YARC Insider increases stock holdings
Camarillo California, 7 Jan 2000: YARC Systems Corporation (OTC-BB:
YARC) today confirmed that its Chairman and C.E.O., Dr Trevor
Marshall, has filed with the S.E.C. to sell 158,500 shares of YARC
common stock under Rule 144. Following the completion of the
transaction Dr. Marshall will hold a total of 5,000,000 shares of
YARC common stock.
Separately, YARC Systems Corporation announced that Frances
Marshall, a Director of the Company, has purchased 220,000 shares
of employee incentive stock options in YARC. This transaction has
increased her holdings to 650,000 shares.
The options being purchased are restricted, and the underlying
shares would first become available for sale under Rule 144 on or
about January 2001 unless otherwise registered under the Act before
that date.
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.
A YARC LINUX Color Server, for evaluation by the public, can be
found at yarcxp.com
YARC's E-Commerce Server is at secureshop.yarcrip.com
At this date YARC Systems has 20,666,780 shares of common stock
issued and outstanding, 24,017,335 on a fully diluted basis. The
number of shares in the public float is just over 12 million. YARC
Officers and Management own 34% of the issued and outstanding
common stock. The above totals include the shares being used to
acquire Quality Photographic Imaging. There have been delays in the
filing of this merger with the State of California brought about by
incorrect processing of the 1987 merger that created QPI.
Contacts:
YARC Investor Relations:
Philippe Niemetz (800)477-7570, (212) 344-6464
email:wphco
sn.com
YARC Investor Relations: (800) 800-YARC FAX:(805)482-5209
email: invest@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 in the Company's disclosure statements and/or SEC 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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