To: SusieQ who wrote (218 ) 1/8/2000 8:08:00 PM From: fortitude Read Replies (1) | Respond to of 230
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. ------------------------------------------------------------------------------ To be removed from this mailing list please reply to this message with the subject line saying UNSUBSCRIBE.