DOCdata NV Has Elected to Voluntarily Delist From the NASDAQ Stock Market.Business Editors VUGHT, The Netherlands--(BUSINESS WIRE)--Nov. 22, 2000 DOCdata N.V. (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 :DOCD DOCD Development Operations Coordination Document )(AEX AEX See: Amsterdam Exchange :DOCD) has elected to voluntarily delist from the NASDAQ Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. on which common shares of the Company are traded under the symbol DOCD. This decision was reached as a result of the small number of record holders of the ordinary shares in the United States, the limited trading volume Trading volume The number of shares transacted every day. As there is a seller for every buyer, one can think of the trading volume as half of the number of shares transacted. That is, if A sells 100 shares to B, the volume is 100 shares. and ownership of DOCdata shares on NASDAQ and the relatively high costs of continuing to be a reporting company under the US securities laws. The delisting is expected to occur as soon as practicable. From the IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. in 1997 the Amsterdam Stock Exchange
The Amsterdam Stock Exchange is the former name for the stock exchange based in Amsterdam. (Euronext) has always been the primary market for trading in shares of the Company and removing the US listing on the NASDAQ Stock Market should be seen against that background. The management of DOCdata believes that the discontinuation of the US listing will not have a negative effect on the longterm success of the business and the appreciation of the stockholder value. DOCdata is a leading independent provider of supply chain management services to content owners: audio, multimedia and software publishers with facilities in The Netherlands, France, Germany, United Kingdom and the United States. DOCdata provides e-commerce fulfillment services to webshops, retail chains, direct marketing and Internet service providers. DOCdata also designs and builds production systems based on optical and laser technology. Note: Certain matters discussed in this news release are forward-looking statements, as defined in 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. Such forward-looking statements are subject to a number of known and unknown risks and uncertainties including, but not limited to; uncertainty as to DOCdata's future profitability; DOCdata's ability to develop and implement operational and financial systems to manage its operations; competition in DOCdata's existing and potential future lines of business; DOCdata's ability to integrate and operate successfully acquired businesses and the risks associated with such businesses; DOCdata's ability to obtain financing on acceptable terms to finance DOCdata's growth strategy and for DOCdata to operate within the limitations imposed by financing arrangements; uncertainty as to the future profitability of acquired businesses; and other factors. Other factors and assumptions not identified above were also involved in the derivation of these forward-looking statements, and the failure of such other assumptions to be realized as well as other factors may also cause actual results to differ materially from those projected. DOCdata assumes no obligation to update these forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting such forward-looking statements. Vught, The Netherlands, 22 November 2000 Management DOCdata N.V. |
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