Amedia's Stock Registration Declared Effective by the Securities and Exchange Commission.HOLMDEL, N.J. -- Amedia Networks, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AANI), a provider of Ethernet access solutions for the communications industry communications industry, broadly defined, the business of conveying information. Although communication by means of symbols and gestures dates to the beginning of human history, the term generally refers to mass communications. , today announced that the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. Securities and Exchange Commission declared Amedia's resale registration statement effective as of 5:30 PM on February 11, 2005. The resale registration statement, on Form SB-2 (File No. 333-120771), was filed in connection with Amedia's previously announced $5.25 million private placement of Series A Convertible Preferred Stock Convertible Preferred Stock Preferred stock that includes an option for the holder to convert the preferred shares into a fixed number of common shares, usually anytime after a predetermined date. Also known as "convertible preferred shares". and related warrants in August 2004 and primarily covers the common stock underlying these securities. Amedia will not receive any proceeds from any resale by the selling security holders of these registered shares of common stock. Selling stockholders included in the resale registration statement may obtain a copy of the prospectus relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc their shares of Amedia Common Stock by calling the Company's Investors Relations contact, listed below. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state. About Amedia Networks: Amedia designs, develops, and implements fiber-based Ethernet solutions for the broadband access See broadband and wireless broadband. market. The Company's solutions provide secure, high performance, scalable and reliable access, enabling network providers to offer high-speed data, video, and voice over Internet Protocol (VoIP) services in a highly cost effective manner. For more information about Amedia Networks please visit www.amedia.com. This press release may contain "forward-looking" statements as that term is defined in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. A number of factors could cause Amedia's actual results to differ from anticipated results expressed in such forward-looking statements. Such factors are addressed in Amedia's filings with the Securities and Exchange Commission (available at www.sec.gov). Amedia assumes no obligation to update any forward-looking statements. |
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