Coronado Industries to Begin Trading On Hamburg Stock Exchange.Business Editors and Health Writers FOUNTAIN HILLS, Ariz.--(BUSINESS WIRE)--March 2, 2000 Coronado Industries, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: CDIK), a manufacturer of proprietary pneumatic devices for the effective treatment of glaucoma glaucoma (glôkō`mə), ocular disorder characterized by pressure within the eyeball caused by an excessive amount of aqueous humor (the fluid substance filling the eyeball). , today announced that it will begin trading its common stock on the Hamburg Stock Exchange under its existing trading symbol Trading symbol See: Ticker symbol (CDIK) on March 10, 2000. On that date, all biotechnology companies Top 100 Biotechnology Companies The following is a list of the top 100 biotechnology companies ranked by revenue. The first nine companies qualify for the list of the top 50 pharmaceutical companies. trading on the German market will be centralized on the Hamburg Exchange. Coronado president, Gary Smith, commented, "The listing of our common stock on the Hamburg Exchange is the culmination of a concerted effort by many to move the Company into the European market. Over the past few months, our ability to meet face-to-face with members of the European medical and investment communities strengthened our application for listing on the Hamburg Exchange, while increasing interest in, and support of, our patented Pneumatic Trabeculoplasty device and treatment. We are particularly grateful to our German affiliate, WorldofInternet.com AG, for its assistance in advancing our presence in within the European community." Smith continued, "With interest in Pneumatic Trabeculoplasty (PNT PNT Point PNT Paint (MacPaint graphic file format) PNT Patient PNT Pentagon (Washington, DC; US DoD) PNT Positioning, Navigation and Timing PNT Prime Number Theorem PNT Phenytoin (tm)) increasing among medical professionals and the member countries of the European Parliament, the ability to offer our stock on a European exchange is crucial to achieving full commercialization of the device, and will serve as an impetus to our continuing efforts to obtain full FDA FDA abbr. Food and Drug Administration FDA, n.pr See Food and Drug Administration. FDA, n.pr the abbreviation for the Food and Drug Administration. approval in the United States." Coronado Industries, through its wholly-owned subsidiaries American Glaucoma and Opthalmic International, focuses on the development and testing of a patented procedure, Pneumatic Trabeculoplasty (PNT(tm)), a non-invasive, highly effective, and low-cost alternative to traditional treatments. Currently, the Company markets its pneumatic suction device and treatment throughout the European marketplace under a CE Mark (allowing manufacturers to freely sell their products) from the European Commission. Pending FDA approval, the Company will license its patented treatment procedure and equipment in the United States. 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 for the Company, new products and technological changes, the Company's dependence on third-party suppliers, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission. For additional information, see www.coronadoindustries.com or www.otcfn.com/cdik/4pg.html |
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