American Multiplexer Corp Announces That Trading of Its Stock Has Been Temporarily Suspended by the SEC for Failing to Make Timely Filings.SUNNYVALE, Calif. -- The Temporary Suspension is for a Period of Two Weeks American Multiplexer Corp (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :AMUT AMUT Advanced Manpack UHF Terminal ) announces that the Securities and Exchange Commission has temporarily suspended the trading of its stock for a period of two weeks starting today at 9:30 a.m. The suspension is for failing to submit their quarterly and or annual filings on a timely basis. AMUT was included with a group 25 other companies whose trading was also suspended. American Multiplexer Corp wishes to inform their stock holders that they are already in the process completing their filings for the years 2000, 2001, 2002 and 2003. The Company has engaged an attorney and is in the process of engaging a public accounting firm to complete the required audits and filings. It is the Company's goal to complete and submit any filings as expeditiously ex·pe·di·tious adj. Acting or done with speed and efficiency. See Synonyms at fast1. ex as possible and be in compliance. Mr. Edward Tan, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of AMC (Advanced Mezzanine Card) See AdvancedTCA. said, "The suspension of trading is only a regulatory issue and there are no issues regarding the health and viability of the company. We will do everything required to be in compliance as quickly as possible." About eFotoXpress eFotoXpress is a software utility that uses wavelet compression A lossy compression method used for color images and video. Instead of compressing small blocks of 8x8 pixels (64 bits) as in JPEG and MPEG, the wavelet algorithms compress the entire image with ratios of up to 300:1 for color and 50:1 for gray scale. technology and the new JPEG JPEG in full Joint Photographic Experts Group Standard computer file format for storing graphic images in a compressed form for general use. JPEG images are compressed using a mathematical algorithm. 2000 standard to easily compress very large images so that they may be sent by e-mail without any loss in quality. eFotoXpress is the first product that uses the new JPEG2000 standard so that compressed images may be sent via e-mail. New eFotoXpress features include talking slide show and text images and choices of print sizes. A large 80m image can easily be compressed to 80K without loss of quality. The eFotoXpress product is an easy-to-use photo utility that compresses images with highest possible efficiency. The digital images can be sent to many different recipients with one click of a button. This product is designed to compress any high-resolution JPEG images from different digital cameras, scanners and camcorders. eFotoXpress works with many email utilities, such as Microsoft Outlook, Yahoo, and Hotmail. This utility will allow digital camera users to send more digital pictures over the Internet at a greater speed through the use of highly integrated compression technologies. About AMC Located in Sunnyvale, California, AMC (a publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. ) is a major leader in developing JPEG2000 consumer products. The company continues to invest its resources in the compression technology that addresses the digital camera market. Visit us at www.amux.com. 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. Statement This announcement contains forward-looking statements. These statements are based on current plans, estimates and projections and contain risks. Do not place reliance on them. Other factors can change these forward-looking statements and may lead to potential risks and total losses. Consult your investment advisors before making any investment in the stocks. The company is not responsible for any inaccuracies. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion