US Diagnostic Inc. Moves To OTC Bulletin Board.Business Editors/Health & Medical Writers WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Aug. 15, 2000 US Diagnostic Inc. (Nasdaq:USDL USDL United States Department of Labor ) today announced that its Common Stock will be moved to 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. effective August 16, 2000. This is a result of the Company's ineligibility to remain listed on the Small Cap Market due to its non-compliance with the minimum one-dollar bid price under the Nasdaq Small Cap Market rules. The Company will continue to trade under the symbol USDL. While there can be no assurance that its Common Stock will trade on the OTC Bulletin Board, the Company believes that market makers will continue to make a market in its shares of Common Stock on the OTC Bulletin Board. US Diagnostic Inc. is a leading independent provider of radiology radiology, branch of medicine specializing in the use of X rays, gamma rays, radioactive isotopes, and other forms of radiation in the diagnosis and treatment of disease. services focused on the development, acquisition, operation and management of multi-modality diagnostic imaging centers and related medical facilities in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . The Company has locations in 12 states and owns, operates or manages 66 fixed site diagnostic imaging facilities. Statements contained in this press release which are not historical facts are forward looking statements as that term is defined in 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 forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. are based largely on the Company's expectations and are subject to a number of risks and uncertainties, including but not limited to economic, competitive and other factors affecting the Company's operations, markets and strategies, adequate collection of accounts receivable accounts receivable n. the amounts of money due or owed to a business or professional by customers or clients. Generally, accounts receivable refers to the total amount due and is considered in calculating the value of a business or the business' problems in paying , available financing, government regulations involving the Company, facts and events not known at the time of this press release, and other factors discussed in the Company's filings with the Securities and Exchange Commission. Many of these factors are beyond the Company's control. Actual results could differ materially from the forward-looking statements. In light of these risks and uncertainties, there can be no assurance that the results anticipated in the forward-looking information in this press release will, in fact, occur. |
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