Sorry, I misread your post. I and possibly many others were not aware of the news yesterday. Maybe that's why it didn't move until today. Here's the press release that AOL posted and I only noticed today. There is still no major news release verifying that the E was actually dropped.
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Electronic Identification, Inc. (EI2) Is In Compliance With The NASD Reporting
VANCOUVER, B.C.--(BUSINESS WIRE)--May 08, 2000--Electronic Identification, Inc. (OTCBB:EISQ), developer of Smart ID Card technology supported by a state-of-the-art Intranet framework, today announced that it has complied with the NASD Reporting rules.
The Company today filed electronically through their lawyers, Form 8-K/A and Form 10KSB to be in full compliance with the NASD reporting requirements.
Terry Kirby, Chairman & CEO, stated: "EI2 has today filed the necessary 10KSB and 8-K/A Forms required to comply with NASD requirements, in compliance with NASD for continued listing on the OTC Bulletin board. EI2 wants its shareholders and investors to realize that management is conscious of the importance of its OTC listing.
"Furthermore, we at EI2 understand that, our stock symbol would contain an 'E' at the end if we were not in compliance on May 09, 2000. However, our lawyers advise us that the SEC has confirmed receipt of these forms on May 08, 2000, hence there should not be an 'E' at the end of our stock symbol tomorrow, May 09, 2000," added Mr. Kirby.
EI2 develops and markets electronic identification issuing and authentication systems. It also provides an Intranet-based framework for the issue of fraud and tamperproof ID cards via its flagship product line, Electronic Personnel Identification and Control Systems (e*PICS). E*PICS allows for the rapid development of customer specific applications that include the integration of legacy systems.
Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties including, without limitation, continued acceptance of the company's products, competition, new products and technological changes, intellectual property rights and other risks.
CONTACT:
Electronic Identification, Inc.
Terry Kirby, Chairman and CEO
604/684-8002
or
Ardent Communications
Sandy Brown, Investor Relations
604/684-6906 or 877/713-1900 (toll free)
Fax: 604/689-2669
KEYWORD: INTERNATIONAL CANADA
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