Printer Friendly
The Free Library
19,604,530 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Datascension Inc. Emerges from 'When Issued' Status Effective Immediately.


Business Editors

LAS VEGAS--(BUSINESS WIRE)--March 25, 2004

Datascension, Inc., (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
:DTSN DTSN Seaman, Dental Technician Striker (Naval Rating)
DTSN Digital Tandem Switching Network (AT&T) 
) (OTCBB:DTSNV), formerly known as Nutek, Inc. (OTCBB:NUTK), has successfully fulfilled all 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
 requirements relating to its mandatory stock certificate exchange and it will trade under T+3 (3-day settlement), effective March 25, 2004. Concurrent with this action, the NASDAQ has removed the fifth letter "V" that symbolized the "When Issued" status, from Datascension's trading symbol Trading symbol

See: Ticker symbol
, and the Company's shares will commence trading today under the symbol DTSN.

NASDAQ has set March 30, 2004 as the mandatory settlement date for all trades that occurred prior to March 25, 2004. Henceforth, all trades are subject to T+3 settlement.

"We're grateful for the cooperation we've received from the NASDAQ and the Depository Trust Corporation (DTC DTC

See: Depository Transfer Check


DTC

See: Depository Trust Company


DTC

See Depository Trust Company (DTC).
) to help facilitate the mandatory stock certificate exchange and the transition to trading in physical certificate form," said Murray Conradie, Datascension CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "Our shareholders and investors have been extremely supportive and we thank them for their continued interest and assistance in this process."

Management reminds shareholders and participants, that all issued and outstanding shares bearing the previous corporate name, Nutek Inc., MUST be exchanged for new certificates bearing the name Datascension Inc., and the name of the beneficial owner Beneficial Owner

A person who enjoys the benefits of ownership even though title is in another name.

Notes:
For example, when shares of a mutual fund are held by a custodian bank or when securities are held by a broker in street name, the true owner is the beneficial
, or these shares will not entitle the certificate holder to any of the rights of a shareholder of the Corporation, and shall be deemed worthless, non-transferable and non-tradable in any public or private market or exchange after April 25, 2004.

At this time, shares of Datascension will not clear through the DTC. Future trading will be in physical delivery only. All Datascension stock certificates are now required to bear the name of the beneficial owners. Shareholders who have questions regarding Datascension stock may contact the Company's investor relations Investor relations

The process by which the corporation communicates with its investors.
, Jim Stock, tollfree at 866-242-2405 or via email, stockenter@aol.com.

About Datascension

Datascension, a premier data solutions company with headquarters in Las Vegas and Brea, California, embodies a unique expertise in the collection, storage, processing and interpretation of marketing data. Employing hundreds of bilingual professionals, the company has become one of the largest Spanish-speaking call centers. Datascension International's commitment to customer service, quality and on-time project management has fostered its world-class reputation among major market research firms and corporate market research departments. Further information is available at: www.datascension.com.

Safe Harbor Statement under 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: Certain statements contained in this press release are forward-looking statements and information relating to the company that is based on the beliefs of the management of the company, as well as assumptions made by and information currently available to the management of the company. Such statements reflect the current views of the company with respect to future events, and are subject to risks and uncertainties that could cause actual results to differ materially from those contemplated in such forward-looking statements.
COPYRIGHT 2004 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Geographic Code:1USA
Date:Mar 25, 2004
Words:478
Previous Article:Source Direct Signs Exclusive Retail Distribution Agreement With Marden, Inc. For Ace Hardware Corporation.
Next Article:Seattle Genetics Initiates SGN-40 Phase I Clinical Trial in Multiple Myeloma.



Related Articles
Final Qsub regs.
ARABS-ISRAEL - July 22 - No Deal Reached.
Monitoring System for Water, Wastewater, and Environmental Remediation.
TURKMENISTAN - April 23 - Caspian States Discuss Resources.
Conseco gets approval to leave bankruptcy.
Parliamentary hearing at the United Nations.
Let's agree on definitions!

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles