Conolog Responds to Shareholder Inquiries.Business/Technology Editors SOMERVILLE, N.J.--(BUSINESS WIRE)--Sept. 27, 2000 Conolog Corporation (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 : CNLG, CNLGW) in response to a number of shareholder inquiries, announced today that the inclusion in this year's Shareholder Meeting Proxy Statement Proxy Statement A document containing the information that a company is required by the SEC to provide to shareholders so they can make informed decisions about matters that will be brought up at an annual stockholder meeting. of an amendment to the Company's Certificate of Incorporation certificate of incorporation n. some states issue a certificate to prove a corporation's existence upon the filing of Articles of Incorporation. In most states the Articles are sufficient proof. to give effect to a one-for-four reverse stock split of its Common Stock does not necessarily signify or imply that such a split will, in fact, occur. The inclusion of the amendment as an item to be voted upon at the meeting is a precaution the Company's Board of Directors would like to set in place. Such an amendment would enable the Company to move quickly to permit its Common Stock to continue trading on Nasdaq and to prevent the marketplace from arbitrarily impacting the Company's listing status. Conolog President Robert Benou commented, "Today, companies need to be proactive in protecting themselves and their shareholders from the volatility of today's marketplace. That was our sole intention, in adding this item to our agenda." Conolog Corporation provides engineering and design services, technical personnel placement, and computer maintenance services. The Company's INIVEN division manufactures a line of digital signal processing See DSP. Digital Signal Processing - (DSP) Computer manipulation of analog signals (commonly sound or image) which have been converted to digital form (sampled). systems, including transmitters, receivers and multiplexers. Forward-looking statements in this release are made pursuant to the "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. " 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, continued acceptance of the Company's products, increased levels of competition, new products introduced by competitors, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission. |
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