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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Joe Copia who wrote (21922)	3/22/2000 6:54:00 PM
From: CJacks	Read Replies (1) \| Respond to of 25711

News out on VCCP name change... (PS-Hey Joe, was looking through some OLD favorite places and forgot you had this board) Wednesday March 22, 6:14 pm Eastern Time Company Press Release DataWorld Solutions Announces Symbol Change to Reflect Name Change and Improved Corporate Structure FARMINGDALE, N.Y.--(BUSINESS WIRE)--March 22, 2000--DataWorld Solutions Inc. (OTCBB: VCCP - news), manufacturer and distributor of electronic cable, accessories, and custom cable assemblies for data, voice and video communications systems, today announced that effective March 23, 2000 its symbol on the OTCBB will change to ``DWLD'. ``This symbol change from VCCP to DWLD reflects the company's name change from Vertex Computer Cable and Products Inc. to DataWorld Solutions, Inc. We feel the symbol and name change will also eliminate much past confusion as far as who DataWorld Solutions, Inc. really is. DataWorld Solutions became the name of the former Vertex in April 1999 after Vertex completed a reverse merger with DataWorld Solutions, Inc. approximately one year after Vertex emerged from its Chapter 11 reorganization. The former Vertex had been doing approximately $50M in revenues and had experienced numerous losses which subsequently forced the Chapter 11. Since the reverse merger DataWorld has renewed customer relationships, expanded product offerings, and brought the company to operational profitability. Recent sales are running at an annualized rate of approximately $15M to 20 Million / year. DataWorld has clearly established itself in a strong position in the fiber-optic interconnect market,' said DataWorld Solutions chairman and CEO Daniel McPhee. ``The company is experiencing a significant growth rate and yet we feel this is only the beginning of an aggressive move to increase our market share. We anticipate that our enhanced product offering and personalized service will make DataWorld a major provider to the dynamic fiber-optic interconnect market.' Existing clients of DataWorld include 3M Corp. (NYSE:MMM - news), Bank of America (NYSE:BAC - news), Bear Sterns (NYSE:BST news), BMC Software (Nasdaq:BMCS - news), Chase Manhattan Bank (NYSE:CMB - news), Cisco Systems (Nasdaq:CSCO - news), Picturetel (Nasdaq:PCTL - news), RCN Corp. (Nasdaq:RCNC - news), U.S. Web (Nasdaq:USWB - news), Northrop Grumman (NYSE:NOC news), and the New York Stock Exchange. DataWorld Solutions competitors include Anixter (NYSE:AXE - news), Anicom (Nasdaq:ANIC - news), and Graybar. Except for historical matter, the matters in this press release are forward-looking statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements reflect assumptions, and involve risks and uncertainties, which might affect the company's business and prospects and cause actual results to differ materially from these forward-looking statements, which are detailed in the company's public filings with the SEC. -------------------------------------------------------------------------------- Contact: DataWorld Solutions Inc., Farmingdale Nick Hutzel, 631/293-1610 Ext. 343