December 4, 2003
TORONTO, ON. - December 04, 2003 - Oxford Software Developers Inc. (OTC: OXSDF) is pleased to announce the completion of a successful Annual General Meeting (AGM). This meeting was held on November 28, 2003 at the corporate headquarters 1315 Lawrence Avenue East, Unit 520 in Toronto Ontario.
At the AGM, the stockholders approved the change in the company's name to Oxford Investments Holdings Inc. Company President and Chief Executive Officer, Michael Donaghy stated that "this name change better reflects our diversifying business interests and will allow for broader business ventures while not portraying that our only business is that of software development." The name change will become effective during the first quarter of 2004.
The stockholders also expressed a vote of confidence in Michael Donaghy as he was once again reelected as President, Chief Executive Officer and Director. Mr. Donaghy will continue with his tireless efforts to move the company forward. Mr. Donaghy is pleased to announce that the company has had a successful year and that the future is looking very bright as a result of new business ventures and cost cutting measures implemented throughout the past year. The Company also reappointed Williams & Webster Inc. as the independent auditors for the Company for the upcoming fiscal year.
The Company is also pleased to announce the opening
of its first Franchised store. This new franchise will be located
at 1033 Toy Ave. in Pickering Ontario, a suburb of Toronto. This
premier franchise will contain a showroom and warehousing facility
to accommodate the rapid growth of the Celebrity Tan division of
our business. The new franchise will allow potential franchisees
to view a fully operational franchise complete with color scheme
and proper layout. This franchise will also provide a learning and
training center for new franchisees.
About Oxford Software Developers Inc.
Oxford Software Developers Inc., previously known as a leading Internet
gaming software licensing, reseller and development company providing
software solutions to the Internet gaming market, now is the parent
company to several subsidiaries that market, sell and distribute
a variety of products. Oxford's subsidiaries include International
E-Gaming Developers, Inc., a company that markets Internet gaming
products to a worldwide clientele, Celebrity Tan Inc., a company
that markets UV-free tanning products and booths, and Ontario Private
Water Labelling Ltd., a company that specializes in private-label
bottled water distribution and sales.
For further information, please visit www.oxsof.com
Email:investor@oxsof.com
FORWARD LOOKING STATEMENTS DISCLAIMER:
Statements in this press release, which are not historical are
forward-looking statements made pursuant to the safe harbor provisions
of the Private Securities Litigation Reform Act of 1995. There can
be no assurance that such statements will prove to be accurate;
actual results and future events could differ materially from those
anticipated in such statements. Investors are cautioned that all
forward-looking statements involve risks and uncertainties including,
without limitation, risks associated with the Company's financial
condition and prospects, legal risks associated with Internet gaming
and risks of governmental legislation and regulation, risks associated
with market acceptance and technological changes, risks associated
with dependence on sub-licensees and key licensees, risks relating
to international operations, risks associated with competition and
other risks detailed in the Company's filings with securities regulatory
authorities. These risks may cause results to differ materially
from those projected in the forward-looking statements.
This release does not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be a sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification of such securities under the laws of any such jurisdiction. This press release was accurate at the time it was issued but may not reflect the company's current strategy or product offerings.
