Accrue Software Announces Transfer of Stock Listing to NASDAQ SmallCap Market.Business Editors/High-Tech Writers FREMONT, Calif.--(BUSINESS WIRE)--May 20, 2002 Accrue(R) 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 announced NASDAQ approval of its application to have its common stock traded on the NASDAQ SmallCap Market. This transfer will be effective at the opening of business on Tuesday, May 21, 2002. The Company's common stock will continue to trade under the symbol ACRU on the Nasdaq SmallCap Market. The Company was notified that it did not comply with the requirements for continued listing on NASDAQ's National Market System. "Rather than pursue the appeals process to seek continued listing on the National Market System at this time, we decided to apply voluntarily for trading on the SmallCap Market. This allows us to maintain our focus and devote our resources to achieving our near term business objectives, which is a key to qualifying for a return to listing on the NASDAQ's National Market System. We believe the transfer to the SmallCap Market is in the best interests of our shareholders as it will better protect the trading continuity of the stock as we pursue these business objectives," said Jonathan D. Becher, Interim President and Chief Executive Officer of Accrue Software. About Accrue Software Accrue Software is a leading provider of enterprise-level analytic solutions that help companies understand, predict, and respond to Internet customer behavior. Accrue's products enable companies to increase the effectiveness of Internet marketing See Internet advertising. and merchandising initiatives, better manage customer interactions across multiple channels, and streamline business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets . With Accrue's solutions, companies transform volumes of complex Internet data into actionable information that executives and managers use to drive key business decisions and improve the return on their Internet investment. Accrue has more than 600 customers, including industry leaders such as Citigroup, 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 & Company, Eastman Kodak, Lands' End
LYCOS Europe is a pan-European network of websites, offering a broad variety of content channels and online services, e.g. communication tools & communities, websearch, e-commerce, webhosting, homepagebuilding and Internet access. , and Deutsche Telekom Deutsche Telekom AG (ISIN: DE0005557508, FWB: DTE, NYSE: DT, LSE: DEU, TYO: 9496 ) (abbreviated DTAG) is a telecommunications company headquartered in Bonn, Germany. It is the largest telecommunications company in Germany and in the EU. . Accrue Software was founded in 1996 and is headquartered in Fremont, Calif., with international headquarters in Cologne, Germany. Accrue Software can be reached at 1-888-4ACCRUE or 510-580-4500 and at www.accrue.com. Accrue is a trademark of Accrue Software, Inc. All other trademarks are the sole property of their respective owners. Except for the historical information contained herein, the matters discussed in the news release are 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. that involve risks and uncertainties that could cause actual results, future revenues or earnings 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 or revise the projections of revenue and earnings, or the other forward-looking statements, whether as a result of new information, future events or otherwise. Accordingly, you should not place undue reliance on these projections of future revenue and earnings, and other forward-looking statements. Such risks and uncertainties include, but are not limited to the Company's inability to satisfy the continued 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. for its common stock on the Nasdaq SmallCap Market or to accomplish a return to listing as a Nasdaq National Market security and general economic conditions. These and other risk factors are described in detail in the Company's Registration Statement on Form S-1, 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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