Dicom Seeks Removal of "E" Appended to its Trading Symbol.Business Editors WHITE ROCK, British Columbia--(BUSINESS WIRE)--May 23, 2001 Dicom Imaging Systems, Inc. ("Dicom" or the "Company") announced today that its trading symbol Trading symbol See: Ticker symbol , "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 ", will continue to be appended with an "E" until Dicom is current in its public reporting obligations. Dicom expects to be current in its reporting obligations by June June: see month. 7, 2001. On April 24, 2001, Dicom's trading symbol, "DCIM", was appended with an "E" because it had not filed its Annual Report on Form 10-KSB with the Securities and Exchange Commission on a timely basis. On May 17, 2001, Dicom filed its Form 10-KSB for the fiscal year ended December 31, 2000. On May 17, 2001, the Over-the-Counter Bulletin Board (the "OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB"), the market on which Dicom's common stock is traded, informed the Company that an "E" would continue to be appended to Dicom's trading symbol until Dicom files its Quarterly Report on Form 10-QSB for the quarterly period ended March 31, 2001. Dicom's Quarterly Report on Form 10-QSB was due to be filed on May 15, 2001. Upon filing with the SEC, Dicom intends to supply the OTC BB with information indicating that it is current in its public reporting obligations. The time required to remove the "E" from Dicom's trading symbol may vary, but will be no earlier than the next trading day In Business, the trading day is the time span that a particular stock exchange is open. For example, the New York Stock Exchange is, as of 2006, open from 09:30AM to 4:00PM. Trading days never take place on weekends. after Dicom files it's Form 10-QSB with the SEC. David Gane, Dicom's Chief Executive Officer, said, "We emphasize that we are committed to bringing Dicom current in its reporting obligations. Regrettably, we experienced some delays in preparing our 10-KSB which also delayed the filing of our 10-QSB. We filed our Annual Report on 10-KSB on May 17, 2001, and we expect to get the Quarterly Report on 10-QSB filed by June 7, 2001. Once the 10-QSB is filed, all of our financial information will be current, and we expect to meet our ongoing public company reporting obligations in a timely manner." The "E" appended to Dicom's trading symbol means that, upon the expiration EXPIRATION. Cessation; end. As, the expiration of, a lease, of a contract, or statute. 2. In general, the expiration of a contract puts an end to all the engagements of the parties, except to those which arise from the non- fulfillment of obligations created of a 30-day grace period ending on or around June 15, 2001, its common stock could be suspended sus·pend v. sus·pend·ed, sus·pend·ing, sus·pends v.tr. 1. To bar for a period from a privilege, office, or position, usually as a punishment: suspend a student from school. from trading on, and subject to removal from, the OTC BB unless Dicom supplies the NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). , the parent company to the OTC BB, with (i) information indicating that Dicom is current in its public reporting obligations pursuant to NASD Rule 6530 and (ii) the NASD is satisfied that Dicom has met such obligations. NOTE: Information contained in this press release, other than historical information, should be considered forward-looking in nature and is subject to various risks or uncertainties and assumptions. Should one or more of these risks or uncertainties materialize ma·te·ri·al·ize v. ma·te·ri·al·ized, ma·te·ri·al·iz·ing, ma·te·ri·al·iz·es v.tr. 1. To cause to become real or actual: By building the house, we materialized a dream. , or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated or expected. Among the key factors that may have a direct bearing on the operating results, performance or financial condition are the company's ability to achieve and manage growth; the company's ability to successfully identify suitable acquisition candidates, complete acquisitions or integrate the acquired business into its operations; the company's ability to attract and retain qualified personnel; the company's ability to develop new services; and other factors discussed in Dicom's filings with the Securities and Exchange Commission. |
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