S.W, anybody remembers little VXCH we picked up around $1.80? It's now MXIP @$25.75 and on NASDAQ....
MAX Internet Communications Approved for Listing on Nasdaq SmallCap Market...
DALLAS, Feb. 9 /PRNewswire/ -- MAX Internet Communications (OTC Bulletin Board: MXIP - news) today announced that it has received approval from the Nasdaq-Amex Stock Market to begin trading on the Nasdaq SmallCap Market under the same symbol, MXIP effective February 10, 2000. The company made application on November 15, 1999, and today received notice of approval by meeting all Nasdaq SmallCap listing qualifications.
Due to certain developments since the company's application, MAX Internet said it now plans to file for listing of its Common Stock on the Nasdaq National Market System. Management believes that the company currently meets the criteria for listing on the National Market System, however, it added that meeting the criteria is no assurance that Nasdaq will accept the company for listing.
In making the announcement, Lawrence R. Biggs, Jr., Chief Executive Officer, noted ''The approval for MAX Internet's shares to trade on the Nasdaq SmallCap Market will be instrumental in generating broader interest among institutions and potential investors for our common stock. We believe that our inclusion will generate the amount of exposure that our story deserves for those seeking a company with a superior technology and significant growth potential.'' Mr. Biggs concluded, ''Meeting the requirements for Nasdaq SmallCap is an important step in the future growth of our company and represents another milestone in establishing the i.c.Live technology as the standard for all business and personal communications.''
MAX Internet Communications Inc. manufactures and markets a PC Internet Media Processor Card, the MAX i.c.Live 3600, and an Information Appliance, the MAX i.c.Live Video Communication Station. The core technology of both products, the MAX i.c.Live Internet Media Processor, delivers the power to conduct true-motion, synchronized video and audio communications and high- quality video and audio streaming and browsing over a broadband Internet connection. The MAX i.c.Live Internet Media Processor also integrates full DVD and Dolby AC-3 surround sound for the most complete and affordable video communication and entertainment solution available on the market today. For more information about MAX Internet Communications, visit the company's Web site at maxic.com.
Safe Harbor Statement -- Certain statements in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. There are a number of important factors that could cause the Company's actual results to differ materially from those indicated by such forward-looking statements.
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