Cover-All Technologies Inc. Receives Allocation of State Net Operating Loss Carryovers Approved for Sale.Business Editors/High-Tech Writers FAIR LAWN Fair Lawn, borough (1990 pop. 30,548), Bergen co., NE N.J., across the Passaic River from Paterson; inc. 1924. It is residential with light industries. , N.J.--(BUSINESS WIRE)--Dec. 1, 2000 Cover-All Technologies Inc. (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. - COVR.OB and PHLX-CVA) received allocation of New Jersey net operating loss operating loss The excess of operating expenses over revenue. As with operating income, operating losses exclude revenues and expenses from operations that are not considered a regular part of the business. Also called deficit. Compare operating income. carryovers previously approved for sale by the State of New Jersey. As part of a program offered by the State of New Jersey, the Company has been approved to sell net operating loss carryovers, and based on the final allocation and expected sale should net cash proceeds in excess of $450,000 in the fourth quarter of 2000. Utilizing the latest thin client and relational database technology, Cover-All Technologies Inc. specializes in providing internet-enabled strategic policy and premium software solutions to the property and casualty insurance industry. Cover-All is based in Fair Lawn, New Jersey Fair Lawn is a borough in Bergen County, New Jersey, United States. As of the United States 2000 Census, the borough population was 31,637. As of 2006, the Census Bureau estimate a population of 31,246. . More information may be obtained from the Company's web site at www.cover-all.com. Statements in this press release, other than statements of historical information, are forward-looking statements that 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. Forward-looking statements involve known and unknown risks which may cause the Company's actual results in future periods to differ materially from expected results. Those risks include, among others, risk associated with increased competition, customer decisions, delays in productivity programs and new product introductions, and other business factors beyond the Company's control. Those and other risks are described in the Company's filings with the Securities and Exchange Commission ("SEC") over the last 12 months, copies of which are available from the SEC or may be obtained upon request from the Company. |
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