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ADVANCED GRAVIS COMPUTER TECHNOLOGY LTD. REPORTS NO UNDISCLOSED MATERIAL CHANGES IN COMPANY AFFAIRS AFFECTING STOCK PRICE

ADVANCED GRAVIS COMPUTER TECHNOLOGY LTD. REPORTS NO UNDISCLOSED MATERIAL
 CHANGES IN COMPANY AFFAIRS AFFECTING STOCK PRICE
 VANCOUVER, British Columbia, March 25 /PRNewswire/ -- Management reports that there are no undisclosed material changes in the affairs of the Advanced Gravis Computer Technology Ltd. (NASDAQ: GRVSF, Toronto, Vancouver: AED) which could account for the recent increase in the price of the company's shares.
 The company can only assume that the recent price increase in the company's stock is due to the recently announced financing with Logitech International S.A. (see company's press release of March 18, 1992) and also due to increased interest and speculation concerning the company's new sound card UltraSound. The company still hopes to commence shipping the first UltraSound boards in May and plans to be releasing the first beta boards to select software developers in the next two weeks. The company has experienced significant industry interest in UltraSound, with more than 100 independent software developers reviewing confidential technical information on UltraSound's unique capabilities. The company is confident that the UltraSound technology will eventually achieve broad industry support.
 The company in the last two days has received advice from NASDAQ that the company does not meet the new listing standards that were brought into force March 2, 1992, which will result in the delisting of the company's shares unless successfully appealed. The company has sought advice from its professional advisors who have recommended that the company appeal to the NASDAQ Qualifications Committee to maintain its listing, which the company is now doing.
 -0- 3/25/92
 /CONTACT: Grant Russell of the Advanced Gravis Computer Technology, 604-434-7274/
 (GRVSF) CO: Advanced Gravis Computer Technology Ltd. ST: British Columbia IN: CPR SU:


DM -- LA022 -- 1620 03/25/92 15:24 EST
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Publication:PR Newswire
Date:Mar 25, 1992
Words:288
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