Communication Intelligence Corporation Announces Additional Steps to Help Achieve Fourth Quarter Profitability.REDWOOD SHORES, Calif.--(BUSINESS WIRE)--Sept. 11, 1998-- Communication Intelligence Corporation (CIC CIC circulating immune complexes. CIC Circulating immune complexes. See Immune complexes. )(NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CICI CICI Cochlear Implant Club International ) announced today that it has taken additional steps to comply with the mandate of its board of Directors to become profitable and cash flow positive in the fourth quarter of 1998. Towards this end, operating responsibility for the Company and CIC China now has been consolidated under the Company's president, Guido DiGregorio. Under his leadership, the Company is continuing to focus its resources on the generation of revenues through software sales and the reduction of operating costs operating costs npl → gastos mpl operacionales and hopes to achieve its mandated goal. The Company also announced today that James Dao, a director of the Company, recently sold approximately 1.2 million shares of the Company's common stock. Mr. Dao has agreed with the Company not to sell any additional shares of the Company's common stock during 1998. Trusts of which Philip S. Sassower, the Company's Chairman of the Board, serves as trustee have continued to purchase shares of the Company's common stock. Certain statements contained in this press release, including without limitation, statements containing the words "believes", "anticipates", "may", "intends", "expects" and words of similar import, constitute "forward-looking" statements within the meaning of the Private Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Reform Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors which may cause actual Company results to differ materially from expectations. Such factors include the following: (1) technological, engineering, manufacturing, quality control or other circumstances which could delay the sale or shipment of the Company's products; (2) economic, business and competitive conditions in the software industry and technological innovations which could affect the Company's business; and (3) the Company's ability to protect its trade secrets or other proprietary rights, operate without infringing upon the proprietary rights of others and prevent others from infringing on the proprietary rights of the Company. The Company About CIC Communication Intelligence Corporation (CIC) develops, markets, and licenses software products based on proprietary pattern recognition technologies. Founded in 1981, CIC is a leading supplier of pen computing See gesture recognition and tablet PC. technologies to hardware manufacturers. The Company's core technologies include multilingual handwriting recognition Handwriting recognition is the ability of a computer to receive intelligible handwritten input. The image of the written text may be sensed "off line" from a piece of paper by optical scanning (optical character recognition). and dynamic signature verification software. CIC's products are designed to increase the ease of use, functionality, and security of electronic devices ranging from PC peripherals to smart cellular phones. The Company's handwriting recognition software supports the US, Europe, and Asia markets. CIC is headquartered in Redwood Shores, California Redwood Shores is an upscale and desirable [1] waterfront neighborhood on the San Francisco Peninsula in California. It is located on the eastern edge of Belmont, but is actually part of incorporated Redwood City. and has a subsidiary, CICC CICC Custom Integrated Circuits Conference CICC Center for the Improvement of Child Caring (Studio City, CA) CICC China International Capital Corp. , in Nanjing, China. CIC's common stock is listed on the Nasdaq Small Cap Market under the symbol CICI. For more information about CIC and its products please visit our website at http://www.cic.com.
CONTACT: Communication Intelligence Corp.
Philip Sassower, 212/759-1909
psassower@cic.com
http://www.cic.com
|
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion