Dicom Imaging Systems Updates On Status of Nasdaq Application; Fundamentals Remain Intact -- Company Expects to Report Earnings Week of 8/15.Business Editors BELLINGHAM, Wash.--(BUSINESS WIRE)--Aug. 2, 2000 Dicom Imaging Systems (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :DCIM DCIM Digital Camera Images DCIM Duke Center for Integrative Medicine (Durham, NC) DCIM Discrete Complex Image Method DCIM Display Control Interface Module DCIM Digital Camera Image Management DCIM Digital Camera Images Managing ), today updates regarding the status of the 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 Small Cap listing. As previously announced on May 17, 2000, Dicom Imaging Systems submitted the application for Small Cap NASDAQ. In light of the recent decline of the share price, Dicom Imaging Systems has decided to voluntarily withdraw the application and re-submit in the near future. Dr. David Gane, President and Chief Executive Officer, stated, "Dicom Imaging Systems has made significant strides in regard to joint ventures and the strengthening of the management team during the past two quarters. At this juncture we feel it in the best interests of the company and our shareholders to resubmit Verb 1. resubmit - submit (information) again to a program or automatic system feed back return, render - give back; "render money" the application after the market has had a chance to absorb and evaluate the fruits of some of our recent achievements. "We continue to forge ahead with several objectives including beneficial strategic alliances and joint ventures that we expect to materialize in the near future. We are nearing completion of the rollout of the medical imaging software suite that we feel will generate significant revenue opportunities and provide increased shareholder value," Gane continued. "The submission for the NASDAQ Small Cap exchange is one part of the development of our overall business plan and we continue to focus on the positive aspects and forward momentum of the Company including the planned expansion into the extremely lucrative Asian Marketplace. We believe that we have met all of the stated requirements for listing minus the share price, will re-apply as expeditiously ex·pe·di·tious adj. Acting or done with speed and efficiency. See Synonyms at fast1. ex as possible once the requirement is met and have stated objectives that we are implementing to accomplish this goal," Gane concluded. The conference call replay is available through August 3rd. The dial-in number is 888-203-1112, confirmation code 581019. Outside of the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. call 719-457-0820, confirmation 581019. 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. This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and section 21E of the Exchange Act of 1934, as amended by public law 104-67 and is subject to safe harbor by these sections. Actual results, performance or achievements could differ materially from those anticipated in such forward-looking statements, which involve numerous risks and uncertainties. |
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