Accident Prevention Plus, Inc. to Issue Certificates in New Name, Transportation Safety Technology Inc., to ``Beneficial Owners'' Only
JUPITER, Fla.--Aug. 2, 20044, 2004--Accident Prevention Plus, Inc. (OTCBB:ACPL), has announced that the Company will be changing its name to Transportation Safety Technology. In response to questions from shareholders, the Company wishes to clarify for shareholders and brokers the procedure through which shareholders will receive new certificates in the name of Transportation Safety Technology, Inc. There are two ways for shareholders to receive the new certificate they are as follows:Obtaining your stock certificate for your shares
If a shareholder is already a record owner of the Company holding certificates from Accident Prevention Plus, Inc. common stock issued in his or her name, he / she simply needs to send that certificate along with the transmittal letter in to the our Transfer Agent. Letters of Transmittal will be going out to all shareholders within the next 10 days.
North American Transfer Company 147 West Merrick Road Freeport, NY 11520
If you do not receive a letter of transmittal from Accident Prevention Plus, Inc. by September 8, 2004 please contact Jennifer Swanson at 561-741-4450.
If a stockholder does not hold his shares in the Company's common stock in certificate form but holds them in street name with a broker, such beneficial shareholders can request a stock certificate from their broker representing their ownership interest in the Company's common stock. To insure receipt of appropriate shares in Transportation Safety Technology Inc., the Company urges all shareholders who do not hold their shares of the Company's common stock in certificate form to request, in writing, from their broker a stock certificate representing their shares of the Company's common stock. To assist shareholders in this regard there will be a sample letter posted on the Company's website http://www.applus.com after August 25, 2004. If you have requested a stock certificate from your broker and are experiencing difficulty or unusual delays in obtaining your stock certificate the Company would like to hear from you at 561-741-4450.
If you are a shareholder and have not received your stock certificate in a timely manner or there is a valid reason for not receiving your stock certificate your broker must submit a "Beneficial Ownership" list to the Company's transfer agent. New certificates in the name of Transportation Safety Technology Inc. will be issued to registered shareholders who hold their shares in certificate form in their name and then to beneficial shareholders identified in the beneficial owner list submitted by the broker.
If there are any further questions regarding this action please contact Jennifer Swanson at 561-741-4450.
This press release contains certain forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on management's current expectations of beliefs and are subject to a number of factors and uncertainties that could cause actual results, levels of activity, performance or achievements to differ materially from those described.