Tonga purchased the $2 million convertible debenture from ASI on April 2, 2002. The Company used the investment to extinguish bank debt and for working capital. Additional details regarding the note are available in today's filing with the Securities and Exchange Commission on Form 8-K.
Analytical Surveys, Inc. (ASI) provides technology-enabled solutions and expert services for geospatial data management, including data capture and conversion, planning, implementation, distribution strategies and maintenance services. Through its affiliates, ASI has played a leading role in the geospatial industry for more than 40 years. The Company is dedicated to providing utilities and governmental agencies with responsive, proactive solutions that maximize the value of information and technology assets. ASI is headquartered in San Antonio, Texas and maintains facilities in Waukesha, Wisconsin. For more information, visit http://www.anlt.com/.
This press release contains forward-looking statements that involve risks and uncertainties. The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. When used in this press release, the words "anticipate," "believe," "estimate," "intend" and "expect" and similar expressions are intended to identify such forward-looking statements. Such forward-looking statements include, without limitation, the statements regarding the Company's strategy, future sales, future expenses and future liquidity and capital resources. All forward-looking statements in this press release are based upon information available to the Company on the date of this press release, and the Company assumes no obligation to update any such forward-looking statements. The Company's actual results could differ materially from those discussed in this press release. Factors that could cause or contribute to such differences include, but are not limited to, those discussed in Item 1. Business--"risk factors" and elsewhere in the Company's Annual Report on Form 10-K. All numbers quoted in this press release are approximate.
CONTACT: J. Norman Rokosh, Chief Executive Officer of Analytical
Surveys, Inc., Email Contact; or Geoff High of Pfeiffer High Public
Relations, Inc., +1-303-393-7044, Email Contact, for Analytical
Web site: http://www.anlt.com/