Celerity Systems Delisted By Nasdaq.KNOXVILLE, Tenn.--(BUSINESS WIRE)--Oct. 26, 1999-- Celerity ce·ler·i·ty n. Swiftness of action or motion; speed. See Synonyms at haste. [French célérité, from Old French, from Latin celerit Systems, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:CLRT CLRT Continuous Lateral Rotation Therapy CLRT Command Logistics Review Team CLRT Cranial Laser Release Technique ) today announced that they have been delisted from the Nasdaq SmallCap market. The Company is continuing to trade 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 CLRT, and will remain a public reporting company. More information on this matter is described in public filings by the Company. About Celerity Systems, Inc. Celerity Systems is a provider of advanced digital set top boxes and video servers for the interactive television and high speed Internet markets, with successful deployments in six countries. Celerity can also provide end-to-end systems through strategic relationships with leading companies including Nortel, Battelle Laboratories, Innovacom, Fore Systems, Minerva Systems, and Cisco. 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. Statement under 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: The statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the Company's filings with the Securities and Exchange Commission. In addition there can be no assurance that the proposed merger will be consummated. |
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