InnovaCom Files Registration Statement With SEC.SANTA CLARA, Calif.--(BUSINESS WIRE)--Dec. 15, 1997--InnovaCom Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:MPEG (Moving Pictures Experts Group) An ISO/ITU standard for compressing digital video. Pronounced "em-peg," it is the universal standard for digital terrestrial, cable and satellite TV, DVDs and digital video recorders (DVRs). ) announced today that it has filed a registration statement on Form 10SB with the United States Securities and Exchange Commission ("SEC") registering its common stock under Section 12(g) of the Securities Exchange Act of 1934, as amended. The registration statement, which is available to the public through the SEC's EDGAR Edgar or Eadgar (both: ĕd`gər), 943?–975, king of the English (959–75), son of Edmund, king of Wessex. In 957 the Mercians and Northumbrians rebelled against Edgar's brother Edwy and chose Edgar as their king. system, includes InnovaCom's audited financial statements for the fiscal year ended Dec. 31, 1996, and unaudited financial statements for the quarter ended Sept. 30, 1997. The registration statement is automatically effective sixty (60) days after the filing of the registration statement, unless sooner declared effective by the SEC. The effectiveness of the registration statement is a condition to the acceptance of an application with the National Association of Securities Dealers National Association of Securities Dealers (NASD) Nonprofit organization formed under the joint sponsorship of the investment bankers' conference and the SEC to comply with the Maloney Act, which provides for the regulation of the OTC market. Inc. ("NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). ") for the trading of InnovaCom's common stock 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. . Provided that all other conditions have been met, the Company intends to file an application with the NASDAQ Stock Market to list its common stock on the small cap market as soon as practical. InnovaCom Inc. is a leading developer of MPEG-2 products for broadcast quality video compression. InnovaCom's single-chip MPEG-2 encoder, scheduled for shipment the first quarter of 1998, for satellite, cable, broadcast, and consumer applications will exceed the performance of currently available multichip solutions. Visit InnovaCom's website at http://www.innovacom-mpeg2.com InnovaCom is located at 2855 Kifer Road, Suite 100, Santa Clara, Calif. 95051. Telephone is 408/727-2447 (CHIP) and Fax is 408/727-6625. Investor Relations Investor relations The process by which the corporation communicates with its investors. contact is Ben Gibson. Press Relations contact is Carter Elliott at 408/395-1161. CONTACT: InnovaCom Ben Gibson, 408/727-2447 or Carter Elliot Public Relations Carter Elliot, 408/395-1161 |
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