ADVANCED POWERLINE TECHNOLOGIES, INC. Announces Name Change - Trades Under New Symbol
LAVERNE, OK November 9, 2004 Advanced Powerline Technologies, Inc. (Pink Sheets: APWL - News) announced today that it has completed its name and symbol change from AC/DC Communications, Inc. (Pink Sheets: ACDC) to Advanced Powerline Technologies, Inc. (Pink Sheets: APWL), to better reflect its business model.
Advanced Powerline also announces that in a Special Shareholders meeting held October 16, 2004 in Enid, Oklahoma, the following actions were taken:
Dr. Van Pope Steed was terminated from the Board of Directors and as President of Advanced Powerline Technologies, Inc., and the uncompleted acquisition of Mobile Innovision, Inc. from Dr. Steed was rescinded.
Dorine L. Nyman was elected as the new President/Secretary of Advanced Powerline Technologies, Inc., and Roland Butler was elected as new Treasurer of Advanced Powerline Technologies, Inc.
Dorine L. Nyman commented: "As the newly appointed president of Advanced Powerline Technologies, Inc. my vision is clear, and I'm ready for the challenge given to me with this position. I intend to move APT in a forward direction toward the completion of our business plan and acquisition strategy, as originally intended. My goal is to build Advanced Powerline Technologies, Inc. into the industry leader in broadband technologies, particularly as it relates to the emerging power line communications industry.
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward-looking statements are further qualified by other factors. The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.
CONTACT:
Advanced Powerline Technologies, Inc.,
Roland Butler, Treasurer
Telephone 580-921-2345
E-mail Roland@OneAPTDrive.com