Computone Corp. approved for relisting on NASDAQ.ROSWELL, Ga.--(BUSINESS WIRE)--Nov. 21, 1994--Computone Corp. (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 :CMPT), a leading U.S. designer and manufacturer of multi-user hardware and software, today announced that it has received conditional approval from the National Association of Securities Dealers National Association of Securities Dealers (NASD) Nonprofit organization formed under the joint sponsorship of the investment bankers' conference and the SEC to comply with the Maloney Act, which provides for the regulation of the OTC market. (NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). ) for relisting on the NASDAQ Small-Cap issues exchange. The company will be traded under the symbol "CMPT" beginning, Wednesday, Nov. 23, 1994. Thomas J. Anderson This article is about the author. For the composer, see T. J. Anderson. Thomas Jefferson Anderson ( November 10, 1910 - August 31 2001) was a conservative author, farmer, and candidate for the U.S. presidency. , president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of Computone, stated that: "We have achieved another major milestone. Over the past two years, we have moved aggressively to eliminate inherited debt and increase profit margins. "We have and will continue to attribute this success to our dedicated and enthusiastic employees, our loyal customers, and our suppliers. And we look forward to maximizing our ongoing investment in new product technologies." Anderson also stated that Computone's outstanding turnaround was, in part, due to increased demand for its mainstream "IntelliPort II" line of expandable multi-user products. In addition, the "IntelliServer" Ethernet communications server has quickly gained popularity as a LAN-connected or standalone INTERNET access device, capable of connecting local area networks to any part of the globe. In October, an enhanced release of the IntelliServer was introduced, making it the world's fastest and most powerful asynchronous communications server See ACS. for TCP/IP TCP/IP in full Transmission Control Protocol/Internet Protocol Standard Internet communications protocols that allow digital computers to communicate over long distances. local area networks (LANs). Computone experienced its highest trade show attendance ever at last week's COMDEX The former, premier computer trade show in the U.S. Although it grew into an end user event, it was originally created for dealers and distributors (it was the COMputer Dealers EXposition). Fall '94 in Las Vegas. Visitors to Computone's exhibit were very enthusiastic about the outstanding technical features and capabilities of the products on display. Computone recently completed its seventh consecutive profitable quarter since undergoing a comprehensive management change in late 1992. To meet its projected growth, the company secured a working capital line of credit with NationsBank. Celebrating its tenth anniversary, Computone produces a wide range of hardware and software connectivity products for wide-area networks (WANs), local area networks (LANs), and multi-user computer systems. Computone was recently awarded Arthur Andersen's prestigious "Fast Tech 50" award for the second consecutive year. CONTACT: Computone Corp., Roswell
Donna Medford, 404/475-2725, ext. 278
404/664-1410 (fax)
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