[2] International Digital Holding, Inc. Announces Trading Symbol Change in Accordance With Phase-in Schedule for New Amendment to Rule 6530.WINTER GARDEN, Fla.--(BUSINESS WIRE)--Nov. 22, 1999-- International Digital Holding, Inc. Now Listed as (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :IDIGE) International Digital Holding, Inc. (OTCBB:IDIG) (www.digitalholding.com). In accordance with the phase-in schedule of the new Eligibility Requirements and based on the time requirement of SEC review procedures, on Friday November 19, 1999 the company's stock-trading symbol (OTCBB:IDIG) was appended with an "E" (the temporary trading symbol Trading symbol See: Ticker symbol is OTCBB:IDIGE). Because the OTCBB is a quotation service for NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). Market Makers, not an issuer listing service or securities exchange, there are no quantitative listing requirements Listing requirements Requirements, including minimum shares outstanding, market value, and income, that are laid down by an exchange for any stock to be listed for trading. that must be met by an OTCBB issuer. However, new Eligibility Requirements are in effect for both foreign and domestic issuers. Non-reporting companies whose securities were already quoted on the OTCBB on January 4, 1999, started being alphabetically phased into compliance with the new requirements back in July 1999 and will end in June 2000. Trading symbols appended with an "E" are subject to removal from the OTCBB in 30 calendar days (60 days if denoted with a plus sign "+") if the NASD does not receive information indicating that a company is current in its public reporting obligations pursuant to Rule 6530. International Digital Holding, Inc. expects to commence the process of becoming current in its public reporting obligations by filing a Form 10-SB with the SEC. The company is working closely with advisors to maintain communication with the SEC during this review period. Due to the extraordinary growth of the Company, Baker & Hostetler, LLP LLP - Lower Layer Protocol , of Orlando, Florida The city of Orlando is a major city in central Florida and is the county seat of Orange County, Florida. According to the 2000 census, the city population was 185,951. A 2006 U.S. has been retained as additional securities counsel to further assist in preparing the filing. The Company has also retained the services of Meeks, Dorman & Company, P.A. as auditors for the 1999 fiscal year. The Meeks, Dorman firm is affiliated with the International Group of Accounting Firms ("IGAF IGAF I've Got A Feeling (Beatles song) "), the 14th largest organization of its kind with over 50 offices in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , and offices in 55 countries worldwide. The Company selected Meeks, Dorman because of their international scope, to assist IDIG in its acquisition campaign, and with its global Whoofnet.com ISP (1) See in-system programmable. (2) (Internet Service Provider) An organization that provides access to the Internet. Connection to the user is provided via dial-up, ISDN, cable, DSL and T1/T3 lines. expansion strategy. For more information, contact International Digital Holding, Inc. by phone at 407/877-3309, via fax at 407/877-8675, or visit the website at http://www.digitalholding.com . About International Digital Holding, Inc. Founded in 1988 and based in Winter Garden, Florida, International Digital Holding, Inc. (OTCBB:IDIG), is a holding company specializing in cutting-edge Internet, software, and telecommunications subsidiaries with new and innovative technologies. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. for Forward Looking Statements: Except for historical information contained herein, the statements made in this press release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. These statements involve known and unknown risks and uncertainties, which may cause the company's actual results in the future periods to differ materially from the forecasted results. These risks and uncertainties include, among other things, price volatility, demand, competition, risk inherent in the company's domestic and international operations, imprecision in estimating product reserves and the company's ability to replace and expand its holdings. |
|
||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion