ITIS Holdings Inc. Rescinds DTC Withdrawal.Business Editors & Health/Medical WritersHOUSTON--(BUSINESS WIRE)--Jan. 29, 2003 ITIS ITIS Integrated Taxonomic Information System ITIS International Trade Institute of Singapore ITIS Integrated Transport Information System ITIS International Tourism Institute ITIS International Trade Information Service ITIS Information Technology Insurance Specialists Holdings Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ITHH) announced that the directors voted today to rescind the company's prior action in making its stock non-depository eligible. "We do not want to cause our loyal stockholders any hardship," said Hunter M. A. Carr, 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. , "and the directors have voted unanimously to return to Depository Trust." The company has notified Depository Trust Corporation and Atlas Stock Transfer Corporation of the Board's decision to rescind the withdrawal from depository eligibility for its common stock. About ITIS Holdings Inc. ITIS Holdings Inc. operates subsidiaries that provide automated litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. support (http://www.litidex.com), and that operate specialized medicine pharmacies through PharmHouse, in addition to OnPoint Solutions, a developer of the Litidex(R) software, the RightScript(TM) software to be used in the pharmacies, and other software and hardware technologies. Subsidiary National Law Library Inc., receives royalties related to the sale of its legal databases. Except for the historical information contained in this press release, certain statements in this release are forward-looking statements within the meaning of "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. " provisions of 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. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance, or achievements of ITIS Holdings Inc. and/or its subsidiary companies to be materially different from those expressed or implied by such forward-looking statements. Such factors include: general economic and business conditions; competition; success of operating initiatives; development of capital and operating costs; market conditions; advertising and promotional efforts; adverse publicity; changes in business strategy or development plans; quality of management and other personnel; and government regulations. Other risk factors are listed in the most recent Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. filed with the Securities and Exchange Commission. |
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