ADVA Optical Networking Admitted to New Prime Standard Segment of Frankfurt Stock Exchange.Business Editors/High-Tech Writers MARTINSRIED/MUNICH, Germany & MAHWAH, N.J.--(BUSINESS WIRE)--Jan. 21, 2003 ADVA ADVA American Deaf Volleyball Association ADVA Advanced Soviet Optical Networking Communications between computers, telephones and other electronic devices using light. An optical network is far more reliable and has far greater potential transmission capacity than networking in the electrical domain. See optical fiber. (FSE FSE 1. feline spongiform encephalopathy. 2. focal symmetrical encephalomalacia. : ADV ADV Advertisement ADV Adverb ADV Advance/Advanced ADV Advantage (tennis) ADV Advise ADV Advocate ADV Advancement ADV Advent ADV Arbeitsgemeinschaft für Datenverarbeitung ADV Adversus (Latin: Against) ), a leading global provider of optical networking solutions, today announced that its shares have been admitted for trading on the new Prime Standard segment of Germany's Frankfurt Stock Exchange Frankfurt Stock Exchange The largest of Germany's eight securities exchanges, operated by Deutsche Borse AS. . ADVA also announced today the publication of its compliance declaration on the German Corporate Governance Corporate Governance The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law. Code. The Deutsche Borse introduced two new trading segments on January 1, 2003, the "Prime Standard" and "General Standard", and will eventually replace the current segment structure, including the Neuer Markt on which ADVA's shares were listed. The introduction of the new segments intends to increase the transparency requirements, improve the integrity of the German capital markets, and strengthen investor confidence. Companies admitted to the Prime Standard segment fulfill the most stringent internationally-recognized transparency and reporting requirements, including publication of quarterly reports in both German and English according to either IAS See iPlanet Application Server. 1. (computer) IAS - The first modern computer. It had main registers, processing circuits, information paths within the central processing unit, and used Von Neumann's fetch-execute cycle. or U.S. GAAP GAAP See: Generally Accepted Accounting Principles GAAP See generally accepted accounting principles (GAAP). accounting standards, presentation of a corporate calendar, issuance of ad-hoc press releases, and hosting of analyst conferences. ADVA has consistently fulfilled all of the Prime Standard segment criteria since its initial public offering in March 1999. More information about the new Prime Standard segment can be found on the Deutsche Borse website at www.deutsche-boerse.com. ADVA also published its declaration on the German Corporate Governance Code by year end 2002 in accordance with recently-enacted German legislation. In July 2002 the German Transparency and Disclosure Act (Transparenz- und Publizitatsgesetz) was enacted, reforming corporate accounting and reporting legislation as well as requiring all publicly-traded companies to annually disclose their compliance with the German Corporate Governance Code. This code summarizes key statutory provisions for the governance of publicly-traded companies and provides recommendations based on nationally and internationally recognized governance standards. ADVA's declaration is published in the investor relations Investor relations The process by which the corporation communicates with its investors. section of the company's website at www.advaoptical.com. ABOUT ADVA OPTICAL NETWORKING ADVA Optical Networking is a leading global provider of optical networking solutions for rapid and cost-effective provisioning of high-speed data, storage, voice, and video services in the metropolitan area. ADVA's carrier-class portfolio is comprised of the Fiber Service Platform family of products - explicitly designed to ensure the lowest total cost of ownership. ADVA's solutions have been deployed at over 68 carriers and service providers (including PTTs, RBOCs, LECs, and IXCs) and more than 500 enterprises worldwide. ADVA's products are sold through an international network of blue-chip distribution partners in addition to its own direct sales force. Further information about ADVA Optical Networking: www.advaoptical.com. PUBLISHED BY: ADVA AG Optical Networking, Martinsried/Munich and Meiningen, Germany ADVA Optical Networking Inc., Mahwah/New Jersey, USA ADVA Optical Networking Corp., Tokyo, Japan www.advaoptical.com |
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