WQN, Inc. to Operate Under "WebSafety, Inc."
December 05 2007 - 8:30AM
Marketwired
DALLAS, TX (PINKSHEETS: WQNI) announced today that it will begin
operating under the name "WebSafety, Inc." The name change will
reflect the change in the direction of the Company to focus on its
WebSafety software, which is designed to protect children from
online predators. In addition to focusing on this software, the
Company is developing additional products to allow parents to
protect their children from these predators.
B. Michael Adler, Chief Executive Officer of the Company,
commented, "Our business will be built around our new products. The
Company's management is committed to strict corporate governance
and corporate reporting will be enhanced to increase transparency.
The change from WQN to WebSafety reflects a new identity for our
Company that will enhance our branding efforts as we launch our new
products.
Working closely with federal and state agencies, the makers of
WebSafety have designed a breakthrough online predator security
solution powered by the state-of-the-art alert system, Smart Alert
Network(TM). Leveraging the latest in wireless technology,
WebSafety expects to revolutionize the way parents can detect and
prevent online predators from preying on their children. To learn
more about the Company, go to our website: www.WebSafety.com.
In addition to operating under "WebSafety, Inc.," the Company
also announced today that it has hired assistance to become current
on its reporting obligations with the Securities and Exchange
Commission. The Company's Chief Accounting Officer, John Williams,
stated, "We are diligently working on bringing our financial
reporting current and providing timely and reliable financial
information to our shareholders. We recently engaged the services
of Prolianze Group out of Sunrise, Florida to assist our management
with Securities and Exchange Commission (SEC) reporting
requirements and Sarbanes-Oxley Compliance. Once compliant with the
SEC, we will be applying with the Financial Industry Regulatory
Authority (FINRA) to move from the Pinksheets to the Over the
Counter Bulletin Board as a fully reporting SEC compliant
company."
The Company currently anticipates becoming current on its SEC
filings in the first quarter of 2008. After it becomes current on
its filings, the Company anticipates holding a stockholders meeting
to vote on a permanent change of the Company's name to "WebSafety,
Inc."
Safe Harbor Statement
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995: The statements, other than the statements of
historical facts, may be deemed to contain forward-looking
statements with respect to events, the occurrence of which involves
risk and uncertainties, including, without limitation, demand and
competition for the Company's products and services, the
availability to the Company of adequate financing to support its
anticipated activities, the ability of the Company to generate cash
flow from operations and the ability of the Company to manage its
operations. As statements regarding future events concern
management's estimates of future results of operations, and as the
estimates are based on many elements beyond management's control,
differences form management's estimates may occur, and such
differences may be material.
Company Contact: John Williams WQN, Inc. 972-361-1988 (phone)
972-980-3739 (fax) Email Contact (email) Investor Relations
Contact: Jack Eversull The Eversull Group, Inc. 972-378-7917
972-378-7981 Email Contact
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