Carrier Access Regains Full Nasdaq Compliance.Business Editors/High-Tech Writers BOULDER, Colo.--(BUSINESS WIRE)--May 12, 2003 Carrier Access Corporation (Nasdaq:CACS CACS Center for Advanced Computer Studies CACS Computer Audit, Control and Security CACS Carrier Access Corporation (stock symbol) CACs Criteria Air Contaminants CACS Center for Alaskan Coastal Studies CACS Coronary Artery Calcium Scoring ), a manufacturer of broadband communications equipment, today announced that it was notified by the NASDAQ Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. on May 6, 2003, that the company had achieved compliance with the Nasdaq National Market's minimum closing price requirement for continued listing. Accordingly, Carrier Access' securities are no longer subject to delisting from the Nasdaq National Market. Based on a decision by the Nasdaq Listing Qualifications Panel dated March 26, 2003, Carrier Access had been required to evidence a closing bid price of at least $1.00 per share by June 24, 2003, and maintain that minimum per share closing price for the ten consecutive days immediately thereafter. About Carrier Access Carrier Access is an equipment manufacturer that helps more than 1,800 telecommunications companies and other end users accelerate revenue, lower operating costs, and extend capital budgets by applying high-performance broadband access and service creation technologies. Founded in 1992, Carrier Access serves global service providers, fixed wireless and wireless mobility service providers, independent operating companies, local exchange carriers, and government and other enterprise end users. Carrier Access's products are held to the highest possible reliability and interoperability standards, including OSMINE (Operations Systems Modification of Intelligent Network Elements) A system from Telcordia for verifying compatibility with Telcordia-designed operating systems. Telcordia, NEBS Level 3 and ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9001. For more information, visit www.carrieraccess.com. Forward-Looking Statement 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. Caution This press release contains forward-looking statements regarding our continued listing on the Nasdaq National Market. We caution that actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors including, but not limited to, our ability to implement our business plan, continuing uncertainty regarding general economic conditions, changes in capital spending capital spending Spending for long-term assets such as factories, equipment, machinery, and buildings that permits the production of more goods and services in future years. by carriers and telecommunications companies, a change in overall demand for our products, problems with or at our distributors and/or suppliers, changing market conditions and growth rates Growth Rates The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures. Notes: Remember, historically high growth rates don't always mean a high rate of growth looking into the future. within our industry, and other risks and uncertainties including those factors discussed in our Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 2002, and other documents periodically filed with the Securities and Exchange Commission. We disclaim any obligation or intention to revise or update any forward-looking statements, whether as a result of new information, future events, or otherwise. |
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