WordCruncher Internet Technologies, Inc. Files Nasdaq Application
Business Editors
SALT LAKE CITY, Utah--(BUSINESS WIRE)--July 28, 1999--
WordCruncher Internet Technologies, Inc. (OTC BB: WCTI), announced
today that it has filed an application with The Nasdaq Stock Market,
Inc. for listing on Nasdaq. This application follows the previously
announced submission by the company of a Form S-1 Registration
Statement with the U.S. Securities and Exchange Commission. WCTI also
announced that it has received comments from the SEC on their S-1
filing and will be responding to them within the next two weeks.
Kenneth W. Bell, Senior Vice President and Chief Financial Officer,
made the following statement concerning the filing of the application:
"The filing of this application continues WCTI's progress towards
increasing the visibility and liquidity of its common stock. Coupled
with the effectiveness of our Registration Statement this will put
WCTI in a position to better access the financial markets as our
company moves ahead." Bell continued, "While the processing of our
Nasdaq application and the completion of our Registration Statement
may take several weeks, we believe that we can complete this process
and make the move to Nasdaq prior to the end of the third quarter of
this year."
About WordCruncher Internet Technologies, Inc. Headquartered in
Salt Lake City, Utah, WordCruncher Internet Technologies, Inc. is an
Internet information company for business professionals. WCTI combines
powerful search capabilities with a focused business directory and
salient content. For more information about WCTI, visit
wordcruncher.com.
This release contains forward-looking statements, as defined in
Section 21E of the Securities Exchange Act of 1934, and includes
WCTI's belief, expectations or intentions regarding its future
operations and financial condition. All forward-looking statements
included in this release are based on current expectations that
involve risks and uncertainties, which might cause the actual results
to differ materially from those projected in any forward-looking
statements. Factors affecting results include the timely development
and implementation of technologies and services, the market awareness
and acceptance of these technologies and services, competitive factors
and pricing pressures, changes in product mix due to market demand,
the overall market demand for internet services, and the ability of
the Company to protect its proprietary information. WCTI assumes no
obligation to update any forward-looking statements.
--30--cl/ph*
CONTACT: Investor Inquiries:
WCTI
R. Brett Bell, 801/816-9904
investors@wordcruncher.com
or
Brokers & Analysts:
Columbia Financial Group
888/301-6271
or
Media Inquiries:
Brodeur Porter Novelli
Mark Molzen, 801/765-1500
mmolzen@brodeur.com
KEYWORD: UTAH
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED TELECOMMUNICATIONS
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Jul-28-1999 09:53 GMT
Symbols:
US;WCTI
Source BW Business Wire |
