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SUNWARD TECHNOLOGIES INC. MAKES ANNOUNCEMENT

 SUNWARD TECHNOLOGIES INC. MAKES ANNOUNCEMENT
 SAN DIEGO, Feb. 6 /PRNewswire/ -- Effective on Feb. 7, 1992, the


common stock of Sunward Technologies Inc. will be listed on the National Association of Securities Dealers National Market System under the symbol SUNT, the company announced today. The company had been trading under a temporary exception from the NASD maintenance requirements for net assets and capital and surplus. During the period of the exception, the company's stock was traded under the symbol SUNTC. The company is now in compliance and the exception has been removed.
 Greg Reyes, chairman of the board and chief executive officer, stated, "We are pleased that as a result of the recent $5 million investment in our company by Conner Peripherals Inc. and our improved operating results, the company was able to comply with NASDAQ requirements."
 Sunward designs, manufactures and markets rigid disk magnetic recording head products for the data storage industry. These products are used in rigid disk drive storage units for computer applications and are sold primarily to independent disk drive manufacturers.
 -0- 2/6/92
 /CONTACT: Greg Reyes, chairman and CEO, or Ronald Scioscia, CFO, of Sunward Technologies, 619-587-9140/
 (SUNT SUNTC) CO: Sunward Technologies, Inc. ST: California IN: CPR SU:


JL-BB -- SD007 -- 7991 02/06/92 19:46 EST
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Feb 6, 1992
Words:212
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