American Digital Communications Inc. Clarification of Late Filing of Form 10-KSB.NEW YORK--(BUSINESS WIRE)--June 3, 1999-- On June 1, 1999, American Digital Communications Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:ADCM ADCM Assistant Division Commander Maneuver ADCM Associate Director for Chemistry and Materials ADCM Activation-Decision-Construction Model ADCM Archbishop's Diploma in Church Music ADCM Assistant Division Commander for Manpower ADCM Absolute Deviation from Class Median ) filed for an extension period in which to file SEC Form 10-KSB, for the year ended February 28, 1999, under Rule 12b-25. The delay was caused by not finalizing parts of form 10-KSB by June 1, 1999 and other material information related to subsequent events. Rule 12b-25 provides for a 15 day grace period. American Digital Communications Inc. anticipates that the form 10-KSB will be filed within the grace period. ADCM delivers high quality live horseracing video to subscribers throughout North America. This release contains forward-looking statements, which are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of 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. Investors are cautioned that all forward-looking statements involve risk and uncertainties. |
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