Accesspoint Corp. Buys Firm’s Public Status

Accesspoint Corp., an Anaheim-based Internet service provider, has acquired a Nevada shell company in order to trade its stock on the public markets, the company said Monday.

Accesspoint, which provides electronic commerce products and services to small- and medium-sized businesses, now trades over the counter under the symbol ASAP.

Accesspoint acquired Yamahama’s Inc., a theme restaurant that failed. The assets and employees of Yamahama have all been disposed of, and only the public status of the company has been retained.

On its first day of trading, Accesspoint closed at $5.25, down 50 cents a share.