Bridge Technology, Inc. Receives Nasdaq 180 Day Extension To Regain Compliance.Business Editors & High-Tech Writers GARDEN GROVE Garden Grove, city (1990 pop. 143,050), Orange co., S Calif., a suburb of Long Beach and Los Angeles, on the Santa Ana River; founded 1877, inc. 1956. Many of its residents work in nearby aerospace and defense installations, and there is light manufacturing. , Calif.--(BUSINESS WIRE)--Aug. 29, 2002 Bridge Technology, Inc. (Nasdaq:BRDG BRDG Bridge ), a power electronics and channel distribution company, reports receipt of a formal extension of 180 days to regain compliance under Market Rule 4310 (c)(8)(d) to maintain its minimum share price of $1.00 per share. The Company expects to reflect progress in its business activities over the next six months including restructuring, refinancing, and the settling of all outstanding lawsuits. Management continues to be confident that our growth in China will continue. Domestic market losses are expected to be curtailed by year-end. Mr. John T. Gauthier, CFO See Chief Financial Officer. , stated that, "Hopefully as we improve our earnings picture, we should receive more acceptance in the marketplace for our common stock." About Bridge Technology, Inc. Bridge Technology, Inc. is essentially a "time-to-market" power electronics and channel electronics marketing company with subsidiaries 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. , Japan, Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. , and China. Information on Bridge Technology, Inc. is presently being updated on our website at www.bridgeus.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 under 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: The statements contained in this release, which are not historical facts, may be deemed to contain forward-looking statements including, but not limited to, deployment of new services, growth of the customer base, and growth of the service area, among other items. Actual results may differ materially from those anticipated in any forward-looking statement with regard to magnitude, timing, or other factors. Deviation may result from risk and uncertainties, including, without limitation, the company's dependence on third parties, market conditions for the sale of services, technical factors affecting networks, availability of capital, and other risks and uncertainties. The company disclaims any obligation to update information contained in any forward-looking statement. |
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