BW2127 DEC 28,2000 10:46 PACIFIC 13:46 EASTERN
(BW)(NY-ACCIDENT-PREVENTION-PLUS)(ACDP) Accident Prevention Plus, Inc. Eligible
Quotation on the OTC-BB
Business Editors
NEW YORK--(BUSINESS WIRE)--Dec. 28, 2000--On December 27, 2000 The National
Association of Securities Dealers, Inc. has advised the company that it is
eligible for quotation on the NASDAQ Over the Counter Bulletin Board ("OTCBB").
The company's common stock is trading under the symbol ACDP and has commenced
trading on December 28, 2000.
About Accident Prevention Plus, Inc.
The Company designs, develops, markets and sells a comprehensive line of
onboard computer recording systems, the APP1000, the APP2000 and the APP3000
(hereinafter, collectively called the "AP+Series"). The AP+Series Products
include a dual axis accelerometer designed and developed by the Company to
measure the sway of a vehicle, and onboard systems that monitor and record data
for accident prevention, driver training and evaluation, and maintenance
operations for fleet vehicles.
The AP+Series are often dubbed "black boxes" after the ones used in large
aircraft. The AP+Series units can be custom-designed to specific requirements by
using individual operating parameters and are upgradeable to meet further needs
of fleet management companies as they adapt to a changing world. The AP+Series
have the ability to monitor, record and retrieve numerous types of data
depending on the individual customer's specific requirements. Some examples of
the analyzed categories for the transportation industry include, but are not
limited to, (i) driving chronologies (maximum speed, deceleration, idling, last
20 overspeedings, brake occurrences and intensities), (ii) trip chronologies
(driver identification, date and time of vehicle usage, total driving time and
distance, dangerous braking occurrences), and (iii) vehicular chronologies
(distance/speed, engine rpm, lights, water temperature, oil temperature, air
pressure, vehicular sway). This data is permanently recorded thus often
providing a record of critical information.
The Company intends to seek to capture market niches in the field of
transportation. Management believes that within the transportation industry, the
AP+Series products with Smart card technology may be utilized in emergency
vehicles for police, fire and ambulance departments. In addition, the AP+Series
products coupled with the Smart card technology may be used by a variety of
businesses or governmental agencies to create and track drivers' licenses, or to
create passports, medical cards or insurance cards, which would provide instant
access to critical information.
Statements made in this press release that are not historical or current
facts are "forward-looking statements." These statements can be identified by
the use of terms such as "may", "will", "expect", "believe", "anticipate",
"estimate", "approximate" or "continue", or the negative thereof. The Company
wishes to caution readers not to place undue reliance on any such
forward-looking statements, which speak only as of the date made. Any
forward-looking statements represent management's best judgment as to what may
occur in the future. However, forward-looking statements are subject to risks,
uncertainties and important factors beyond the control of the Company that could
cause actual results and events to differ materially from historical results of
operations and events and those presently anticipated or projected. These
factors include adverse economic conditions, entry of new and stronger
competitors, inadequate capital, unexpected costs, failure to successfully
penetrate the Company's markets both in the United States and in foreign
countries, and failure to capitalize upon access to new markets. The Company
disclaims any obligation subsequently to revise any forward-looking statements
to reflect events or circumstances after the date of such statement or to
reflect the occurrence of anticipated or unanticipated events.
<PAGE>
--30--mc/ny*
CONTACT: Accident Prevention Plus, Inc.
Jeffrey Carus, 631/360-0600 (Investor Relations)
[email protected]
http://www.applus.com/
KEYWORD: NEW YORK
INDUSTRY KEYWORD: AEROSPACE/DEFENSE AIRLINES HARDWARE
TRANSPORTATION COMPUTERS/ELECTRONICS PRODUCT
