Accrue Shareholders Approve Alternative Reverse Split Proposals.Business Editors/High-Tech Writers FREMONT, Calif.--(BUSINESS WIRE)--Sept. 21, 2001 Shareholders of Accrue Software, 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 :ACRU ACRU American Civil Rights Union ACRU Active Confirmed Registered User (eBay) ), today approved seven separate proposals that will enable the company's board of directors to effect one or more reverse stock splits of the company's common stock over the course of the next 12 months. The propositions, ranging from a one-for-two reverse stock split to a one-for-thirty reverse stock split, enable the Board to act as it deems appropriate to maintain the listing of the company's common stock on the NASDAQ National Market or, if necessary, to qualify the common stock for listing on the NASDAQ SmallCap Market. "This approval gives the Board the flexibility to use a reverse stock split in order to satisfy NASDAQ's 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. ," said Robert Smelick, Chairman of the Board. "At the same time, we are working to grow revenues through new and existing products while further reducing our internal operating costs operating costs npl → gastos mpl operacionales , both of which are designed to increase shareholder value," said Jeffrey Walker
Jeffrey Walker (born March 25, 1969) is a bass guitarist and singer from St Helens, UK. , president and chief executive officer. The company's shareholders also re-elected a full slate Any political party or faction that seeks to form a majority in a parliament or on a board of directors or other responsible body typically must run a full slate if only to demonstrate that they have the capacity to attract the talent to fill every position with some person, even if that of seven directors. About Accrue Software Accrue Software (Nasdaq:ACRU), a leading provider of enterprise-level analytics solutions, helps leading companies worldwide understand, predict, and respond to Internet customer behavior. Accrue's solutions improve the profitability of customer interactions across multiple touch points. Accrue has more than 600 customers, including industry leaders such as Gateway, Dow Jones Dow Jones the best known of several U.S. indexes of movements in price on Wall Street. [Am. Hist.: Payton, 202] See : Finance , Eastman Kodak Company, MTV MTV in full Music Television U.S. cable television network, established in 1980 to present videos of musicians and singers performing new rock music. MTV won a wide following among rock-music fans worldwide and greatly affected the popular-music business. , Macy's, and Deutsche Telekom. Except for the historical information contained herein, the matters discussed in the news release are forward-looking statements that involve risks and uncertainties that could cause the Company's actual operating and financial results to differ materially from those in such forward-looking statements. These forward-looking statements are made only as of the date of this press release, and Accrue undertakes no obligation to update them, whether as a result of new information, future events or otherwise. Accordingly, you should not place undue reliance on these forward-looking statements. Potential risks and uncertainties include, without limitation, the Company's limited operating history, history of losses, fluctuations in operating results, competition in the e-business analysis market, reliance on sales from a limited number of products for its revenue, reliance on expanding sales operations and distribution channels and potential difficulties associated with the integration of personnel, operations and products of Marketwave, NeoVista and Pilot with Accrue's personnel, operations and products. These and other risk factors are described in detail in the Company's Annual Report on Form 10-K/A for the year ended March 31, 2001, Proxy Statement Proxy Statement A document containing the information that a company is required by the SEC to provide to shareholders so they can make informed decisions about matters that will be brought up at an annual stockholder meeting. , for the Company's 2001 Annual Meeting of Stockholders, and in the Company's other filings, which are on file with the Securities and Exchange Commission (http://www.sec.gov). |
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