DLAV news: DealerAdvance Corrects Registration Statement Opinions
2008-02-19 13:53 ET - News Release
ADDISON, Texas -- (Business Wire)
DealerAdvance™, Inc. (OTCBB:DLAV), announced today that on February 18, 2008, the Company and its legal counsel, Anslow + Jaclin, LLP, were notified by an investor that legal opinions filed with the Company’s registration statements on Form S-8 on September 6, 2007, November 29, 2007, and February 15, 2008, erroneously made reference to an unrelated party, Alliance Recovery Corporation. As such, the Company and its legal counsel, Anslow + Jaclin, LLP, apologize for the confusion and further clarify that any opinion issued in connection with a registration statement on Form S-8 was to solely reference the Company.
The Company’s transfer agent has and will only issue shares registered in the Company’s registration statements on Form S-8 based on legal opinions issued by the Company’s legal counsel, Anslow + Jaclin, LLP which make sole reference to the Company.
The statements contained in this press release that are not historical facts are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 (“the Securities Act”), as amended and the Private Securities Litigation Reform Act of 1995. Such forward-looking statements may be identified by, among other things, the use of forward-looking terminology such as “believes,”“expects,”“may,”“will,”“should,” or “anticipates” or the negative thereof or other variations thereon or comparable terminology, or by discussions of strategy that involve risks and uncertainties. In particular, the our statements regarding the anticipated growth in the markets for our technologies, the continued development of our products, the approval of our Patent Applications, the successful implementation of our sales and marketing strategies, the anticipated longer term growth of our business, and the timing of the projects and trends in future operating performance are examples of such forward-looking statements. The forward-looking statements include risks and uncertainties, including, but not limited to, the timing of revenues due to the uncertainty of market acceptance and the timing and completion of pilot project analysis, and other factors, including general economic conditions, not within our control. The factors discussed herein and expressed from time to time in our filings with the Securities and Exchange Commission could cause actual results to be materially different from those expressed in or implied by such statements. The forward-looking statements are made only as of the date of this filing and we undertake no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
Contacts:
DealerAdvance™, Inc., Addison
Steven Humphries, 214-866-0606 Ext. 106
or
Dave Scaturro, 214-866-0606 Ext. 103
Source: DealerAdvance(TM), Inc.
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