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

Aug 04, 2008, 01:00 ET from Axion International Holdings, Inc.

    BASKING RIDGE, N.J., Aug. 4 /PRNewswire-FirstCall/ -- 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

SOURCE Axion International Holdings, Inc.