AmeriStar Network Inc. Completes 1-for-2 Reverse Stock Split and the Merger of SecurDigital Inc.
February 28 2011 - 5:56PM
Marketwired
AmeriStar Network Inc. (PINKSHEETS: AMWKD) announced today that
FINRA has put the 1-for-2 Reverse Stock Split on the FINRA Daily
List. In addition, the merger of SecurDigital Inc. into a
wholly-owned subsidiary of AmeriStar became effective.
The Company is also pleased to announce that Mr. Bruce Magown,
the co-founder, President and CEO of SecurDigital Inc., was elected
to the Board of Directors. Mr. Magown will continue to manage the
day to day operations of SecurDigital.
SecurDigital Inc. developed proprietary technology to protect
corporations, governments and even individuals from scanning,
hacking and espionage that constitutes a major advance in the
delivery of secure and interoperable wireless communications.
Eliminating the exposure of wireless communication to scanners or
hackers, its SecurVoice™ technology is
delivered to subscribers over the Internet using the
Software-as-a-Service ("SaaS") model.
SecurVoice™ is the world's first totally
secure, wireless, digital communications "software only" solution
for security and interoperability over wireless and VoIP
communications and works across multiple carriers, operating
systems and hardware, performing "wireless interoperability for
WiMAX and WiFi products globally.
Statements in this press release may be "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995. Words such as "optimizing," "potential,"
"anticipate," "goal," "intend" and similar expressions, as they
relate to the company or its management, identify forward-looking
statements. These statements are based on current expectations,
estimates and projections about the company's business based, in
part, on assumptions made by management. These statements are not
guarantees of future performance and involve risks, uncertainties
and assumptions that are difficult to predict. Actual outcomes and
results may, and probably will, differ materially from what is
expressed or forecasted in such forward-looking statements due to
numerous factors, including those described above and those risks
discussed from time to time in Compnay filings with the Securities
and Exchange Commission.
Contact: O. Russell Crandall Chairman AmeriStar Email: Email
Contact Phone (435) 229-1955
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