TO ALL OUR SHAREHOLDERS
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Friday, February 26, 1999 5:00 PM Eastern Time
Company Press Release
TALK VISUAL CORPORATION: New Name for Legacy Software, Inc.
CAMBRIDGE, Mass.--(BUSINESS WIRE)--Feb. 1, 1999-- Legacy Software, Inc. (LGCYC) announces that, effective at the beginning of trading on March 1, 1999, the Company's name and trading symbol will change on The Nasdaq SmallCap Stock Market.
The Company changed its name to TALK VISUAL CORPORATION earlier this month. With the opening of trading on March 1, 1999, the Company's new trading symbol will be TVCPC.
As has been previously reported, the Company has entered into a written merger agreement with Videocall International Corporation. Shareholder approval is required before the merger is complete and both companies expect to receive that approval before the end of April 1999. While the prior business of the Company has been computer software, following the merger the Company will continue
the business of Videocall International Corporation in international video-telecommunications.
As announced earlier (see LGCYC: News, Monday, February 01, 1999), on Sunday, January 31, 1999, the Board of Directors of Legacy Software, Inc., had unanimously agreed to change the name of the corporation to more accurately reflect the continuing business developments at the company.
The company will continue to have a vital interest in ISDN transmission and related telecom software, and is planning to acquire products and telecommunications entities. The primary focus of the company will be the business of international telecommunications generally, and videocalling specifically.
Michael J. Zwebner, Chairman of TALK VISUAL CORPORATION, said today that “the future of international telecommunications is seeing and hearing.
The global business traveler wants to see his or her family; the expatriate Palestinian living in the U.S.A. wants to see his family in Gaza. We believe in the future of videocalling, and intend to be the world's leader. Our new name – ‘Talk Visual Corporation' -- tells the world that we will allow individuals and families everywhere in the world to see and hear one another. Our dedication to this international vision will benefit everyone: nations, customers, shareholders, and global citizens alike.”
Full information on Talk Visual's corporate mission and future plans can be obtained either by contacting press officer Lukas J. Rosov at: 1-877-22-VIDEO (1 877 228 4336) or at the company's website at www.talkvisual.com.
Except for historical information contained herein, the statements in this release (including without limitation, statements indicating that the company “expects,” “estimates,” “anticipates,” or “believes” and all other statements concerning future financial results, product offerings or other events that have not yet occurred) are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. Additional information on these and other factors are included in the company's Form 10-KSB for the Fiscal Year ended Dec. 31, 1997, as filed with the Securities and Exchange Commission.
Contact:
TALK VISUAL CORPORATION
Lukas J. Rosov, (617) 679-0300; lrosov@videocall.org |
