Some good news for the longs:
Tuesday November 9, 4:19 pm Eastern Time
Company Press Release
SOURCE: JAWS Technologies Inc.
Jaws Technologies Inc. Clears ''SEC'' Comments
CALGARY, Nov. 9 /CNW-PRN/ - JAWS Technologies Inc. (JAWZ: OTC-BB) announced that the company has cleared its registration statement with the United States Securities and Exchange Commission making JAWS Technologies a fully reporting issuer on the over-the-counter bulletin board (OTC-BB). The registration was approved ''without further comment'', ensuring that JAWS Technologies meets new National Association of Securities Dealers' policies. The NASD's policies require that companies file continuous disclosure on operational and financial results as this information is of critical importance to the investment community.
With this new status, JAWS' common shares can now trade in the open market without restriction. ''Our venture to fully-reporting status allows JAWS' shares to be accessible to world markets,'' said Robert Kubbernus, Chairman and CEO, JAWS Technologies Inc. ''It is an important move forward in increasing corporate exposure, attracting new investors and increasing liquidity for our shareholders.'' Kubbernus continued to add, ''Inline with our corporate strategy, we expect that JAWS will graduate to meet the listing requirements of the NASDAQ Small Cap Market in the next few months, allowing an application within the first half of 2000.''
JAWS would like to take this opportunity to thank our loyal shareholders for demonstrating their confidence in JAWS and our future corporate positioning. ''The achievement of full reporting status, without further comment from the SEC, demonstrates JAWS' growth from venture company stage to being a viable corporate entity with an aggressive, solid and achievable business plan,'' he said.
About JAWS Technologies: ''Information is Power. Protect It.''
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