Applies to -- SITK
NEWS ON SITK
SITEK, Incorporated Announces Its Future Intention To Apply For Listing On The NASDAQ National Market System
SITEK, Incorporated Announces Its Future Intention To Apply For Listing
On The NASDAQ National Market System
TEMPE, Ariz., Mar 16, 2000 (BUSINESS WIRE) -- SITEK Incorporated (OTC BB: SITK),
a provider of products and manufacturing solutions to the semiconductor
industry, today announced its plan to apply for listing on the NASDAQ National
Market during July of this year.
Dr. Don M. Jackson, President and Chief Executive Officer stated, "Since SITEK's
fiscal year ends on March 31st, we plan to have our audited financials complete
by June. We expect our audited financials to show we have met the financial
requirements for NASDAQ National Market Listing. We plan to complete our
application in advance in order to expedite our listing."
In addition to financial requirements, the NASDAQ National Market listing
requirements include a minimum bid share price, 400 round lot shareholders, a
minimum public float and other requirements. SITEK expects to be able to meet
these listing requirements as well.
About SITEK Incorporated
SITEK, through its operating subsidiaries and divisions, specializes in
providing technical and manufacturing solutions for the semiconductor
electronics industry. The Company's broad range of products and services include
the design and manufacture of next-generation semiconductor equipment including
CMP systems, diffusion and LPCVD systems, ultra-high purity gas delivery
systems, and rapid batch magnetic anneal systems. SITEK also specializes in the
sale of pre-owned semiconductor equipment and advanced manufacturing system
automation. The Company further provides value-added processing of silicon
wafers and semiconductor engineering and technical services. For more
information please call (602) 431-0444 or visit SITEK's web site at
www.SITEKgroup.com.
This news release may include statements that constitute forward-looking
statements within the meaning of the Private Securities Litigation Reform Act of
1995. Please be cautioned that any such forward-looking statements are not
guarantees of future performance and involve significant risks and
uncertainties, including, without limitation, the risk that changes in the
Company's share market price, public float or financial performance may make it
unable to satisfy initial NASDAQ listing requirements. Actual results may vary
materially from those in the forward-looking statements as a result of these and
other factors. For a more complete description of the risk and uncertainty
facing the Company, please see the Company's 10-K for the year ended March 31,
1999 and the documents filed from time to time by the Company with the
Securities and Exchange Commission.
Trademark Notice: All trademarks named above are the property of their
respective holders.
Distributed via COMTEX.
Copyright (C) 2000 Business Wire. All rights reserved.
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CONTACT: SITEK, Inc.
Gloria Zemla, 480/921-8555 (Investor Relations)
gzemla@sitekgroup.com
Christine Nedved, 602/431-0444 (Sales and Marketing)
cnedved@sitekgroup.com
KEYWORD: ARIZONA
INDUSTRY KEYWORD: CHEMICALS/PLASTICS
COMPUTERS/ELECTRONICS
HARDWARE
MANUFACTURING
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