COMC Inc. Completes Delaware Reincorporation.Business Editors SAN FRANCISCO--(BUSINESS WIRE)--Jan. 11, 2001 COMC Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :CINJ) today announced that it had completed the process to reincorporate COMC as a Delaware corporation. The reincorporation, which was approved by more than two-thirds of COMC's shareholders at COMC's annual meeting in November, has a number of advantages for COMC: the Delaware legislature is responsive to business needs of corporations and acts quickly to enact relevant new laws; Delaware has extensive case law on corporate issues, thereby providing corporations with more certainty about the application of laws in specific circumstances; Delaware state courts that specialize in corporate law have developed an expertise in dealing with corporate issues; and Delaware has developed a sharper definition of director responsibilities so that boards may act with greater certainty on issues affecting shareholders. COMC is the parent company of ICF (Internet Connection Firewall) The built-in firewall in Windows XP. It provides a stateful inspection of packets which accepts only responses to requests originated by the user. Communication Solutions Inc., and is a technology service company in the telecommunications industry with a rapidly expanding national geographic service coverage area. Through its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. ICF, COMC designs, implements, supports and manages LAN/WAN LAN/WAN Local Area Network/Wide Area Network computer network systems, voice communication network systems and premise wiring for both data and voice. COMC's common stock is currently included for quotation 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. under the symbol CINJ. |
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