ABCI Holdings/American Boardsports Announces Temporary Change In Company Trading Symbol.Business Editors SAN DIEGO--(BUSINESS WIRE)--May 29, 2002 ABCI ABCI Advanced Business Communications, Inc. ABCI Associate of the Business Continuity Institute ABCI Allocated Baseline Configuration Index (USCG) Holdings Inc./American Boardsports Co. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ABCIE), innovative producer of snowboard, wakeboard and skateboard products announced that on Tuesday, May 28, 2002, its trading symbol Trading symbol See: Ticker symbol was changed to ABCIE by the governing body of the OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. . The change came as a result of technical difficulties in the transmission and receipt by the SEC of the company's most recent Edgarized 10-QSB filing. The fault has been corrected and the trading symbol will change back to ABCI at market open on May 30, 2002 About ABCI Holdings Inc./American Boardsports Co. Founded in 1993, ABCI Holdings Inc./American Boardsports Co. (OTCBB:ABCI) is a vertically integrated sporting goods manufacturer that designs and produces branded consumer products for the rapidly growing action or extreme sports sector. American Boardsports pioneered the cross-market integration of snowboarding, skateboarding and wakeboarding Wakeboarding is a surface water sport which involves riding a wakeboard over the surface of a body of water behind a boat. It was developed from a combination of water skiing, snow boarding and surfing techniques. along with related accessories and apparel and continues to be viewed as a pacesetter in these adrenaline-driven markets. More information is available at the company Web site www.americanboards.com. Except for the historical information contained herein, this press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from the results predicted and reported results should not be considered an indication of future performance. In addition to the factors discussed in the filings with the Securities and Exchange Commission, among the other factors that could cause actual results to differ materially are the following: adverse changes in the business conditions and the general economy; competitive factors, such as rival companies' pricing and marketing efforts; availability of third-party material products at reasonable prices; the financial condition of the customer; risks of obsolescence ob·so·les·cent adj. 1. Being in the process of passing out of use or usefulness; becoming obsolete. 2. Biology Gradually disappearing; imperfectly or only slightly developed. due to shifts in market demand; and litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. involving product liabilities and consumer issues. ABCI Holdings Inc. cautions readers not to place undue reliance upon any such forward looking statements, which speak only as of the date made. ABCI expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any such statements to reflect any change in the company's expectations or any change in events, conditions or circumstances on which any such statement is based. |
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