Phil, Could you make a comment on this news?
TX,
Young
Camelot Aware of No Reason for Stock Price or Unusual
Trading
DALLAS, April 9 /PRNewswire/ -- Camelot Corp announces that it can ascertain no reason for
the unprecedented fall in its Common Stock price as listed on NASDAQ. Nor can the Company
explain the level of trading. The Company has in excess of $3,000,000 cash in the bank, no debt
and stockholders equity of approximately $15,000,000. The Company will be demonstrating its
new Internet products, Digiphone(R) 2.0, Proficia(TM) and VideoTalk(TM) at Comdex. There has
been no insider trading, and the Company knows of no inside information that would result in these
stock prices and trading volume actions.
"I am at a loss to understand why this price level and trading volume is occurring," stated Daniel
Wettreich, Chairman and CEO of Camelot. "There has been no fundamental change in the
Company."
Camelot Corporation is a holding company with subsidiaries focused on software development and
Internet access. Its subsidiary, Third Planet Publishing, Inc., publishes DigiPhone(R), DigiPhone
Deluxe(TM), and DigiPhone for Mac(TM), the complete Internet phone system. Information is
available via the company's World Wide Web site at digiphone.com.
Except for the historical information contained herein, the matters discussed in this news release are
forward looking statements that are subject to certain risks and uncertainties that could cause actual
results to differ materially from those set forth, including but not limited to, the impact of global
regulation and competition, Camelot's dependence upon the continued ability to create and/or
acquire products that customers will accept; the impact of completion and the changing competitors;
the changing nature of regulations and the manner in which they are interpreted; dependence on
independent distributors and pricing pressures in addition to normal economic and world factors
beyond the control of the Company.
Say It!, Proficia, DigiPhone(R), DigiPhone Deluxe, DigiPhone for Mac, and VideoTalk are all
trademarks of Camelot. All other product names are trademarks of their respective companies.
SOURCE Camelot Corporation |
