@Comm Comments On Recent Trading Activity in Its Stock.Business Editors/High Tech Writers BURLINGAME, Calif.--(BUSINESS WIRE)--June 12, 2000 Commenting on recent trading activity in its stock, @Comm See comms. Corporation (Nasdaq Small Cap:ATCM ATCM Antarctic Treaty Consultative Meeting ATCM Airborne Toxic Control Measure ATCM Association of Town Centre Management (UK) ATCM Air Toxics Control Measure ATCM Aeronautical Time Cycle Management ATCM Advanced Technology Cruise Missile ) said today it believes that one of its large shareholders has now largely completed the sale of its @Comm shares. The company stated that transactions, totaling more than 600,000 shares and occurring between May 15 and the end of last week, represented unusually high volume and accounted for the recent sharp decline in @Comm's share price. @Comm believes that the shareholder had to sell parts of a total portfolio, including most of its @Comm shares, to meet margin requirements. @Comm said it also believes that other existing holders of its 5.3 million outstanding shares of common stock absorbed most of the @Comm shares that were offered for sale. William H. Welling, @Comm's chairman and chief executive officer, said: "We do not normally comment on trading activity or the price of our shares, but we think it is important for the investment community to know that recent high-volume selling was unrelated to @Comm's progress or prospects." Last month, @Comm announced Town Square(TM), a new and fully integrated business communications system In telecommunication, a communications system is a collection of individual communications networks, transmission systems, relay stations, tributary stations, and data terminal equipment (DTE) usually capable of interconnection and interoperation to form an integrated whole. , about the size of a VCR VCR: see videocassette recorder. VCR in full videocassette recorder Electromechanical device that records, stores on a videotape cassette, and plays back on a TV set recorded images and sound. , for voice & data communications data communications, application of telecommunications technology to the problem of transmitting data, especially to, from, or between computers. In popular usage, it is said that data communications make it possible for one computer to "talk" with another. for small businesses. The product is in beta testing (programming) beta testing - Testing a pre-release (potentially unreliable) version of a piece of software by making it available to selected users. This term derives from early 1960s terminology for product cycle checkpoints, first used at IBM but later standard throughout the , and @Comm expects to begin shipments this month. "Market acceptance of @Comm's Town Square system is most encouraging," Mr. Welling said, "and we remain on track for ramping up production in the third quarter of 2000." Affordable and simple to use, Town Square provides enterprise-class telephone, call processing In telecommunication, the term call processing has the following meanings:
About @Comm @Comm (formerly known as Xiox Corporation) develops and distributes integrated communications systems that provide businesses with smart telephony Meaning "sound over distance," it refers to electronically transmitting the human voice. In the beginning, telephony dealt only with analog signals in the circuit-switched networks of the telephone companies. and data networking capabilities that enable advanced communications services and applications, while significantly reducing complexity and operating costs operating costs npl → gastos mpl operacionales . @Comm's telemanagement systems and solutions provide businesses with cost-saving tools for telephone expense control, billback, utilization and fraud control. For more information: @Comm Corporation, 577 Airport Blvd., Suite 700, Burlingame, CA 94010, 650/375-8188, www.atcomm.com. This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. regarding @Comm's new product introductions. The future performance of @Comm is subject to risks and uncertainties, including the risks that its new product introduction is not successfully implemented or does not achieve acceptance in the marketplace. Accordingly, the actual performance of the company may differ materially from management's expectations. Significant variables that could affect the company's performance are discussed in documents filed by the company with the Securities and Exchange Commission. Investors are encouraged to consider the risks and uncertainties discussed in those filings. |
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