eNucleus announces - Stock Exchange and New Trading Symbol: ENCU.Business Editors CHICAGO--(BUSINESS WIRE)--April 11, 2002 eNucleus, Inc. (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 OTC-BB: ENCU ENCU Environmental Control Unit (AH-64) ) announced today the Company's new trading symbol Trading symbol See: Ticker symbol of ENCU, which represents the final step in paving the way for eNucleus to gain its post petition funding to finance the Company's growth and satisfy remaining issues surrounding the restructuring. As a result of the reorganization, existing shareholders of eNucleus, Inc. will undergo a one (1) for six (6) reverse stock exchange. All shares of eNucleus, Inc. common stock (CUSIP CUSIP See: Committee on Uniform Securities Identification Procedures CUSIP See Committee on Uniform Securities Identification Procedures. no. 293876 10 8) must be tendered to Illinois Stock Transfer Company (eNucleus' exchange agent) to receive new shares in the newly reorganized Company. The necessary documentation to effect this exchange is currently being prepared by Illinois Stock Transfer and will be forwarded to shareholders by April 15, 2002. Shareholders must tender their old common shares no later than October 15, 2002 to avoid forfeiture The involuntary relinquishment of money or property without compensation as a consequence of a breach or nonperformance of some legal obligation or the commission of a crime. The loss of a corporate charter or franchise as a result of illegality, malfeasance, or Nonfeasance. of rights regarding their interest in the newly reorganized Company. eNucleus also encourages all interested parties to research the Company's 2001 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. (expected to be filed Monday April 15, 2002) which will report the significant restatements of the company's liabilities and equity sections of its balance sheet, which is pursuant to the restructuring and adoption of fresh start accounting. Through this financial foundation the Company is "ideally positioned to capitalize and prosper in this new economy" said John Paulsen, eNucleus' 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. . "Additionally, with the changes made to date, of drastically reducing our cash utilization and pursuing our high-margin annuity based wholesale business model, the Company is well positioned for significant growth," said the Company's new President, Scott Voss. About eNucleus Operating in Chicago and Atlanta, eNucleus (NASDAQ OTC-BB: ENCU) is a wholesaler of Internet infrastructure. Our target market is comprised of system integrators, web developers, software providers and telecom resellers. Our core product offerings include co-location, high-speed Internet See broadband. access, data storage, and application delivery. Together, this offering provides our clients with a scaleable and brandable platform for the development of their ebusiness initiatives. The information contained in this press release, including any "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. " within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 contained herein, should be reviewed in conjunction with the Company's annual report, financial filings and other publicly available information regarding the Company, copies of which are available from the Company upon request. Such publicly available information sets forth many risks and uncertainties related to the Company's business and such statements, including risks and uncertainties related to that are unpredictable and outside of the influence and/or control of the Company. |
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