CTI Files NASDAQ Large Cap Application.Business Editors LAYTON, Utah--(BUSINESS WIRE)-- March 30, 2000 Today, Computerized Thermal Imaging, Inc.(CTI (Computer Telephone Integration) Combining data with voice systems in order to enhance telephone services. For example, automatic number identification (ANI) allows a caller's records to be retrieved from the database while the call is routed to the appropriate party. ) (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: COII) announced that it has filed its application to move from 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. (SM) to the Nasdaq National Market, bypassing the Nasdaq Smallcap Market Listing. "A Nasdaq National Market listing will enable us to fulfill our mission that much quicker," stated David Packer, company president. "It confirms CTI's maturity and provides much broader exposure to additional investors ensuring continued rapid growth. I expect our application to be processed quickly since we are more than qualified by all criteria, including net tangible assets Net Tangible Assets Calculated as the total assets of a company, minus any intangible assets such as goodwill, patents and trademarks, less all liabilities and the par value of preferred stock. Also known as "net asset value" or "book value". , market capitalization, bid price and corporate governance standards." CTI is seeking FDA FDA abbr. Food and Drug Administration FDA, n.pr See Food and Drug Administration. FDA, n.pr the abbreviation for the Food and Drug Administration. approval for the use of the Computerized Thermal Imaging System as an adjunctive diagnostic test to the mammogram mammogram /mam·mo·gram/ (mam´o-gram) a radiograph of the breast. mam·mo·gram n. An x-ray image of the breast produced by mammography. and clinical examination for the detection of breast cancer. The test is simple, painless and involves no radiation, breast compression, electrodes, electrical current or skin contact. CTI also recently announced new occupational medicine applications for its technology. Computerized Thermal Imaging, Inc. is in business to improve the quality of life through superior diagnostics. More information about CTI can be found on the Internet at www.cti-net.com or by calling CTI Public Affairs at 801/926-1113. Except for historical information contained herein, the matters discussed in this news release are forward-looking statements that involve risks and uncertainties. The forward-looking statements are made pursuant to the safe harbor provisions 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. In addition to the factors set forth above, other important factors that could cause actual results to differ materially include, but are not limited to, technical risks associated with new technology development, government regulatory approvals or continued working capital. Additional information concerning factors that could cause actual results to differ materially from those in the forward-looking statements is contained from time to time in the Company's SEC filings. Copies of these filings may be obtained by contacting the Company or the SEC. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion