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Shopss.com Files Information Statement Regarding Its Name Change To ``AccessTel, Inc.''
LOS ANGELES--(BUSINESS WIRE)--Jan. 24, 2001--Shopss.com (OTCBB:SHPS) today announced that, pursuant to Section 14(C) of the Securities Exchange Act of 1934, the Company filed its Information Statement with the Securities and Exchange Commission in connection with the following: 1) Amendment of the Articles of Incorporation, as amended, changing the name of the Company to AccessTel, Inc.; 2) Amendment of the Articles of Incorporation, as amended, increasing the total number of shares of Capital Stock which Shopss.com shall have authority to issue from 50,000,000 to 120,000,000 of which 100,000,000 shall be common stock and 20,000,000 shares shall be designated preferred stock, $1.00 par value per share (the "Preferred Stock"); and 3) Adoption of a Stock Option Plan.
The Company anticipates that the Name Amendment and Authorized Shares Amendment will become effective on or about Feb. 15, 2001.
Lawrence Liang, president and CEO of the Company, stated, "Our name change to AccessTel, Inc. sends a clear message to the world that we are a high-tech industry player focusing on the latest broadband wireless strategies and telecom solutions."
Liang added, "We anticipate the announcement of our name change to AccessTel, Inc. to be the beginning of an abundance of exciting news regarding the Company and its business endeavors for 2001 and beyond."
Statements made in this news release concerning predictions of performance and the company's plans and objectives are not historic facts and constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve important risks and uncertainties that may cause results to differ materially from those set forth in this news release. All forward-looking statements are subject to the successful completion of actions described in the news release. Readers should carefully review the company and publicly available filings thoroughly with their registered investment advisor or registered broker.
CONTACT:
Shopps.com/AccessTel, Inc.
Stuart Bockler, 732/591-0520
408/216-4756
or
Pace Communications Network
Sy Mitzner, 800/791-5777
KEYWORD: CALIFORNIA
BW0125 JAN 24,2001
6:00 PACIFIC
9:00 EASTERN
