EXHIBIT 22.1
DALLAS, TX; July 31, 2000
LUCAS EDUCATIONAL SYSTEMS ANNOUNCES SHAREHOLDER APPROVAL OF A ONE FOR FOUR
REVERSE STOCK SPLIT.
Lucas Educational Systems, Inc. (OTCBB:LEDS) is pleased to announce that at its
Annual Meeting held July 29, 2000 the shareholders approved a proposal to
execute a reverse stock split and voted to subsequently amend its Certificate of
Incorporation to return the number of authorized shares to 20,000,000. Effective
August 1, 2000 the company will begin trading Post-Split under the symbol LCSE
(OTCBB:LCSE) and new CUSIP (549332 20 3). Shareholders will receive a letter of
transmittal in the near future requesting them to send in their old stock
certificates in exchange for new ones reflecting the post-split number of
shares.
Lucas Education focuses on development and distribution of revolutionary
learning methodologies through products marketed under the Doctor Memory(TM)
brand name. "This reverse split and corresponding return to pre-split authorized
share amounts positions the company's capital structure for growth and greater
acceptance in the securities markets", said Steven R. Crowell, Chief Financial
Officer.
The company will report revenues from product sales for the first time in the
quarter ending September 30, 2000 as it seeks to become the leading authority of
memory training techniques and related educational products based on the
company's proprietary Learning That Lasts(TM) methodology. The company's website
www.DoctorMemory.com provides the avenue to explore all of its products as well
as scheduled appearances by Doctor Memory(TM) himself, Jerry Lucas.
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This press release includes statements, usually containing the words "believe",
"estimate", "project", "expect" or similar expressions. These statements are
made pursuant to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements inherently involve risks and
uncertainties that could cause actual results to differ materially from the
forward-looking statements. Factors that would cause or contribute to such
differences include, but are not limited to, continued acceptance of the
Company's products and services in the marketplace, competitive factors, changes
in regulatory environments, and other risks detailed in the Company's periodic
reports filed with the Securities and Exchange Commission. By making these
forward-looking statements, the Company undertakes no obligation to update these
statements for revisions or changes after the date of this release.
