8/26 Shareholder Update By The Law Firm of Abbey, Gardy & Squitieri, LLP; Attention Purchasers of Asia Electronics Holding Co., Inc. Common Stock.NEW YORK--(BUSINESS WIRE)--August 26, 1998--The following statement was issued today by the law firm of Abbey, Gardy & Squitieri, LLP LLP - Lower Layer Protocol : If you purchased Asia Electronics Holding Co., Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : AEHCF) common stock pursuant to or traceable to the company's Initial Public Offering ("IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. ") on or about September 25, 1997, you may, not later than October 12, 1998, move the court to serve as lead plaintiff of a Class Action seeking damages against Asia Electronics. A Class Action has been commenced in the United States District Court United States District Court In the U.S., any of the 94 trial courts of general jurisdiction in the federal judicial system. Each state, as well as the District of Columbia and the Commonwealth of Puerto Rico, has at least one federal district court. for the Southern District of New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of against Asia Electronics, certain of its officers and directors, and its IPO underwriters for violations of federal securities laws. Among other things, plaintiff claims that the Registration Statement and Prospectus issued in connection with the IPO contained false and misleading statements that wrongfully wrong·ful adj. 1. Wrong; unjust: wrongful criticism. 2. Unlawful: wrongful death. portrayed the company's compliance with domestic and foreign law. Plaintiff seeks to recover damages on behalf of himself and all other individual and institutional investors Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. who purchased Asia Electronics Holding Co., Inc. common stock pursuant to or traceable to the September 25, 1997 IPO, excluding the defendants and their affiliates. Plaintiff is represented by Abbey, Gardy & Squitieri, LLP, a law firm with extensive experience in prosecuting class actions, and significant expertise in actions involving corporate fraud. If you are a member of the class described above, you may, not later than October 12, 1998, move the court to serve as lead plaintiff of the class, if you so choose. In order to serve as lead plaintiff, however, you must meet certain legal requirements. If you wish to discuss this action, or have any questions concerning this notice or your rights or interests, please CONTACT: Mark C. Gardy, Esq. James S. Notis, Esq. Abbey, Gardy & Squitieri, LLP 212 East 39th Street New York, New York 10016 TELEPHONE:(800) 889-3701 or (212) 889-3700 FAX:(212) 684-5191 E-MAIL e-mail: see electronic mail. in full electronic mail Messages and other data exchanged between individuals using computers in a network. :jnotis@a-g-s.com CONTACT: Mark C. Gardy, Esq. James S. Notis, Esq. Abbey, Gardy & Squitieri, LLP 212 East 39th Street New York, New York 10016 TELEPHONE:(800) 889-3701 or (212) 889-3700 FAX:(212) 684-5191 E-MAIL:jnotis@a-g-s.com |
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