Datatec Systems Fully Compliant with NASDAQ Listing Requirements; Resumes Trading Under Symbol DATC.Business and Technology Editors FAIRFIELD, N.J.--(BUSINESS WIRE)--Nov. 13, 2002 Datatec Systems, Inc. (Nasdaq:DATC DATC Davis Applied Technology College (Kaysville, Utah) DATC Days After Test Completion DATC Deferred Adverse Tax Consequence DATC Direct Assistance & Training Command DATC Director of Air Traffic Control ), a leading provider of technology deployment services and software tools, today announced that it has been informed by Nasdaq that the Company is fully in compliance with all requirements for continued listing on the Nasdaq SmallCap Market, and that the "E" that had been appended to the Company's trading symbol Trading symbol See: Ticker symbol will be removed as of the market open today. Commenting on this welcome news, Isaac Gaon, Datatec Chairman and 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. said, "The past few months have been a very trying time for our investors as the Company worked through the unforeseen issues resulting from the changeover (programming) changeover - The time when a new system has been tested successfully and replaces the old system. of auditors from Andersen to Deloitte and Touche. We will now be able to again focus all of our attention and efforts toward achieving the fiscal 2003 and long term growth and profitability targets that we have set for ourselves." About Datatec Systems, Inc. Fairfield, NJ-based Datatec Systems specializes in the rapid, large-scale market absorption of networking technologies. Datatec's deployment services utilize a software-enabled implementation model to configure, integrate and roll out new technology solutions using a "best practices" structured process. Its customers include Fortune 1000 companies and world-class technology providers. Datatec stock is listed on 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. (DATC). For more information, visit http://www.datatec.com/ This Press Release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve risks and uncertainties that may cause the actual results or objectives to be materially different from those expressed or implied by such forward-looking statements. |
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