing to aquire new busninesses.
Do we still own Crosslogix or did we give 90 percent of it away when the RS took place?
I guess I haven't been paying close enough attention to this stock because I am totally confused as to what ARSW actually IS anymore.
Syd seems to be busy trying to get something going. I truly hope, for all of our sakes, that he succeeds.
Good luck for all of us. We may need it.
Danny
KP, Maybe Syd might prove you wrong and no offense, but I hope he does, for my pocket book's sake.
Syd wrote: "The Integration of our new ATMS technology with our Crosslogix technology will move the Company forward to the completion of Crosslogix. We are confident that ARS will achieve substantial revenue for the company and its investors with our acquisition.""
ARS Networks, Incorporated Signs Letter of Intent to Acquire New Automated Transportation Management System -ATMS-
Wednesday May 28, 9:58 am ET
NEW YORK--(BUSINESS WIRE)--May 28, 2003--ARS Networks, Incorporated a company dedicated to new safety technology today announced that it has signed a letter of intent with MISCG Ltd. and Bell Tracy, Ltd. to acquire the exclusive rights to their state of the art technology. ARS Networks, Incorporated trades on the OTCBB under the symbol (ARSW).
ARS's procurement of this new technology will establish an unparalleled opportunity for ARS to expand on the Automated Transportation Management System (ATMS) technology existing unit sales and reoccurring revenues. This innovative technology is new to the market and already has major customers lining up to subscribe.
Sydney Harland, President and Chief Executive Officer of ARS, stated, " The Timing could not be better to embark on this new technology. ARS is excited to offer an affordable wireless technology solution for tracking freight trailer movements along America's highways and railways. The Integration of our new ATMS technology with our Crosslogix technology will move the Company forward to the completion of Crosslogix. We are confident that ARS will achieve substantial revenue for the company and its investors with our acquisition."
ARS's ATMS technology operates on the NBPCS Two-Way paging network using proprietary protocols and algorithms to achieve up to 90% compression of transmitted data, the device maintains the lowest wireless cost possible while delivering near real time data transmission performance. Trimble the leading innovator of Global Positioning System (GPS) provides GPS functionality to the system with the latest OEM integration available. www.arsnetworks.com
Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence on third-party suppliers, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
--------------------------------------------------------------------------------
Contact:
ARS Networks, Inc.
Syd Harland, 518/298-2042
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