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

To: Andrew Spurlin who wrote (838)	4/9/1998 3:52:00 PM
From: John A. Paul	Read Replies (1) \| Respond to of 1220

Andrew: -------------------------------------------------------------------- Thursday April 9, 1:49 pm Eastern Time Company Press Release SOURCE: AXCESS Inc. AXCESS Shareholders Approve Reduction in Number of Authorized Shares CARROLLTON, Texas, April 9 /PRNewswire/ -- AXCESS Inc., (Nasdaq: AXSI - news; formerly Lasertechnics, Inc.) announced that late yesterday shareholders approved a reduction in authorized shares to 6,250,000 at a continuation of the Special Meeting of Shareholders first held on March 31, 1998 in Dallas, TX. At the March 31 meeting shareholders approved a 20:1 reverse stock split in response to the new minimum share price requirements for maintaining a Nasdaq listing. Shareholders also approved a change of corporate name to AXCESS Inc. to more accurately reflect the company's new strategy for growth in the corporate security market. The company's Nasdaq trading symbol changed to AXSI from LASX, effective April 2, 1998. 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 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 1OKSB for the year ended Dec. 31, 1997 and all of the company's subsequent Quarterly Reports on Form 1OQSB 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. -------------------------------------------------------------------- We now need to find out how many shares are actually out there right now. I will e-mail the company. JP