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Time Spot Press Releases


VITRIX ANNOUNCES NEW STOCK TRADING SYMBOL
Tempe, ARIZ. (April 4, 2001) -- VITRIX, Inc. (OTC: VTTX) today announced that effective at the opening of the market on Thursday, April 5, 2001, the Company?s stock symbol will change from ?VTTX? to ?VRXI.? This change results from the Company?s 1-for-10 reverse stock split, which became effective at 7:30 P.M. (EDT) on Wednesday, April 4, 2001.

Contrary to a statement previously announced on April 2, shareholders of the Company in the near term will receive transmittal materials from the Company?s transfer agent, American Stock Transfer and Trust Company, instructing shareholders on how to exchange stock certificates for post-reverse stock split shares.

About VITRIX, Inc.: VITRIX, Inc., based in Tempe, Arizona, is a developer and provider of workforce management solutions for businesses of all sizes. VITRIX products improve productivity by automating collection of time and attendance data, staff scheduling and management of labor resources. For more information please visit the VITRIX Web site at http://www.vitrix.com.

Certain information and comments contained in this press release may be forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934). Factors set forth in the Company's Annual Report on Form 10-KSB for the fiscal year ended June 30, 2000, its subsequent Form 10-QSB filings together with other factors that appear in this press release or in the Company's other Securities and Exchange Commission filings could affect the Company's actual results and could cause the Company's actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of the Company, in this press release.

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