Here's an interesting PR from Call.NOW.com .....
Copyright 1999 PR Newswire Association, Inc.
PR Newswire
July 29, 1999, Thursday
SECTION: Financial News
DISTRIBUTION: TO BUSINESS EDITOR
LENGTH: 666 words
HEADLINE: CallNOW.com Common Stock to be Quoted in the National Quotation
Bureau's Pink Sheets Commencing August 2, 1999
DATELINE: NEW YORK, July 29
BODY:
Commencing August 2, 1999, quotations in the shares of CallNOW.com, Inc.
(OTC Bulletin Board: CALN) common stock, previously quoted on the NASD
Over-the-Counter Bulletin Board (OTCBB), under the symbol (CALN), will be made
only in the National Quotation Bureau's Pink Sheets under the symbol (CALNE).
This change is due to the Eligibility Rule adopted by the Securities and
Exchange Commission (SEC) in January of this year.
The Company is taking action to bring its public filing current to complete
the requirements of the Eligibility Rule, in order to become eligible for
trading on the OTCBB or a national stock exchange, however, it cannot predict
when and if such action will result in resumed quotation of its common stock on
the OTCBB.
On January 4, 1999, the SEC approved amendments to NASD Rules 6530 and 6540
(the Eligibility Rule) to limit quotations on the OTCBB. This ruling provides
that, in order for a security to continue being quoted on the OTCBB, the issuer
must make periodic flings with the SEC, or with banking or insurance regulators,
and be current with those filings.
CallNOW.com, Inc. (CALN) became listed on the OTCBB through a transaction on
April 6, 1999 that resulted from a reorganization with American
Ostrich Corporation which was a non-reporting OTCBB company whose symbol was
"AOC." Based upon the alphabetical phase-in schedule established by the NASD for
AOC, current financial information was to have been filed with the SEC
comments completed by August 1, 1999. CallNOW.com expects to make a filing of
current financial information in the near future. However, it will not meet the
date of August 1st set by the SEC for companies whose symbol, as of January
6, 1999, began with the letters "AE to AO". As a result market makers will
not be permitted to make quotations of CallNOW.com, Inc. securities on the
OTCBB until the financial information has been filed and the SEC has completed
its review of such filing.
On June 3, 1999, the SEC granted an exemption from SEC Rule 15c2-11
for securities that were quoted on the OTCBB on or before January 4, 1999
that will no longer be eligible to be quoted on the OTCBB due to the
phase-in implementation of the Eligibility Rule, which will permit
broker-dealers to publish or submit quotations in other quotation mediums,
including the National Quotation Bureau's Pink Sheets, for securities being removed from the OTCBB pursuant to NASD Rule 6530 subject to the certain
conditions, including the filing of a Form 211 by an NASD member firm offering
to make quotations in the securities, pursuant to Rule 15c2-11 promulgated under
the Securities Exchange Act of 1934, as amended. A Form 211 for CallNOW.com,
Inc. common stock has been filed by at least two market makers which will make
quotations of such securities in the Pink Sheets as of August 2, 1999 (under the
symbol CALNE).
CallNOW.com (http:/www.callnow.com) is a one stop shop for telecommunications
services on the Internet where customers in 250 countries can sign up online for
national and international long distance service and calling cards. The company
provides its customers with instant service activation and real time call
monitoring as well as online billing using its proprietary software. In
addition, the company offers free access to a global telephone directory on the
World Wide Web for individuals, businesses, reverse search and e-mail. Based in
New York City, the company was co-founded by Christian Bardenheuer, CEO, and
Warner Johnson, Jr., president.
This news release may contain "forward-looking statements" within the meaning
of Section 27A of the Securities Act of 1933, and Section 21E of the Securities
Exchange Act of 1934. Although the company believes that the expectations
reflected in such forward-looking statements are reasonable, it can give no
assurance that such expectations will prove correct.
SOURCE CallNOW.com, Inc.
CONTACT: Chris Seelbach of CallNOW.com, Inc., 212-686-2000, ext. 212 |
