ConMat Technologies Inc. Reports Temporary Ticker Symbol Change.Business Editors PHOENIXVILLE, Pa.--(BUSINESS WIRE)--April 25, 2001 ConMat Technologies Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CNMT CNMT Certified Neuromuscular Therapist CNMT Certified Nuclear Medicine Technologist CNMT Certified Network Maintenance Training ), a materials technology company with a focus on custom-engineered plastics and composite materials, today announced that its trading symbol Trading symbol See: Ticker symbol on the OTCBB has changed temporarily to CNMTE. The company has experienced a delay in filing its annual report on Form 10-KSB with the Securities and Exchange Commission. As a result of this delay, the regulators of 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. placed an "e" at the end of the company's ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors . The "e" will be removed once the company has completed filing its Form 10-KSB. Paul DeJuliis, chairman and chief executive officer of ConMat Technologies, commented, "Unfortunately, due to delays in accumulating all the information necessary to complete our financial statements, we are late in filing our Form 10-KSB. Although we have until May 2 to file our 10-KSB, which will correct our trading symbol, we expect to be filed by the end of this week." About ConMat Technologies ConMat Technologies is an e-business platform designed to facilitate the conversion of its portfolio of products into fully integrated e-business operations through the application of digital technologies. ConMat's wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , the Polychem Corp., is engaged in the development and manufacture of proprietary custom-engineered plastics and composite products for industrial end users with a special emphasis on the wastewater treatment marketplace. Further information about ConMat and its subsidiary can be obtained via current and past reports on forms 10-KSB and 10-QSB, as well as the company's Web sites, which can be found at http://www.conmattech.com and http://www.polychemcorp.com. This release, other than historical information, consists of forward-looking statements 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. that involve risks and uncertainties, such as the development and introduction of new products and the acceptance of those new products in the marketplace. Readers are referred to the documents filed by ConMat with the SEC, specifically the company's current and past reports on forms 10-QSB and 10-KSB that identify important risk factors that could cause actual results to differ materially from those contained in the forward-looking statements. ConMat and its subsidiary disclaim any intent or obligation to update these forward-looking statements. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion