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Technology Stocks : AXSI - Axcess Inc. (formerly LASX) -- Ignore unavailable to you. Want to Upgrade?

To: John A. Paul who wrote (829)	4/2/1998 4:25:00 PM
From: John A. Paul	Respond to of 1220

Thursday April 2, 3:52 pm Eastern Time Company Press Release SOURCE: AXCESS Inc. AXCESS Inc. Common Shares Now Trading Under AXSI Symbol Rebroadcast Of An Investor Community Teleconference Call Held Today May Be Heard By Dialing 800-611-0653, Code #1187 CARROLLTON, Texas, April 2 /PRNewswire/ -- AXCESS Inc. (Nasdaq: AXSI - news; formerly Lasertechnics, Inc.) common shares commenced trading today under the symbol AXSI on the Nasdaq SmallCap Market system. The change in trading symbol from LASX to AXSI was done in conjunction with a change in the company's name from Lasertechnics, Inc. to AXCESS Inc. which was approved by shareholder vote at a Special Meeting of Shareholders on March 31, l998 in Dallas, TX. The company said the name change more accurately reflects its new business strategy of developing stronger operations in the fields of service bureau ID card preparation, access control systems for corporate facilities, and production of dye-sublimination printers for ID cards and badges. The Special Meeting of Shareholders also approved a 20:1 reverse stock split which was effective today. The reverse split enables the company to comply with the new minimum share price requirements for maintaining the company's Nasdaq listing. AXCESS Inc., founded in 1981 as Lasertechnics, Inc., consists of two operating subsidiaries: (1) Sandia Imaging Systems, Inc. of Carrollton, TX (majority-owned) which produces fraud-resistant wallet-sized ID cards, assembles and sells dye-sublimation card printers, and designs and markets turnkey corporate security systems; and (2) Lasertechnics Marking Corporation of Albuquerque, NM (wholly-owned) which provides laser marking systems and related technologies for a diverse range of industrial and commercial markets. For additional details see Letter to Shareholders on www.axsi.com . This press release includes ''forward-looking statements'' within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that could cause the actual results of the company to differ materially from the results expressed or implied by such statements, including general economic and business conditions, conditions affecting the industries served by the company and its subsidiaries, conditions affecting the company's customers and suppliers, competitor responses to the company's products and services, the overall market acceptance of such products and services, and other factors disclosed in the company's Annual Report on Form 10KSB for the year ended Dec. 31, 1997 and all of the company's subsequent Quarterly Reports on Form 10QSB through December 31, 1997. Accordingly, although the company believes that the expectations reflected in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. SOURCE: AXCESS Inc.