COSTA MESA, Calif., March 25, 2002 (PRIMEZONE) -- E. G. Marchi, Vice-President of VPN Communications Corporation (OTCBB:VPNN) today announced that the Board of Directors had elected to change the name of the corporation to Resource Asset Management Corporation in line with the new direction taken by the company in acquiring control of AmeraMex International Inc. (OTCBB:AMMX). More information on AmeraMex may be found at www.ammx.net. The new name is expected to become official by the middle of April.
In related activity, at a Board meeting held last Wednesday, Directors Ken Gough and Dr. Henry Smith resigned, and the new majority shareholders of VPN, Howard Behling and Charles Layton, were elected to the Board. Mr. Behling was appointed President while Mr. Marchi will continue to serve the corporation as a Director and as Vice-President Secretary/Treasurer.
A number of statements contained in this Report are forward-looking statements, which are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of company products and related technologies, competitive market conditions, the ability to secure additional sources of financing, the ability to maintain operating expenses at current levels, and other factors described in the Company's filings with the Securities and Exchange Commission. The actual results the Company achieves may differ materially from any forward-looking statements due to such risks.