American Surface Technologies Announcement.Business Editors SCOTTSDALE, Ariz.--(BUSINESS WIRE)--April 24, 2000 American Surface Technologies (Pink Sheets:SURF surf: see wave, in oceanography; beach. ) announces the following: To further clarify the previous press release dated April 20, 2000, the company began trading on the National Quotation Bureau's `Pink Sheets' on April 19, 2000. Pursuant to recent changes, 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 OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. companies must now meet certain qualifications. In order to qualify, the company is required to file certain information with the Securities and Exchange Commission (SEC) in order to become a fully reporting company with the SEC. Unfortunately the company, prior to the new management regime, failed to file this information before the deadline imposed by the NASDAQ OTC Bulletin Board. The information the company plans to file will be subject to review by the SEC. The current management is committed to work diligently dil·i·gent adj. Marked by persevering, painstaking effort. See Synonyms at busy. [Middle English, from Old French, from Latin d towards becoming a fully reporting company and again being eligible to become listed on the OTC Bulletin Board. The company will keep shareholders informed of its progress. Forward looking statements and comments in this press release 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 Securities and Exchange Act of 1934. Such statements relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc , among other things, the prospects for the company to complete its filings for the SEC, are necessarily subject to risks and uncertainties, some of which are significant in scope and nature, including but not limited to the company's ability to become a fully reporting company with the SEC and the company's ability to qualify for listing on the NASDAQ OTC Bulletin Board. These risks may be further discussed in the periodic reports and registration statements to be filed by the company from time to time with the Securities and Exchange Commission in the future. |
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