Base Ten Stock Transferred to OTC.Business Editors TRENTON Trenton, town, Canada Trenton, town (1991 pop. 16,908), SE Ont., Canada, on the Bay of Quinte at the mouth of the Trent River and at the south end of the Trent Canal. Its manufactures include textiles, electronic components, and paper and steel products. , N.J.--(BUSINESS WIRE)--Dec. 12, 2000 Base Ten Systems Inc. today announced that it has been advised by Nasdaq that its Class A common stock (Nasdaq:BASEA BASEA Boston Area Solar Energy Association ) is being delisted from the Nasdaq SmallCap Market, effective as of the opening of business today, for failure to meet its continued listing requirement for a minimum bid price of $1.00. As a result, the Class A common stock will be quoted on the 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. , starting today, under the trading symbol Trading symbol See: Ticker symbol "BASEA." Edward Edward killed his father at his mother’s instigation. [Br. Balladry: Edward in Benét, 302] See : Patricide J. Klinsport, chairman and chief executive officer of Base Ten, said "This development may have a negative impact on the liquidity and market price of our Class A common stock but is not expected to have any effect on the Company's financial position or performance. We are continuing to reduce our cost structure as we transition our operations from software development to contract manufacturing. We remain focused on rebuilding shareholder value and confidence." 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. Regarding Base Ten Systems The foregoing contains "forward-looking information" within the meaning 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. Such forward-looking statements may be identified by such forward-looking terminology as "may," "will," "believe," "anticipate," "expect," or similar words or variations thereof. Such forward-looking statements involve certain significant risks and uncertainties. Important factors that Base Ten believes may cause actual results to differ materially from such forward-looking statements are discussed in the "Risk Factors," "Business" and "MD&A" sections of the company's current S-3 registration statements and annual and quarterly reports on file with the Securities and Exchange Commission. In assessing such forward-looking statements, investors are urged to read carefully those reports and other filings. Base Ten does not undertake to publicly update or revise its forward-looking statements, even if experience or future changes indicate that any such results or event (expressed or implied) will not be realized. |
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