Proginet Form 10-SB Clears SEC Comments.Business Editors GARDEN CITY, N.Y.--(BUSINESS WIRE)--Sept. 5, 2000 Proginet Corporation (CDNX CDNX See Canadian Venture Exchange (CDNX). : PRG.U) announced that its Registration Statement on Form 10-SB has cleared the SEC's process of review and comment, making it possible for Proginet to begin trading on the OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. . Proginet President and 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. Kevin M. Kelly stated, "The move to the U.S. market is exciting for Proginet, and is the realization of one of our key corporate goals. I am confident that trading on the OTC Bulletin Board will benefit our many loyal shareholders by giving them increased liquidity, and will provide Proginet with increased credibility and access to capital markets. Further, the increased exposure that Proginet will experience by trading on the OTC Bulletin Board will broaden the Company's opportunities to expand its investor base to allow more shareholders to share in Proginet's future." Mallory Factor of Mallory Factor Inc, corporate advisor and investor relations consultant to Proginet, added, "The move to the OTC Bulletin Board will further enhance Proginet's visibility in key public markets and its credibility with investors." Proginet Corporation develops state-of-the-art software applications that integrate multiple computing environments for e-businesses running OS/390 from IBM (NYSE NYSE See: New York Stock Exchange :IBM), Windows from Microsoft (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 :MSFT MSFT Microsoft (stock symbol) MSFT Movimento Sociale Fiamma Tricolore (Italy) MSFT Multi-Stage Fitness Test MSFT Master of Science in Family Therapy MSFT Macalester Students for Fair Trade ) and UNIX UNIX Operating system for digital computers, developed by Ken Thompson of Bell Laboratories in 1969. It was initially designed for a single user (the name was a pun on the earlier operating system Multics). platforms from Sun Microsystems (NASDAQ:SUNW), Hewlett-Packard (NYSE:HWP) and others. Proginet's software addresses the systems management software space, including enterprise managed data transfer, Internet managed data transfer and password management. Proginet's CyberFusion(TM) software allows information to be used anywhere, anytime and in any way. Proginet's SecurPass(TM) software streamlines enterprise password management and cuts help desk costs. For additional information, please visit the Proginet website at www.proginet.com. (c)2000 Proginet Corporation. All rights reserved. |
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