XerTech Inc. (Formerly “Arrin Background, Inc.”) Undergoes Ticker Change to XTCH

Jul 30, 2009 - Get The PDF Version

VENTURA, Calif.--(BUSINESS WIRE)--XerTech Inc. (formerly “Arrin Background, Inc.”) today announced that its trading symbol as quoted on the OTC Bulletin Board will change from (OTCBB: ARRB) to (OTCBB: XTCH) effective today, Thursday, July 30, 2009. XerTech’s common stock will trade under the new CUSIP No. 98418F106.

The Company’s previously announced name change to XerTech Inc. and new ticker will be reflected in SEC filings and all future corporate communications with the investor community, including press releases and the company’s website: www.xergames.com.

"In order to more accurately reflect our Company’s broad initiatives to develop high performance training equipment and programs, we have changed our corporate name to XerTech Inc. and our symbol to XTCH," said Cathi Lamberti, Chief Executive Officer. "We look forward to updating our loyal shareholders and prospective investors on XerTech’s exciting developments in the coming weeks and months."

XerTech is committed to creating fun, entertainment-based fitness programs and equipment that place specific emphasis on developing the neurological pathways in the brain. The programs and equipment offered by XerTech cover a diversity of applications, ranging from combating obesity in youth, adults and seniors to conditioning high performance athletics, from medical wellness to education for PE, adapted PE and special education.

Over the years, XerTech’s R&D initiatives have resulted in cutting-edge programs and equipment sold to the commercial fitness industry and educational institutions (there are over 1,500 installations worldwide). XerTech’s programs and equipment have pioneered a new paradigm in training and fitness that joins computer game technology with conventional exercise programs, appropriate for the multi-billion dollar healthcare and rehabilitation, fitness, athletic performance, computer video game, and family entertainment markets.

About XerTech Inc. (formerly “Arrin Background, Inc.”)

XerTech Inc. (OTCBB: XTCH) manufactures, markets, distributes and sells high performance training equipment and programs based on a new paradigm that marries computer game technology with conventional exercise to achieve greater brain/body stimulus and interaction. We believe that we are the only company to manufacture, sell, and support fully turnkey commercial systems to the health, fitness and education industries. We seek to capitalize on two basic economic and social trends, (i) the growth and success of interactive computer games and (ii) the recognized need in the industry for fitness systems that will attract the mainstream population by supplying FUN products that make people FIT.

XerTech Inc. has developed and patented the Sportwall Performance PT®, Sportwall® Training Stations, XerTrainer™, XerPro™, the XerPlay™ Interactive Playgrounds, and the XerDance® multi-player dance game system. In addition to manufacturing and marketing its own product lines, the Company distributes Trazer® by Cybex®, Trixter® Interactive Spinning Bike and the Makoto Arena®.

For additional information, please visit XerTech’s corporate website: www.xergames.com

This press release contains certain "forward-looking" statements, as defined in the United States Private Securities Litigation Reform Act of 1995, that involve a number of risks and uncertainties. Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all the factors that could cause actual results to differ materially from those estimated by the Company. Such factors include, but are not limited to, the Company's ability to develop operations, the Company's ability to compete in the health, fitness and education markets and serve its customers, the Company's access to future capital, the successful integration of the acquired companies, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition, and sales, as well as other factors that may be identified from time to time in the Company's public announcements. For a more detailed discussion of the risks and uncertainties of XerTech's business, please refer to the Company's Current Report on SEC Form 8-K filed with the Securities and Exchange Commission on July 2, 2009, and as subsequently amended. The Company assumes no obligation to update any forward-looking statement contained in this press release or with respect to the announcements described herein.

XerTech Inc.
Cathi Lamberti, Chief Executive Officer
Toll-free: 800-695-5056
cathi.lamberti.ceo@XerGames.com
or
Trilogy Capital Partners
Financial Communications
Darren Minton, Vice President
800-592-6067
info@trilogy-capital.com
Copyright Business Wire 2009