Applied Computer and Communication Technologies Inc. common stock is listed on NASD OTC Bulletin Board.COLUMBIA, Md.--(BUSINESS WIRE)--Aug. 7, 1995--Applied Computer and Communication Technologies Inc., a pioneer in the development of state-of-the-art computer networking products for government and industry, Monday announced that its common stock has been listed for trading on the NASD's 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. under the symbol ACTX ACTX Active X . This means that quotations for ACTX's common stock are now immediately available on the more than 200,000 Level II and Level III 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 terminals and other electronic quotation machines in brokerage firms, banks and other financial institutions around the world. Operated by the NASDAQ Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. Inc., the NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). OTC Bulletin Board is the market of choice for the U.S. listing of many multinational corporations, as well as for the trading of smaller companies' shares. Among the major corporations with one or more classes of securities which trade there are: BASF AG, Bank of New York The Bank of New York, abbrieviated to BNY, was a global financial services company that existed until its merger with the Mellon Financial Corporation on July 2, 2007.[1] The bank now continues under the new name of The Bank of New York Mellon Corporation. , Commerzbank AG, Con Edison of New York, Deutsche Bank AG, Dr. Pepper/Seven Up Corp., Dow Jones & Co. Inc., Euro Disney SCA, Eurotunnel PLC, Federated Connected and treated as one. See federated database and federated directories. Department Stores, Florida Power & Light, General Electric PLC, General Motors Corp., Inland Steel Corp., Kaiser Aluminum, Mannesmann AG, Nestle SA, Nintendo Co. Ltd., Nippon Steel Corp., Peugot-Citroen, Siemens, Sumitomo Industries and Volkswagen AG. Asked about the impact of this new listing upon the trading market for the company's securities and its plans for future growth, ACTX Chairman Roland F. Bryan replied: "Applied Computer and Communication Technologies Inc. is engaged in one of the world's fastest-growing industries -- developing the equipment and software that medium-sized and large corporations need to connect to national and international computer communications networks. "As we continue to develop our business domestically and begin to achieve significant penetration in key overseas markets, we expect the availability of electronic quotations for ACTX's stock to improve the visibility of the company, and to provide a more liquid secondary market for our shareholders. We also expect this to enhance our access to capital markets both in the United States and abroad." Applied Computer and Communication Technologies is engaged in the business of developing and marketing 10 proprietary products to medium and large corporate users of national and international computer communications networks. Many of the company's products, initially developed for military applications, are in use by major customers like Hughes Network Systems Hughes Network Systems, LLC (HNS), is a provider of broadband satellite network products for businesses and consumers. HNS pioneered the development of high-speed satellite Internet access services and IP-based networks with its original DirecPC service but which it now markets , McDonnell Douglas, Jet Propulsion Laboratory “JPL” redirects here. For other uses, see JPL (disambiguation). Jet Propulsion Laboratory (JPL) is a NASA research center located in the cities of Pasadena and La Cañada Flintridge, near Los Angeles, California, USA. , GTE, Rockwell Corp., Reuters and the Federal Aviation Administration Federal Aviation Administration (FAA), component of the U.S. Department of Transportation that sets standards for the air-worthiness of all civilian aircraft, inspects and licenses them, and regulates civilian and military air traffic through its air traffic control . Commercial sales, about $4.5 million last year, are expected to exceed $7 million in fiscal 1996. With headquarters in Columbia, Md., where its manufacturing facilities are also located, ACTX also operates a West Coast office in Santa Barbara, Calif., for sales and product development. Because of the highly international nature of the computer industry, the company is in the process of lining up strategic partners as well as representatives and distributors throughout the world. For further information or a free press or investor information kit, contact: Richard Rodgers, Financial Technology Research Corp., 800/334-2800, 212/737-0200 fax. CONTACT: Financial Technology Research Corp. Richard Rodgers, 800/334-2800, 212/737-0200 (fax) |
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