Hyperion Technologies Announces Name and Symbol Change
Changes Name to NextPath Technologies Trading Symbol to NPTK
HILLSBOROUGH, N.C.--(BUSINESS WIRE)--July 22, 1999--Hyperion Technologies, Inc. (OTCBB:HYPE - news) announced today that it has changed its legal name to NextPath Technologies, Inc., and that its trading symbol has been changed to ''NPTK.''
Both of these changes are effective Friday, July 23, 1999. The new CUSIP number is 65333J109.
''We feel the name NextPath more accurately reflects the company's new business model of acquiring existing private companies that have synergistic technologies and show tremendous potential for rapid growth and profitability,'' said Jim Ladd, CEO of NextPath Technologies, Inc.
Hyperion Technologies, now NextPath Technologies, is a holding company that has acquisitions and strategic alliances pending that will allow the company to become a significant participant in a number of rapidly expanding technology market sectors.
The Company has agreements to acquire NextWave Photonics, LLC., Laser Wireless Inc., Willow Systems Ltd. and Sagebrush Technology, Inc. NextPath is also currently in the final stages of negotiations with several Internet and E-commerce companies.
It is anticipated that the corporate strategies currently being pursued will result in geometric increases in the profitability of the respective companies joining Hyperion.
Certain statements in this news release may constitute ''forward looking'' statements within the meaning of section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve risks, uncertainties, and other factors which may cause the actual results, performance, or achievement expressed or implied by such forward-looking statements to differ.
Hyperion Technologies, Inc. Is Quoted On The OTC Bulletin Board As ''HYPE''
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Contact:
Hyperion Technologies, Inc.
by
Investor Communications Co.
800/511-4215 or 800/457-5579
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