Glasgal Communications, Inc. announces continued listing on NASDAQ.NORTHVALE, N.J.--(BUSINESS WIRE)--Sept. 15, 1995-- GLASGAL COMMUNICATIONS, INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . (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 : GLASC), today announced that its Common Stock will continue to be listed on the Nasdaq SmallCap Market(TM) via an exception from capital and surplus requirements. While Glasgal failed to meet this requirement as of April 30, 1995, the Company was granted a temporary exception from this standard subject to Glasgal meeting certain conditions. The Company believes that it can meet these conditions; however, there can be no assurance that it will do so. If at some future date the Company's securities should cease to be listed on the Nasdaq SmallCap Market, they may apply to be listed in the OTC-Bulletin Board. For the duration of the exception, the Company's Nasdaq symbol will be GLASC. GLASGAL COMMUNICATIONS, INC. is an open systems integrator An individual or organization that builds systems from a variety of diverse components. With increasing complexity of technology, more customers want complete solutions to information problems, requiring hardware, software and networking expertise in a multivendor environment. that designs, installs and services local and wide area networks which incorporate a broad range of computer hardware, networking systems and software products. CONTACT: Isaac J. Gaon, Chief Executive Officer GLASGAL COMMUNICATIONS, INC. (201) 768-8082 or Stephen D. Axelrod Ax·el·rod , Julius 1912-2004. American biochemist and pharmacologist. He shared a 1970 Nobel Prize for studies of the ways in which different substances affect neural impulses. , CFA (Computer Fraud and Abuse Act of 1986) Signed into law in 1986, the CFA was a significant step forward in criminalizing unauthorized access to computer systems and networks. The Act applies to "federal interest computers" that include any system used by the U.S. Mona J. Walsh Barbara Yu (Media) WOLFE AXELROD ASSOCIATES (212) 370-4500 |
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