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Analytical Surveys, Inc. Announces Name Change to Axion International Holdings, Inc. and Reverse Stock Split

2008-08-04 07:30:00

Analytical Surveys, Inc. Announces Name Change to Axion International Holdings, Inc. and Reverse Stock Split

    BASKING RIDGE, N.J., Aug. 4 /EMWNews/ -- Analytical

Surveys, Inc. (OTC Bulletin Board: ANLT), a technology company that

converts recycled plastics into high value-added structural products used

in commercial applications, today announced that its board of directors and

shareholders have approved a name change to Axion International Holdings,

Inc. and a 1-for-4 reverse stock split of its outstanding common stock. As

a result of the name change and reverse stock split, beginning on August 4,

2008, the Company's common stock will trade on the Over-the-Counter

Bulletin Board under its new trading symbol "AXIH" (CUSIP No. 05462D 101).

    The reverse stock split affects all shares of common stock and

convertible securities of the Company outstanding immediately prior to the

effective time of the reverse split. Pursuant to the reverse stock split,

every four shares of the Company's common stock will be combined into one

share of the Company's common stock and fractional shares will be rounded

up to the nearest whole share.

    Jim Kerstein, Chairman and CEO, stated: "Recent news continues to prove

the strength of our business plan. The 1 for 4 shares reverse stock split

is intended to enhance investor's visibility into the Company's potential

future profitability on a per share basis while also providing more useful

information in making period-to-period comparisons. The Company also

believes that a higher share price could broaden its appeal to a wider base

of investors allowing it to potentially qualify for listing on a larger

stock exchange in the future, improving stockholder value."

    About Axion International

    Axion International ( is positioned as an important

structural product provider of alternative infrastructure and building

products. Axion operates from a "green" base, developing structural

products made from recycled consumer and industrial plastics that would

otherwise be discarded into landfills. Axion International's patented

technologies, developed in collaboration with scientists at Rutgers

University, allow for products that are extremely strong, durable, flexible

in use, and low maintenance. Traditional construction suppliers of wood,

steel, and concrete cannot compete with the flexible design features of

structural plastic. Manufactured from consumer and industrial waste

plastics, Axion's upcycled products are an economic alternative to

traditional building materials.

    Forward-Looking Statements

    This release contains "forward-looking statements" for purposes of the

Securities and Exchange Commission's "safe harbor" provisions under the

Private Securities Litigation Reform Act of 1995 and Rule 3b-6 under the

Securities Exchange Act of 1934. These forward-looking statements are

subject to various risks and uncertainties that could cause Analytical

Surveys' actual results to differ materially from those currently

anticipated, including the risk factors identified in Analytical Surveys'

filings with the Securities and Exchange Commission.

Investors: Jim Kerstein (908) 542-0888 [email protected]

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