Centraxx Files Application for Nasdaq Listing.Business Editors/High-Tech Writers LAS VEGAS--(BUSINESS WIRE)--Jan. 27, 2000 Centraxx Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CNXX), a wireless data communications data communications, application of telecommunications technology to the problem of transmitting data, especially to, from, or between computers. In popular usage, it is said that data communications make it possible for one computer to "talk" with another. company, announced today that a Nasdaq SmallCap Market application has been submitted to 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. , Inc. The shares of Centraxx Inc. are currently being publicly traded through 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 symbol &uot;CNXX.&uot; Centraxx shares have been available for public trading since May 26, 1999. &uot;A Nasdaq listing is an important step for the company and its stockholders,&uot; stated Centraxx Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Michael Ivezic. &uot;It is expected to facilitate wider distribution of CNXX shares, enhance price stability and maximize shareholder value. A Nasdaq listing will also increase CNXX exposure to institutional investors Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. , research analysts and the financial community in general,&uot; he added. Centraxx Inc. is a wireless data communications company currently focusing on providing location technology solutions to the mass market. Centraxx has a patent pending RF land-based system that it intends to deploy in a network configuration in key markets across North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . Centraxx UNI-POINT(TM) technology is capable of providing high-speed, two-way data transfer and single point tracking and locating information. Over time, this proprietary, high capacity network will facilitate the wireless transfer of data for a wide range of products and applications. Centraxx will first introduce an automotive application, the AutoRescue(TM) vehicle tracking and recovery system with AutoRescue PLUS(TM) roadside and emergency notification service. This will be the world's first vehicle tracking system combining high accuracy, self-arming reliability and affordability. AutoRescue was unveiled to the public on December 9, 1999. The demonstration included a &uot;stolen car&uot; being tracked by the Centraxx system and apprehended by local police in less than five minutes. More information regarding Centraxx and its products and services can be found on the World Wide Web at www.centraxx.com. Forward-looking statements in this release are made pursuant to the &uot;safe harbor&uot; 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. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, acceptance of the Company's products, increased levels of competition, new products and technological changes, the Company's dependence upon third-party suppliers, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission. (The information in this release has been neither approved nor disapproved by any regulatory body.) |
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