SOURCE: Metiscan, Inc.

Metiscan, Inc.

November 21, 2011 17:18 ET

Restated: Metiscan, Inc. (MTIZ.PK) Board Approves Name Change to Aclor International, Inc. and Announces Reverse Split of Company's Common Stock

DALLAS, TX--(Marketwire - Nov 21, 2011) - Metiscan, Inc. (the "Company"), publicly traded on the Pink Sheets (PINKSHEETS: MTIZ), announced today that on October 31, 2011, the Company's Board of Directors and majority shareholders approved the change of Metiscan's name to Aclor International, Inc. Concurrently on the same day, the Company's Board of Directors and majority shareholders also approved a 1 for 2,000 reverse split of our issued and outstanding common stock.

A certificate of amendment was filed with Delaware Secretary of State on November 3, 2011 for the said name change and reverse stock split. The Company has also obtained a new CUSIP number that reflects both the name change and reverse split. Management believes the name change and reverse stock split may be effective on December 5, 2011, which is subject to FINRA's approval. Upon the effectiveness of the reverse stock split, all earnings per common share amounts, references to common stock and stockholders' equity amounts will be restated as if the reverse stock split had occurred as of the earliest period presented.

Furthermore, the Company's management is working to finalize and file a new registration statement on Form 10 with the Securities and Exchange Commission such that it may become a fully reporting company. The new registration statement will provide more detailed and in-depth information about the Company and its subsidiaries. The name change, reverse split and filing of the new registration statement are all initiatives being taken by the Company's management to make the Company's stock quoted on the Over-the-Counter Bulletin Board.

Metiscan, Inc. is a public holding company traded on the Pink Sheets under the symbol MTIZ. Its sole, majority owned subsidiary Aclor, Inc. is an international manufacturer and supplier of private label paper products. Aclor's customers include some of the most recognized and reputable office supply mass retailers worldwide and also include the largest consumer and office retailer in the United States. Aclor produces composition notebooks, spiral notebooks, wireless notebooks, and filler paper in its factory located in Nuevo Laredo, Tamaulipas, Mexico.

Safe Harbor Statement: Certain of the statements made in this press release constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause Metiscan's actual results to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. In addition to statements that explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "believes," "belief," "intends," "anticipates" or "plans" to be uncertain and forward-looking. The Company does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.

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