Bright Station Plc Issues Statement Regarding Recent Press Comment, Update On Financing Discussions.Business Editors LONDON--(BUSINESS WIRE)--May 3, 2001 In light of recent press comment regarding Bright Station's (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 :BSTN; LSE LSE - Language Sensitive Editor :BSN BSN abbr. Bachelor of Science in Nursing ) current available cash position, following its announcement of April 30, 2001, the Board wishes to make the following clarification with regard to its current cash position. As at April 30, 2001, Bright Station had available cash of (pound)2.9m, and as previously stated, the Board is taking radical action that will significantly reduce anticipated operational cash outflows during the remainder of the second quarter. Discussions regarding additional financing for the Group continue to progress, with additional opportunities having emerged since the announcement on April 30. Based on the current status of these discussions the Board remains confident that additional finance will be made available to the Group. This news announcement may contain 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. within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which are subject 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. " created by those sections. The forward-looking statements can be identified by terminology such as "may," "will," "expect," "intend," "estimate," "anticipate," "inevitable," "believe" or "continue" or variations thereon there·on adv. 1. On or upon this, that, or it. 2. Archaic Following that immediately; thereupon. Adv. 1. thereon - on that; "text and commentary thereon" on it, on that , and include, among others, the launch dates of the Company's products noted above. The Company's actual results could differ materially from those discussed in the forward-looking statements as a result of certain factors, including, among others, those set forth under the caption "Risk Factors" in the Company's most recent Report on Form 20-F or generally in the Company's Reports on Form 6-K. The Company disclaims any obligation to update these forward-looking statements as a result of subsequent events. |
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