UniComp Requests Hearing Before the Nasdaq Listing Qualification Panel.Business Editors MARIETTA, Ga.--(BUSINESS WIRE)--Feb. 15, 2001 UNICOMP, 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 : UCMP UCMP USIGS Configuration Management Plan ), a provider of customer activated wireless devices, retail e-business solutions, and software solutions for companies, resellers and system integrators worldwide, today announced that it has submitted a plan to the NASDAQ that the Company believes will demonstrate compliance with NASDAQ's listing requirements Listing requirements Requirements, including minimum shares outstanding, market value, and income, that are laid down by an exchange for any stock to be listed for trading. . The Company received notification from the NASDAQ Listing Qualifications Panel on November 10, 2000, regarding NASDAQ listing requirements which indicates that the Company's stock price had traded below $1 for 30 consecutive trading days as required under Marketplace Rule 4450(a)(5), and that the Company's common stock did not maintain a minimum market value of public float under Marketplace Rule 4450(a)(2). On January 26, 2001, the Company received notification from NASDAQ Listing Qualifications that its net tangible assets Net Tangible Assets Calculated as the total assets of a company, minus any intangible assets such as goodwill, patents and trademarks, less all liabilities and the par value of preferred stock. Also known as "net asset value" or "book value". no longer meet the requirement for The NASDAQ National Market under Marketplace Rule 4450(a)(3). As a result, there are no assurances that the Company will remain listed on The NASDAQ National Market. Since receiving this notice, the Company's stock has traded above $1 for more than 10 consecutive trading days and the market value of the Company's public float now exceeds NASDAQ requirements. Additionally, the Company has requested a hearing before the NASDAQ Listing Qualifications Panel and will provide a plan that the Company believes will demonstrate compliance with the NASDAQ net tangible asset Tangible Asset An asset that has a physical form such as machinery, buildings and land. Notes: This is the opposite of an intangible asset such as a patent or trademark. Whether an asset is tangible or intangible isn't inherently good or bad. requirement. About UniComp UniComp, Inc. is a provider of customer-activated wireless devices, retail e-business solutions and software solutions for companies, resellers and system integrators worldwide. The retail e-business solutions include (1) a family of customer-activated wireless devices to enhance the retail shopping experience and reduce overhead costs and (2) a full suite of e-business solutions and services including secure Internet and/or bricks-and-mortar transaction processing, web development and hosting. The software applications and services include a comprehensive suite of systems management software for IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) AS/400 users and two platform migration products for transitioning IBM System/36 and AS/400 applications to open-system platforms such as Windows NT, 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). and Linux. UniComp's customer list includes Coca-Cola, Symbol Technologies, Kyrus Corporation, Systech Retail Systems, DHL DHL abbr. 1. Doctor of Hebrew Letters 2. Doctor of Hebrew Literature Worldwide Express, and BMW BMW in full Bayerische Motoren Werke AG German automaker. Founded as an aircraft engine manufacturer in 1916, the company assumed the name Bayerische Motoren Werke and became known for its high-speed motorcycles in the 1920s. Motors. Please visit our World Wide Web site at: www.unicomp.com. Safe Harbor The statements in this press release that relate to future results, market penetration, projected revenue growth and profitability trends, are forward-looking statements. These forward looking statements involve certain risks and uncertainties associated with demand for the company's products and services, development of markets for the Company's products and services as well as other risks identified in the Company's SEC filings. Actual results, events and performance could differ materially. Readers are therefore cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this news release. UniComp undertakes no obligation to release publicly the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion