Cardxx Announces Filing of Form 10-SB With SEC and Change of Ticker Symbol.Business Editors WINDSOR, Colo.--(BUSINESS WIRE)--April 26, 2000 Cardxx, Inc. (CXCQ) a leading smartcard manufacturer, today announced that it has filed its Form 10-SB Registration Statement with the Securities and Exchange Commission seeking to make the Company eligible for full reporting status. When declared effective, this statement will register the Company's stock under the Securities Exchange Act of 1934. Following the effective date of this registration statement, Cardxx will be required to comply with the reporting requirements of the Securities and Exchange Act of 1934 and will file annual, quarterly, and other reports with the SEC. The Company will answer all comments received from the SEC in a timely manner as to expedite ex·pe·dite tr.v. ex·pe·dit·ed, ex·pe·dit·ing, ex·pe·dites 1. To speed up the progress of; accelerate. 2. an effective status of its registration statement. Cardxx, Inc. is looking forward to becoming a full reporting company and regaining re·gain tr.v. re·gained, re·gain·ing, re·gains 1. To recover possession of; get back again: regain one's strength. See Synonyms at recover. 2. its listing 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. . The Company's shares are currently traded in the "Pink Sheets" under the new ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors CXCQ. The last sale in the Company's shares as of April 14, 2000 was $1.25 per share. About Cardxx Cardxx manufactures contacted and contactless smartcards and tags utilizing a proprietary break-through process that securely encapsulates an integrated circuit integrated circuit (IC), electronic circuit built on a semiconductor substrate, usually one of single-crystal silicon. The circuit, often called a chip, is packaged in a hermetically sealed case or a nonhermetic plastic capsule, with leads extending from it for within a plastic card. In addition, the Company supplies and licenses its proprietary technology to current card manufacturers and systems integrators An individual or organization that builds systems from a variety of diverse components. With increasing complexity of technology, more customers want complete solutions to information problems, requiring hardware, software and networking expertise in a multivendor environment. . |
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