American Electromedics Applies for NASDAQ Listing.AMHERST, N.H.--(BW HealthWire)--May 28, 1998--AMERICAN ELECTROMEDICS CORP. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AMER AMER American AMER Asociación Mexicana de Estaciones Radiodifusoras ), and its President, Michael T. Pieniazek, announced today that it has submitted its application for 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 listing. Mr. Pieniazek commented, "Achieving NASDAQ listing obviously is an important goal and milestone for the company. Given our ambitious acquisition and growth objectives, it will be imperative that our stock attract analysts, bankers, institutions, media coverage and the brokerage community. The upgraded listing will be one of the essential ingredients needed to achieve this." American Electromedics Corp. develops, manufactures and markets intraoral dental cameras, related dental products and systems, and diagnostic audiometric au·di·om·e·ter n. An instrument for measuring hearing activity for pure tones of normally audible frequencies. Also called sonometer. au medical devices in 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. and worldwide. Under the proven leadership of its new management team, the company has initiated an aggressive acquisition strategy to complement the existing core business. The remarks contained in this press release and presented elsewhere by management from time to time contain 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. which are based largely on the company's expectations and are subject to various business risks and uncertainties, certain of which are beyond the company's control. Actual results may differ materially from the results discussed in this press release or in other forward-looking statements presented by management as a result of such risks. In light of these risks and uncertainties, there can be no assurance that the forward-looking statements contained herein will in fact transpire or prove to be accurate. Among the factors that could cause actual results to differ materially include failure of revenue on new products to develop as estimated, regulatory delays, loss of existing customers, the ability to raise additional funds on terms favorable fa·vor·a·ble adj. 1. Advantageous; helpful: favorable winds. 2. Encouraging; propitious: a favorable diagnosis. 3. to the company, general downward trends in the company's industry, changes in foreign economic conditions or currency fluctuations and other risk factors detailed from time to time in the company's reports filed with the SEC.
CONTACT: American Electromedics Corp.
Michael T. Pieniazek, 603/880-6300
OR
Liviakis Financial Communications
John M. Liviakis, 916/448-6084
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