YARC Confirms Merger Discussions
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"constructive" as opposed to what...lol.....
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Camarillo California, 27 December 1999: YARC Systems Corporation
(OTC-BB: YARC) today confirmed that discussions, with a view to
obtaining a controlling interest in a company listed on the NASDAQ
National Market, are continuing.
These discussions are taking place in a constructive atmosphere, and
therefore YARC has decided not to disclose further details in order
to protect the integrity of the ongoing negotiations.
If a controlling interest is achieved, YARC will supply its LINUX
Color Server technology to allow the products of the target company
to become more closely integrated with the Internet.
"Exploratory negotiations" were first reported in YARC's Press
Release dated 12/15/99. As disclosed in the Press Release on
12/19/99, YARC has formed an alliance with CTI Imaging Systems Inc.
to help YARC more effectively pursue certain merger and acquisition
targets.
About YARC ( yarc.com )
YARC has developed proprietary LINUX software that integrates
Printing technologies with the Internet and Internet Browsers. YARC's
proprietary version of Adobe Systems' "PostScript" Printer
Description Language (PDL) is used to transfer images from a
computer, over a network such as the Internet, to a printing engine.
You can evaluate a YARC-XP LINUX Color Server on the Internet at
yarcxp.com
YARC's E-Commerce Server is at secureshop.yarcrip.com
Contacts:
YARC Investor Relations:
Philippe Niemetz (800)477-7570, (212) 344-6464
email: wphconsultants@msn.com
YARC Press Relations: (800) 800-YARC FAX:(805)482-5209
email: press@yarc.com
DISCLAIMERS:
Forward Looking Statements: Certain of the above statements may be
forward looking statements that involve risks and uncertainties. In
such instances, actual results could differ materially as a result of
a variety of factors, including competitive developments, lack of
adequate financing, and other risk factors listed from time to time
nd/or SEC reports. Such
statements are protected under the Safe Harbor provisions of the
securities regulations.
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