YARC NEWS UPDATE....
This guy sure does keep the shareholders in touch with what is going on!!!!
Monday December 27, 12:13 pm Eastern Time
Company Press Release
YARC Confirms Merger Discussions
CAMARILLO, Calif.--(BUSINESS WIRE)--Dec. 27, 1999--YARC Systems Corp. (OTCBB:YARC - news) 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 news release dated 12/15/99.
As disclosed in the news 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 (http://www.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.
Evaluate a YARC-XP LINUX Color Server on the Internet at yarcxp.com.
YARC's E-Commerce Server is at secureshop.yarcrip.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 in the company's disclosure statements and/or Securities and Exchange Commission reports. Such statements are protected under the Safe Harbor provisions of the securities regulations.
All trademarks are the property of their respective owners.
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Contact:
YARC Investor Relations
Philippe Niemetz, 800/477-7570, 212/344-6464
e-mail: wphconsultants@msn.com
YARC Press Relations
800/800-YARC, 805/482-5209 (fax)
e-mail: press@yarc.com |
